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HB 3267 Illinois House · 98th Regular Session

DOT - BUSINESS LOAN PROGRAM

Summary
Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Provides that the Department of Transportation may make low-interest loans from the Working Capital Revolving Loan Fund to disadvantaged business enterprises. Establishes a loan selection committee to review applications and select eligible businesses. Provides that the Department may set eligibility requirements for loans by administrative rule. Provides limitations on the use of loan funds. Provides that loans may be made with interest. Limits the number of loans a business may receive. Provides that the Department shall give annual reports to the Governor and the General Assembly on the program. Provides that the Department's authority to issue loans expires on June 1, 2018. Amends the State Finance Act. Establishes the Working Capital Revolving Loan Fund. Provides for transfers not to exceed $3,000,000 a year, for a period of 5 years, from the Road Fund to the Working Capital Revolving Loan Fund as requested by the Secretary of Transportation. Provides that no transfer will occur if the available balance in the Working Capital Revolving Loan Fund is equal to or greater than $6,000,000. Effective July 1, 2013.
Bill status signed all 5 stages cleared
Introduction
Apr 2013
Committee Review
May 2013
House Passage
May 2013
Senate Passage
May 2013
Signed into Law
Jul 2013
Introduced Apr 11, 2013 Signed Jul 30, 2013
Floor votes · Senate May 15, 2013 · House Apr 11, 2013

How they voted

36–8
Passed · 3 other
Total votes 47
May 15, 2013
D Democratic30
29 Yea 1
96% Yea
R Republican17
7 Yea 8 Nay 2
47% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
63
Key actions
8
Committee
11
Amendments
6
Jul 30, 2013
Signed into law
Governor Approved
lower
May 15, 2013
Lower · Passed
Passed Both Houses
lower
May 2, 2013
Upper · Passed
Do Pass Executive; 013-000-000
upper
Apr 24, 2013
Committee
Assigned to Executive
upper
Apr 12, 2013
Committee
Referred to Assignments
upper
Apr 11, 2013
Introduced
Arrive in Senate
upper
Apr 11, 2013
House · Passed
House Vote: pass (59-31-9)
house
Apr 10, 2013
Lower · Passed
House Floor Amendment No. 3 Adopted
lower
Apr 9, 2013
Lower · Passed
House Floor Amendment No. 3 Recommends Be Adopted Transportation: Regulation, Roads & Bridges Committee; 013-003-000
lower
Mar 28, 2013
Lower · Passed
House Floor Amendment No. 3 Rules Refers to Transportation: Regulation, Roads & Bridges Committee
lower
Mar 22, 2013
Committee
House Floor Amendment No. 3 Referred to Rules Committee
lower
Mar 22, 2013
Introduced
House Floor Amendment No. 3 Filed with Clerk by Rep. William Davis
lower
Mar 19, 2013
Amended
House Committee Amendment No. 2 Tabled Pursuant to Rule 40
lower
Mar 19, 2013
Amended
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
lower
Mar 19, 2013
Lower · Passed
Do Pass / Short Debate Transportation: Regulation, Roads & Bridges Committee; 016-002-000
lower
Mar 19, 2013
Committee
House Committee Amendment No. 2 Referred to Rules Committee
lower
Mar 19, 2013
Introduced
House Committee Amendment No. 2 Filed with Clerk by Rep. William Davis
lower
Mar 19, 2013
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 19, 2013
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. William Davis
lower
Mar 11, 2013
Committee
Assigned to Transportation: Regulation, Roads & Bridges Committee
lower
Feb 26, 2013
Committee
Referred to Rules Committee
lower
0 primary · 6 co-sponsors

Sponsors

No sponsor information available.