Sign Up
SB 107 Illinois Senate · 97th Regular Session

FINANCE-TECHNOLOGY ACCOUNT

Summary
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.
Bill status signed all 5 stages cleared
Introduction
Feb 2011
Committee Review
May 2011
Senate Passage
May 2011
House Passage
May 2011
Signed into Law
Jul 2011
Introduced Feb 17, 2011 Signed Jul 25, 2011
Floor votes · Senate May 31, 2011 · House May 31, 2011

How they voted

46–0
Passed · 1 other
Total votes 47
May 31, 2011
D Democratic28
28 Yea
100% Yea
R Republican19
18 Yea 1
94% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
100
Key actions
8
Committee
8
Amendments
4
Jul 25, 2011
Signed into law
Governor Approved
upper
May 31, 2011
Upper · Passed
Passed Both Houses
upper
May 31, 2011
Upper · Passed
House Committee Amendment No. 1 Senate Concurs 058-000-000
upper
May 31, 2011
Upper · Passed
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt State Government and Veterans Affairs; 007-000-000
upper
May 31, 2011
Committee
House Committee Amendment No. 1 Motion to Concur Assignments Referred to State Government and Veterans Affairs
upper
May 31, 2011
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
upper
May 31, 2011
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2011
upper
May 31, 2011
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1
upper
May 25, 2011
Lower · Passed
Do Pass as Amended / Short Debate Executive Committee; 011-000-000
lower
May 25, 2011
Lower · Passed
House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
lower
May 23, 2011
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Executive Committee
lower
May 13, 2011
Lower · Passed
Committee Deadline Extended-Rule 9(b) May 20, 2011
lower
May 5, 2011
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
May 5, 2011
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Daniel Biss
lower
0 primary · 69 co-sponsors

Sponsors

No sponsor information available.