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HB 5420 Illinois House · 96th Regular Session

DCEO-MICROLOAN PROGRAM

Summary
Creates the Microloan Program Act. Authorizes the Director of Commerce and Economic Opportunity to (i) make loans to eligible intermediaries for the purpose of making short-term, fixed rate loans to certain business concerns, (ii) make grants to those intermediaries to provide marketing, management, and technical assistance to small business concerns, and (iii) make grants to non-profit entities for the purpose of providing marketing, management, and technical assistance to low-income individuals under certain circumstances. Specifies criteria that eligible intermediaries must satisfy. Sets forth requirements for loans made to intermediaries; marketing, management, and technical assistance grants to intermediaries; private sector borrowing technical assistance grants; and loans to small business concerns from eligible intermediaries. Requires the Department to file certain reports with the General Assembly. Amends the State Finance Act to create the Business Loan and Investment Fund as a special fund in the State treasury. Authorizes the Department, subject to appropriation, to use the moneys in the Fund to carry out the purposes of the Microloan Program Act.
Bill status signed all 5 stages cleared
Introduction
Apr 2010
Committee Review
Jan 2011
House Passage
Jan 2011
Senate Passage
Jan 2011
Signed into Law
Jan 2011
Introduced Apr 6, 2010 Signed Jan 25, 2011
Floor votes · Senate Jan 5, 2011 · House Jan 6, 2011

How they voted

47–0
Passed · 1 other
Total votes 48
Jan 5, 2011
D Democratic30
29 Yea 1
96% Yea
R Republican18
18 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
101
Key actions
14
Committee
21
Amendments
9
Jan 25, 2011
Signed into law
Governor Approved
lower
Jan 6, 2011
Lower · Passed
Passed Both Houses
lower
Jan 6, 2011
Introduced
Senate Floor Amendment No. 2 House Concurs 111-004-002
lower
Jan 6, 2011
Lower · Passed
Senate Committee Amendment No. 1 House Concurs 111-004-002
lower
Jan 6, 2011
Lower · Passed
Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Special Committee on Medicaid Reform; 012-001-001
lower
Jan 6, 2011
Lower · Passed
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Special Committee on Medicaid Reform; 012-001-001
lower
Jan 6, 2011
Committee
Senate Floor Amendment No. 2 Motion to Concur Referred to Special Committee on Medicaid Reform
lower
Jan 6, 2011
Committee
Senate Committee Amendment No. 1 Motion to Concur Referred to Special Committee on Medicaid Reform
lower
Jan 6, 2011
Committee
Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
lower
Jan 6, 2011
Committee
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
lower
Jan 6, 2011
Introduced
Senate Floor Amendment No. 2 Motion Filed Concur Rep. Barbara Flynn Currie
lower
Jan 6, 2011
Lower · Passed
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Barbara Flynn Currie
lower
Jan 6, 2011
Introduced
Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2
lower
Jan 6, 2011
Introduced
Arrived in House
lower
Jan 5, 2011
Amended
Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a)
upper
Jan 5, 2011
Upper · Passed
Senate Floor Amendment No. 2 Adopted; Steans-Righter-Althoff
upper
Jan 5, 2011
Upper · Passed
Senate Floor Amendment No. 2 Recommend Do Adopt Special Committee on Medicaid Reform; 006-000-000
upper
Jan 5, 2011
Upper · Passed
Senate Floor Amendment No. 2 Assignments Refers to Special Committee on Medicaid Reform
upper
Jan 5, 2011
Committee
Senate Floor Amendment No. 3 Referred to Assignments
upper
Jan 5, 2011
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Carole Pankau
upper
Jan 5, 2011
Committee
Senate Floor Amendment No. 2 Referred to Assignments
upper
Jan 5, 2011
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Heather Steans; -Righter-Althoff
upper
Jan 5, 2011
Senate · Passed
Senate Vote: pass (47-0-1)
senate
Jan 2, 2011
Committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
upper
Nov 30, 2010
Upper · Passed
Do Pass as Amended Executive; 009-001-000
upper
Nov 30, 2010
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Nov 29, 2010
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Executive
upper
Nov 29, 2010
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Nov 29, 2010
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
upper
Nov 18, 2010
Committee
Re-referred to Executive
upper
May 7, 2010
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Apr 23, 2010
Upper · Passed
Rule 2-10 Committee Deadline Established As May 7, 2010
upper
Apr 6, 2010
Committee
Assigned to Financial Institutions
upper
Apr 6, 2010
Committee
Referred to Assignments
upper
0 primary · 7 co-sponsors

Sponsors

No sponsor information available.