Amends the Technology Development Act. Authorizes the State Treasurer to segregate up to 3% of the Treasurer's investment portfolio in the Technology Development Account IIa. Authorizes investments from the account to provide venture capital to help attract, assist, and retain quality technology businesses in Illinois. Provides that the Treasurer may solicit proposals from entities to manage and be the General Partner of Technology Development Account IIb, a separate fund consisting of investments from private sector investors that must invest, at the direction of the Treasurer, in tandem with TDA IIa. Sets restrictions and conditions. Effective immediately.
Sponsored bills
Amends the School Code. Makes a technical change in a Section concerning the School Code's construction.
Amends the Liquor Control Act of 1934. Makes a technical change in a Section concerning the short title.
Congratulates Joseph Fijak on his 50th birthday.
Congratulates Samantha Dehner on her graduation from Northern Illinois University. Samantha is a survivor of the February 2008 shooting that took place on the Northern Illinois University campus.
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning court costs.
Congratulates Linda Jackson on the occasion of her 20 years of dedicated service on the Glendale Heights Village Board, of which 10 years served as the Glendale Heights Village President.
Amends the School Code. Makes a technical change in a Section concerning the School Code's construction.
Amends the High Risk Home Loan Act. Provides that "high risk home loan" does not include a loan for reverse mortgage financing of residential real estate, including under programs regulated by the Federal Housing Administration (FHA).
Amends the High Risk Home Loan Act. Provides that the term "points and fees" does not include fees paid to the United States Department of Veterans Affairs required by law, fees paid to the Federal Housing Administration required by law, or fees paid to the United States Department of Agriculture's Rural Development Loan Program required by law.