Amends the Grain Code. Authorizes a claimant that is a lender to receive more than $1 million out of the Illinois Grain Insurance Fund if it meets certain requirements. Defines "lender". Effective immediately.
Creates the Emerging Technology Industries Act. Requires the Department of Commerce and Economic Opportunity to establish and maintain a program to award grants to emerging-technology enterprises in the State. Sets forth eligibility requirements and funding priorities for awarding the grants, and sets forth procedures for awarding the grants. Requires written contracts in which the emerging-technology enterprise guarantees that it will perform the actions expected to be performed. Sets dollar limits on matching funds for federal Small Business Innovative Research (SBIR) grants and total grant matching funds per year. Limits total income tax credits to $15,000,000 in any one State fiscal year. Amends the State Finance Act to create the Emerging Technology Grant Fund. Amends the Illinois Income Tax Act. Creates an income tax credit for qualified investors who make an investment in an emerging technology enterprise in the State. Provides that the Department of Commerce and Economic Opportunity must certify the amount of the credit and sets forth the procedures for the application and certification of the credit. Sets forth provisions for the revocation and recapture of the tax credit. Contains other provisions. Effective immediately.
Amends the Pyrotechnic Distributor and Operator Licensing Act. Makes a technical change in a Section concerning rules.
Amends the Pyrotechnic Use Act. Makes a technical change in a Section concerning definitions.
Amends the Illinois Power Agency Act. Makes a technical change in a Section concerning the short title.
Amends the Department of Natural Resources Act. Makes a technical change in a Section concerning definitions.
Calls on Congress and President-Elect Barack Obama to maximize the investment in expanded and improved passenger train service as part of the American Recovery and Reinvestment Plan.
Amends the Illinois Pesticide Act. Makes a technical change in a Section concerning the short title.
Amends the Livestock Management Facilities Act. Makes a technical change in a Section defining "livestock management facility".
Creates the Emerging Technology Industries Act. Requires the Department of Commerce and Economic Opportunity to establish and maintain a program to award grants to emerging-technology enterprises in the State. Sets forth eligibility requirements and funding priorities for awarding the grants, and sets forth procedures for awarding the grants. Requires written contracts in which the emerging-technology enterprise guarantees that it will perform the actions expected to be performed. Sets dollar limits on matching funds for federal Small Business Innovative Research (SBIR) grants and total grant matching funds per year. Limits total credits to $15,000,000 in any one State fiscal year. Amends the State Finance Act to create the Emerging Technology Grant Fund. Amends the Illinois Income Tax Act. Creates an income tax credit for qualified investors who make an investment in an emerging technology enterprise in the State. Provides that the Department of Commerce and Economic Opportunity must certify the amount of the credit and sets forth the procedures for the application and certification of the credit. Sets forth provisions for the revocation and recapture of the tax credit. Contains other provisions. Effective immediately.
