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HB 4206 Illinois House · 96th Regular Session

DCEO-VETS-SMALL BUSINESS LOAN

Summary
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Authorizes the Department of Commerce and Economic Opportunity to make participation loans to small businesses that are at least 51% owned and managed by one or more persons who are veterans for the purposes of promoting the creation of veteran-owned small businesses and promoting the creation of jobs within small businesses. Provides that a loan may not exceed $100,000 or 50% of the business project costs. Provides that a loan may be made only if, in the Department's judgment, the number of jobs to be created is reasonable in relation to the loan funds requested. Provides that a loan must be protected by security. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Mar 2009
Committee Review
Mar 2009
House Passage
Mar 2009
Senate Passage
Governor
Introduced Mar 31, 2009 Last action Jan 11, 2011
Floor votes · House Mar 31, 2009

How they voted

104–0
Passed · 2 other
Total votes 106
Mar 31, 2009
D Democratic61
60 Yea 1
98% Yea
R Republican45
44 Yea 1
97% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
31
Key actions
4
Committee
6
Amendments
2
Mar 31, 2009
Committee
Referred to Assignments
upper
Mar 31, 2009
Introduced
Arrive in Senate
upper
Mar 31, 2009
House · Passed
House Vote: pass (104-0-2)
house
Mar 25, 2009
Lower · Passed
House Floor Amendment No. 1 Adopted by Voice Vote
lower
Mar 24, 2009
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
lower
Mar 18, 2009
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Mar 18, 2009
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Jerry L. Mitchell
lower
Mar 11, 2009
Lower · Passed
Do Pass / Short Debate State Government Administration Committee; 017-000-000
lower
Mar 4, 2009
Committee
Assigned to State Government Administration Committee
lower
Feb 27, 2009
Committee
Referred to Rules Committee
lower
0 primary · 2 co-sponsors

Sponsors

No sponsor information available.