SB 3219 Illinois Senate · 93rd Regular Session

IL OPPORTUNITY FUND ACT

Summary

Creates the Illinois Opportunity Fund Act. Contains provisions intended to increase the availability and facilitate the delivery of institutional venture capital to emerging and expanding enterprises in the State of Illinois. Defines the role of the Department of Commerce and Economic Opportunity. Creates the Illinois Opportunity Fund and provides for the creation of the Illinois Capital Investment Corporation. Amends the State Finance Act to create the Illinois Opportunity Special Projects Fund. Amends the Illinois State Auditing Act to authorize audits of the Corporation and the Fund. Contains other provisions. Effective immediately.

Bill status failed 3 of 5 stages cleared

Introduction

Mar 2004

Committee Review

Mar 2004

Senate Passage

Mar 2004

House Passage

Governor

Introduced Mar 26, 2004 Last action Jan 11, 2005

Floor votes · Senate Mar 26, 2004

How they voted

39–5

Passed · 1 other

Total votes 45

Mar 26, 2004

D Democratic25

25 Yea

100% Yea

R Republican20

14 Yea 5 Nay 1

70% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 29, 2004

Committee

Referred to Rules Committee

lower

Mar 26, 2004

Introduced

Arrived in House

lower

Mar 26, 2004

Senate · Passed

Senate Vote: pass (39-5-1)

senate

Feb 26, 2004

Upper · Passed

Do Pass Executive; 012-000-000

upper

Feb 18, 2004

Committee

Assigned to Executive

upper

Feb 6, 2004

Committee

Referred to Rules

upper

0 primary · 10 co-sponsors