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HR0862 |
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LRB093 21885 BDD 49985 r |
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| HOUSE RESOLUTION
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE |
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| NINETY-THIRD GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that |
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| there is created the Community Investment Corporation |
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| Development Task Force consisting of 9 members, who need not be |
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| members of the General Assembly, appointed as follows: one |
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| member appointed by the Director of Commerce and Economic |
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| Opportunity, 4 members appointed by the Speaker of the House of |
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| Representatives, and 4 members appointed by the Minority Leader |
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| of the House of Representatives; and be it further
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| RESOLVED, That the Task Force must gather information |
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| regarding the establishment and operation of community |
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| investment corporations in the State, including information: |
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| (1) establishing policies regarding community |
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| investment corporations; |
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| (2) approving community investment corporations in the |
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| State or regionally;
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| (3) establishing guidelines for local referenda to |
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| determine the participation plan for allocation, |
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| shareholder governance rights, and repurchase of shares of |
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| community investment corporations; and |
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| (4) establishing tax incentives for community |
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| investment corporations in order to encourage their use and |
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| effectiveness; and be it further
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| RESOLVED, That the Task Force must report its findings to |
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| the
General Assembly on or before December 31, 2004; and be it |
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| further
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| RESOLVED, That a copy of this resolution be presented to |
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| the Director of Commerce and Economic Opportunity, the
Speaker |
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| of the House of Representatives, and the Minority Leader of the |
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| House
of Representatives.
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