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 and private equity investment 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
signed
all 5 stages cleared
Introduction
Apr 2005
Committee Review
May 2006
Senate Passage
May 2006
House Passage
May 2006
Signed into Law
May 2006
Introduced Apr 21, 2005
Signed May 19, 2006
Floor votes · Senate May 4, 2006 · House May 3, 2006
How they voted
26–24
Passed · 1 other
Total votes 51
May 4, 2006
D
Democratic26
100% Yea
R
Republican25
96% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
101
Key actions
14
Committee
21
Amendments
20
May 19, 2006
Signed into law
Governor Approved
upper
May 4, 2006
Upper · Passed
Passed Both Houses
upper
May 4, 2006
Introduced
House Floor Amendment No. 2 Senate Concurs 032-026-000
upper
May 4, 2006
Upper · Passed
House Committee Amendment No. 1 Senate Concurs 032-026-000
upper
May 4, 2006
Introduced
House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 007-005-000
upper
May 4, 2006
Upper · Passed
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 007-005-000
upper
May 4, 2006
Committee
House Floor Amendment No. 2 Motion to Concur Rules Referred to Executive
upper
May 4, 2006
Committee
House Committee Amendment No. 1 Motion to Concur Rules Referred to Executive
upper
May 4, 2006
Committee
House Floor Amendment No. 2 Motion to Concur Referred to Rules
upper
May 4, 2006
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Rules
upper
May 3, 2006
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 01,02-May 4, 2006
upper
May 3, 2006
Introduced
Secretary's Desk - Concurrence House Amendment(s) 01,02
upper
May 3, 2006
Lower · Passed
House Floor Amendment No. 2 Adopted by Voice Vote
lower
May 3, 2006
House · Passed
House Vote: pass (56-47-5)
house
Apr 19, 2006
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 005-004-000
lower
Apr 17, 2006
Lower · Passed
House Floor Amendment No. 2 Rules Refers to State Government Administration Committee
lower
Apr 17, 2006
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
Apr 17, 2006
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. Jay C. Hoffman
lower
Apr 10, 2006
Lower · Passed
Approved for Consideration Rules Committee; 003-001-000
lower
May 31, 2005
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
May 27, 2005
Lower · Passed
Do Pass as Amended / Standard Debate Executive Committee; 007-005-000
lower
May 27, 2005
Lower · Passed
House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
lower
May 27, 2005
Introduced
House Committee Amendment No. 1 Filed with Clerk by Executive Committee
lower
May 27, 2005
Committee
Assigned to Executive Committee
lower
May 13, 2005
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 26, 2005
Committee
Referred to Executive Committee
lower
Apr 26, 2005
Committee
Referred to Rules Committee
lower
Apr 21, 2005
Introduced
Arrived in House
lower
Apr 21, 2005
Upper · Passed
Senate Floor Amendment No. 3 Adopted; E. Jones
upper
Apr 21, 2005
Amended
Senate Floor Amendment No. 2 Tabled Harmon
upper
Apr 21, 2005
Introduced
Senate Floor Amendment No. 3 Recommend Do Adopt Commerce & Economic Development; 007-000-000
upper
Apr 20, 2005
Introduced
Senate Floor Amendment No. 3 Rules Refers to Commerce & Economic Development
upper
Apr 20, 2005
Committee
Senate Floor Amendment No. 3 Referred to Rules
upper
Apr 20, 2005
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Emil Jones, Jr.
upper
Apr 13, 2005
Introduced
Senate Floor Amendment No. 2 Recommend Do Adopt Commerce & Economic Development; 006-003-000
upper
Apr 12, 2005
Introduced
Senate Floor Amendment No. 2 Rules Refers to Commerce & Economic Development
upper
Apr 12, 2005
Committee
Senate Floor Amendment No. 2 Referred to Rules
upper
Apr 12, 2005
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Emil Jones, Jr.
upper
Apr 11, 2005
Upper · Passed
Senate Floor Amendment No. 1 Adopted; E. Jones
upper
Apr 8, 2005
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Commerce & Economic Development; 006-000-000
upper
Apr 6, 2005
Introduced
Senate Floor Amendment No. 1 Rules Refers to Commerce & Economic Development
upper
Apr 5, 2005
Committee
Senate Floor Amendment No. 1 Referred to Rules
upper
Apr 5, 2005
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Emil Jones, Jr.
upper
Mar 17, 2005
Upper · Passed
Do Pass Commerce & Economic Development; 010-000-000
upper
Feb 3, 2005
Committee
Assigned to Commerce & Economic Development
upper
0 primary · 4 co-sponsors
Sponsors
No sponsor information available.
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