90th General Assembly
Status of HB1479
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 Full Text  Bill Summary
STROGER.

   New Act                                                                     
   30 ILCS 105/5.449 new                                                       

        Creates the Invest in Illinois Act. Establishes a Capital  Access      
   Program  governed by a board of directors consisting of the Treasurer,      
   the  Director  of  Commerce  and  Community  Affairs,  and  7  members      
   appointed by the Governor. Provides that the Program shall  operate  a      
   Portfolio   Risk   Insurance   Reserve  Fund  to  encourage  financial      
   institutions to make loans for economic development purposes.  Creates      
   the  Invest  in  Illinois  Fund, a special Fund in the State treasury,      
   that, upon appropriation, may be used to operate  the  Portfolio  Risk      
   Insurance Reserve Fund.  Effective immediately.                             
   97-03-06  H  FIRST READING                                                  
   97-03-06  H  ADDED AS A JOINT SPONSOR                 STROGER               
   97-03-06  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-03-11  H       ASSIGNED TO COMMITTEE               STATE GOV ADM         
   97-03-12  H  PRIMARY SPONSOR CHANGED TO               STROGER               
   97-03-21  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary