SMALL BUSINESS INNOVATION

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Repeals provisions establishing the Illinois Science and Technology Commission. Effective immediately. Senate Floor Amendment No. 1 Deletes reference to: 20 ILCS 605/605-1000 rep. 20 ILCS 700/2003 from Ch. 127, par. 3702-3 Adds reference to: 20 ILCS 605/605-1025 new Replaces everything after the enacting clause. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Establishes the Illinois Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program to be administered by the Department of Commerce and Economic Opportunity. Provides that the Department of Commerce and Economic Opportunity may make grants to eligible businesses to match federal funds received by the business as an SBIR or STTR Phase I award and to encourage businesses to apply for Phase II awards up to a maximum of $50,000. House Committee Amendment No. 1 Deletes reference to: 20 ILCS 605/605-1025 Adds reference to: 20 ILCS 605/605-10 was 20 ILCS 605/46.1 in part Replaces everything after the enacting clause. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Makes a technical change in a Section concerning the Department's powers and duties. House Floor Amendment No. 2 Deletes reference to: 20 ILCS 605/605-10 Adds reference to: New Act 30 ILCS 575/4 from Ch. 127, par. 132.604 30 ILCS 500/20-15 30 ILCS 500/20-60 30 ILCS 500/35-30 30 ILCS 500/50-85 new 30 ILCS 575/4f 30 ILCS 575/6 from Ch. 127, par. 132.606 20 ILCS 605/605-1055 new 20 ILCS 405/405-535 new 15 ILCS 520/22.5 from Ch. 130, par. 41a 20 ILCS 405/405-535 new 30 ILCS 575/8k new 15 ILCS 520/16.3 30 ILCS 235/8 20 ILCS 2705/2705-597 new 20 ILCS 3903/30 20 ILCS 3903/35 new 20 ILCS 3916/20 20 ILCS 3916/25 new 20 ILCS 3983/30 20 ILCS 3983/35 new 20 ILCS 5110/30 20 ILCS 5110/35 new 30 ILCS 500/5-7 new 30 ILCS 500/5-30 30 ILCS 500/20-10 30 ILCS 500/20-25 30 ILCS 500/20-30 30 ILCS 500/20-60 30 ILCS 500/35-15 30 ILCS 500/35-30 30 ILCS 500/40-20 30 ILCS 500/50-20 30 ILCS 500/50-35 30 ILCS 575/2 30 ILCS 575/4 from Ch. 127, par. 132.604 30 ILCS 575/4f 30 ILCS 575/5 from Ch. 127, par. 132.605 30 ILCS 575/5.5 new 30 ILCS 575/7 from Ch. 127, par. 132.607 30 ILCS 575/8 from Ch. 127, par. 132.608 30 ILCS 265/10 30 ILCS 265/11 30 ILCS 265/20 305 ILCS 5/9A-11 from Ch. 23, par. 9A-11 Replaces everything after the enacting clause. Amends the Business Enterprise for Minorities, and Persons with Disabilities Act. Specifies further requirements in the awarding of State contracts under the Act concerning diversity and underrepresented groups. Amends the Illinois Procurement Code. Makes changes to provisions concerning competitive sealed bids and the awarding of contracts as related to diversity. Provides for diversity training. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Establishes the Illinois Small Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program. Creates the Community Development Loan Guarantee Act. Establishes the Loan Guarantee Program. Provides that the State Treasurer may establish at any eligible financial institution a Loan Guarantee Account as a special account outside the State treasury and with the State Treasurer as custodian. Provides further requirements for the Program. Creates the Illinois Community Reinvestment Act. Requires each covered financial institution to have a continuing and affirmative obligation to meet the financial services needs of the communities in which its offices, branches, and other facilities are maintained, consistent with the safe and sound operation of the financial institution, and for credit unions, consistent with its common bond. Creates the Commission on Equity and Inclusion. Provides for the membership and powers and duties of the Commission. Amends the Illinois Public Aid Code. Requires the Department shall update the Child Care Assistance Program Eligibility Calculator posted on its website to include a question on whether a family is applying for child care assistance for the first time or is applying for a redetermination of eligibility. Makes conforming and other changes. Effective immediately, except that specified provisions take effect January 1, 2022. Fiscal Note, House Floor Amendment No. 2 (Office of the Treasurer) The provisions of House Amendment 2 to SB 1608 will have minimal fiscal impact on the Treasurer's office. Pension Note, House Floor Amendment No. 2 (Government Forecasting & Accountability) SB 1608, as amended by HA 2, will not impact any public pension fund or retirement system in the State of Illinois. Fiscal Note, House Floor Amendment No. 2 (Dept. of Central Management Services) The Department of Central Management Services estimates that a negative fiscal impact will be expected should Senate Bill 1608, House Amendment #2 pass into law. Fiscal Note, House Floor Amendment No. 2 (Dept. of Commerce & Economic Opportunity) Within Article 1 of the bill state contracting goals for the BEP are amended, most notably the contracting goal is increased from 20% to 30%. The goal change will have a negligible fiscal impact on the Department, no increase in costs are anticipated. Article 10 of the bill establishes the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program. The program permits the department to establish a technology related grant matching program for the purpose of job creation and economic development. The Department may allocate appropriated funds for the program, granting up to $50,000 per business. The establishment of the SBIR/STTR program provides DCEO with the ability to fund awards under the program without a mandate which increases departmental costs. DCEO anticipates using existing appropriations for the program, no new appropriations will need to be sought. Balanced Budget Note, House Floor Amendment No. 2 (Office of Management and Budget) Ple State Debt Impact Note, House Floor Amendment No. 2 (Government Forecasting & Accountability) SB 1608, as amended by House Amendment 2, would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. Housing Affordability Impact Note, House Floor Amendment No. 2 (Housing Development Authority) This bill wilI have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence.