DILLARD. New Act Creates the Technology Development Act. Creates the Technology Development Fund as a special fund held separately by the State Treasurer and used by the State Treasurer to attract, assist, or retain quality technology businesses in Illinois. Permits the State Treasurer to make a one-time transfer to the Fund from the General Revenue Fund in an amount not to exceed $50,000,000. Permits the State Treasurer to deposit up to $50,000,000 at reduced interest rates in financial institutions that use the moneys for development of technology initiatives in Illinois. Effective immediately. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE EXECUTIVE MAR-08-2001 S POSTPONED MAR-22-2001 S TO SUBCOMMITTEE MAR-22-2001 S COMMITTEE EXECUTIVE MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary