Illinois 94th Regular Session Status: Enacted

SB 15 — DCEO-RURAL MICROBUSINESS LOANS

Last action — Public Act . . . . . . . . . 94-0392

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 26, 2005. Enacted.

Prognosis

Likely to advance 76% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 4 sponsors

    0 primary, 4 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Rural Microbusiness Loan Program to provide $250,000 per fiscal year in loans for the establishment or support of businesses that: (i) employ 5 or fewer employees; (ii) are located in rural counties with a population of 100,000 or less; and (iii) are based on the production, processing, or marketing of agricultural products, forest products, cottage and craft products, or tourism. Limits the total amount of loans made to any borrower to $25,000 per fiscal year. Requires the Department to adopt rules concerning the administration of the program and to create a competitive application procedure. Requires a borrower to provide a certain portion of the financing for the project. Limits the term of the loan to no more than 5 years. Contains provisions concerning the interest rate, security required for the loan, and other terms. Provides that all interest generated by the loans shall be deposited into the Rural Microbusiness Loan Program Administrative Fund, a special fund in the State treasury, for the purpose of paying expenses related to the administration of the Rural Microbusiness Loan Program. Amends the State Finance Act to create the Rural Microbusiness Loan Program Administrative Fund. Effective immediately.

Bill Text

What changed in the latest version

4 added · 4 removed

Plain-language change summary

The amendment to Bill SB 15 involves the replacement of certain sections of the text, which suggests that the lawmakers have made specific adjustments to clarify the language or improve the bill's overall effectiveness. This change is important because it helps ensure that the bill meets its intended goals and addresses any concerns that may have arisen during earlier discussions. Clearer language can enhance understanding among stakeholders and the public, fostering better support and compliance.

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Previous
Latest
SB0015 Engrossed LRB094 06888 MKM 36997 b AN ACT concerning State government.
SB0015 Enrolled LRB094 06888 MKM 36997 b AN ACT concerning State government.
(i) All receipts, including dividends, principal and interest payments and royalties, from any applicable loan, intermediary, or technical assistance agreement made from the Capital Fund or from direct appropriations from the Build Illinois Bond Fund or the Build Illinois Purposes SB0015 Engrossed - 2 - LRB094 06888 MKM 36997 b Fund or the General Revenue Fund by the General Assembly entered into by the Department;
(i) All receipts, including dividends, principal and interest payments and royalties, from any applicable loan, intermediary, or technical assistance agreement made from the Capital Fund or from direct appropriations from the Build Illinois Bond Fund or the Build Illinois Purposes SB0015 Enrolled - 2 - LRB094 06888 MKM 36997 b Fund or the General Revenue Fund by the General Assembly entered into by the Department;
SB0015 Engrossed - 3 - LRB094 06888 MKM 36997 b (b) In the making of loans for rural micro-businesses, as defined below, the Department is authorized to employ different criteria in lieu of the general provisions of subsections (b), (d), (e), (f), (h), and (i) of Section 9-4.
SB0015 Enrolled - 3 - LRB094 06888 MKM 36997 b (b) In the making of loans for rural micro-businesses, as defined below, the Department is authorized to employ different criteria in lieu of the general provisions of subsections (b), (d), (e), (f), (h), and (i) of Section 9-4.
The terms and provisions may be less than required for similar loans not SB0015 Engrossed - 4 - LRB094 06888 MKM 36997 b covered by this Section.
The terms and provisions may be less than required for similar loans not SB0015 Enrolled - 4 - LRB094 06888 MKM 36997 b covered by this Section.
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Action History

  1. Public Act . . . . . . . . . 94-0392

  2. Effective Date August 1, 2005

  3. Governor Approved

  4. Sent to the Governor

  5. Added Alternate Co-Sponsor Rep. Cynthia Soto

  6. Passed Both Houses

  7. Third Reading - Short Debate - Passed 112-003-000

  8. Added Alternate Co-Sponsor Rep. Careen M Gordon

  9. Added Alternate Co-Sponsor Rep. Gary Hannig

  10. Added Alternate Chief Co-Sponsor Rep. Lisa M. Dugan

  11. Placed on Calendar Order of 3rd Reading - Short Debate

  12. Second Reading - Short Debate

  13. Added Alternate Chief Co-Sponsor Rep. Kurt M. Granberg

  14. Placed on Calendar 2nd Reading - Short Debate

  15. Do Pass / Short Debate International Trade & Commerce Committee; 013-000-000

  16. Added Alternate Chief Co-Sponsor Rep. John E. Bradley

  17. Added Alternate Chief Co-Sponsor Rep. Daniel V. Beiser

  18. Assigned to International Trade & Commerce Committee

  19. Referred to Rules Committee

  20. First Reading

  21. Chief House Sponsor Rep. Robert F. Flider

  22. Placed on Calendar Order of First Reading

  23. Arrived in House

  24. Third Reading - Passed; 058-000-000

  25. Placed on Calendar Order of 3rd Reading

  26. Senate Floor Amendment No. 1 Adopted; J. Sullivan

  27. Recalled to Second Reading

  28. Added as Chief Co-Sponsor Sen. Martin A. Sandoval

  29. Senate Floor Amendment No. 1 Recommend Do Adopt Agriculture & Conservation; 007-000-000

  30. Senate Floor Amendment No. 1 Rules Refers to Agriculture & Conservation

  31. Placed on Calendar Order of 3rd Reading April 12, 2005

  32. Second Reading

  33. Added as Co-Sponsor Sen. Arthur J. Wilhelmi

  34. Senate Floor Amendment No. 1 Referred to Rules

  35. Senate Floor Amendment No. 1 Filed with Secretary by Sen. John M. Sullivan

  36. Added as Co-Sponsor Sen. Antonio Munoz

  37. Fiscal Note Filed from the Illinois Department of Commerce and Economic Opportunity.

  38. Sponsor Removed Sen. Martin A. Sandoval

  39. Added as Co-Sponsor Sen. Martin A. Sandoval

  40. Added as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg

  41. Fiscal Note Requested by Sen. Dale A. Righter

  42. Placed on Calendar Order of 2nd Reading March 1, 2005

  43. Do Pass Agriculture & Conservation; 008-000-000

  44. Added as Chief Co-Sponsor Sen. Deanna Demuzio

  45. Held in Agriculture & Conservation

  46. Assigned to Agriculture & Conservation

  47. Referred to Rules

  48. First Reading

  49. Filed with Secretary by Sen. John M. Sullivan

Sponsors

  • John M. Sullivan · Cosponsor
  • Gary Hannig · Cosponsor
  • Careen M Gordon · Cosponsor
  • Cynthia Soto · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 4 co-sponsors · 179 not signed on

Sponsors (0)

None.

Co-sponsors (4)

  • John M. Sullivan
  • Gary Hannig
  • Careen M Gordon
  • Cynthia Soto

Not signed on (179)

179 members have not signed on to this bill.

Show all 179 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 112 Yea · 3 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 100303
Democrat 9000
Republican 3000
Total 112303
% of votes cast 95%3%0%3%
How each member voted (118)
Member Party Vote
Sacia — Yea
Saviano — Yea
Schmitz — Yea
Schock — Yea
Sommer — Yea
Soto — Yea
Winters — Yea
Leitch — Yea
Acevedo — Yea
Bassi — Yea
Mathias — Yea
Beaubien — Yea
Beiser — Yea
Bellock — Yea
Berrios — Yea
Biggins — Yea
Mautino — Yea
Black — Yea
Boland — Yea
May — Yea
Bost — Yea
Brauer — Yea
Brosnahan — Yea
Mendoza — Yea
Churchill — Yea
Colvin — Yea
Moffitt — Yea
Coulson — Not Voting
Munson — Yea
Graham — Yea
Hassert — Yea
Hultgren — Yea
Jefferson — Yea
Jenisch — Yea
Osmond — Yea
Lang — Yea
Lindner — Yea
McAuliffe — Yea
McCarthy — Yea
Bailey — Yea
Lyons, Eileen — Yea
Reitz — Yea
Lyons, Joseph — Yea
McGuire — Yea
Dugan — Yea
Dunkin — Yea
Dunn — Yea
Eddy — Yea
Flider — Yea
Flowers — Yea
Franks — Yea
Fritchey — Yea
Froehlich — Yea
Krause — Yea
Bradley, John — Yea
Madigan — Yea
Bradley, Richard — Yea
McKeon — Not Voting
Brady — Yea
Meyer — Yea
Millner — Yea
Molaro — Yea
Mulligan — Nay
Mitchell, Bill — Yea
Hannig — Yea
Burke — Yea
Sullivan — Yea
Mitchell, Jerry — Yea
Myers — Yea
Nekritz — Yea
Parke — Yea
Phelps — Yea
Pihos — Nay
Howard — Yea
Scully — Yea
Tenhouse — Yea
Tryon — Yea
Watson — Yea
Turner — Yea
Jones — Yea
Verschoore — Yea
Wait — Yea
Washington — Yea
Davis, Monique — Yea
Yarbrough — Yea
Chavez — Yea
Cross — Yea
Cultra — Yea
Currie — Yea
D'Amico — Yea
Daniels — Yea
Giles — Yea
Gordon — Yea
Granberg — Yea
Hamos — Yea
Holbrook — Yea
Jakobsson — Yea
Kosel — Nay
Younge — Yea
Osterman — Yea
Patterson — Yea
Poe — Not Voting
Pritchard — Yea
Reis — Yea
Ryg — Yea
Chapa LaVia — Yea
Eva-Dina Delgado Democrat Yea
Jay Hoffman Democrat Yea
Lakesia Collins Democrat Yea
Michael J. Kelly Democrat Yea
Nicholas K. Smith Democrat Yea
Patrick J. Joyce Democrat Yea
Robert "Bob" Rita Democrat Yea
Sara Feigenholtz Democrat Yea
William "Will" Davis Democrat Yea
Brad Stephens Republican Yea
Chapin Rose Republican Yea
Chris Miller Republican Yea

Official roll call →

Third Reading

Passed 58 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 52001
Democrat 5000
Republican 1000
Total 58001
% of votes cast 98%0%0%2%
How each member voted (59)
Member Party Vote
Sandoval — Yea
Silverstein — Yea
Luechtefeld — Yea
Althoff — Yea
Bomke — Yea
Burzynski — Yea
Meeks — Yea
Halvorson — Yea
Martinez — Yea
Peterson — Yea
Radogno — Yea
Schoenberg — Yea
Shadid — Yea
Sieben — Yea
Trotter — Yea
Viverito — Yea
Munoz — Yea
Brady — Yea
Wilhelmi — Yea
Sullivan, D. — Yea
Sullivan, J. — Yea
Petka — Yea
Jacobs — Yea
Jones, J. — Yea
Cullerton — Yea
Watson — Yea
Jones, W. — Yea
Clayborne — Yea
Cronin — Yea
Crotty — Yea
Dahl — Yea
Garrett — Yea
Geo-Karis — Yea
Haine — Yea
Demuzio — Yea
Lauzen — Yea
Link — Yea
Maloney — Yea
Winkel — Yea
Wojcik — Yea
DeLeo — Yea
Dillard — Yea
Forby — Yea
Hendon — Not Voting
Pankau — Yea
Raoul — Yea
Rauschenberger — Yea
Righter — Yea
Risinger — Yea
Ronen — Yea
Roskam — Yea
Rutherford — Yea
del Valle — Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Subjects

finance labor agriculture
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 15 do?
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Rural Microbusiness Loan Program to provide $250,000 per fiscal year in loans for the establishment or support of businesses that: (i) employ 5 or fewer employees; (ii) are located in rural counties with a population of 100,000 or less; and (iii) are based on the production, processing, or marketing of agricultural products, forest products, cottage and craft products, or tourism. Limits the total amount of loans made to any borrower to $25,000 per fiscal year. Requires the Department to adopt rules concerning the administration of the program and to create a competitive application procedure. Requires a borrower to provide a certain portion of the financing for the project. Limits the term of the loan to no more than 5 years. Contains provisions concerning the interest rate, security required for the loan, and other terms. Provides that all interest generated by the loans shall be deposited into the Rural Microbusiness Loan Program Administrative Fund, a special fund in the State treasury, for the purpose of paying expenses related to the administration of the Rural Microbusiness Loan Program. Amends the State Finance Act to create the Rural Microbusiness Loan Program Administrative Fund. Effective immediately.
Who sponsors SB 15?
SB 15 is sponsored by John M. Sullivan, Gary Hannig, Careen M Gordon, and Cynthia Soto.
What is the current status of SB 15?
This bill has been enacted into law. Introduced January 26, 2005. Enacted.
Where can I track SB 15?
Track SB 15 free on One Click Politics — get push/email alerts when it moves.

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