Illinois 96th Regular Session Status: Enacted

SB 265 — FINANCE-TECHNOLOGY ACCOUNT

Last action — Public Act . . . . . . . . . 96-0150

  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 February 04, 2009. Enacted.

Prognosis

Likely to advance 80% · 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.

  • 12 sponsors

    0 primary, 12 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 4 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 Technology Development Act. Authorizes the State Treasurer to segregate up to 2% 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. Contains provisions concerning soliciting proposals from entities to manage and be the General Partner of Technology Development Account IIb, consisting of investments from the private sector that must invest, at the direction of the Treasurer, in tandem with TDA IIa. Sets restrictions and conditions. Effective immediately.

Bill Text

What changed in the latest version

298 added · 94 removed

Plain-language change summary

The latest amendment to SB 265 includes a significant change by adding provisions for transferring funds from various special accounts into the General Revenue Fund to help improve its financial stability. This change, contingent upon another bill (SB 1433) becoming law, specifies how much money will be moved from each fund, which is essential for maintaining the integrity of these special funds while supporting the state's overall budget. Conversely, the previous version included a section for establishing a Technology Development Account that is no longer part of the bill, potentially impacting future investments in technology within the state. These updates are important as they reflect the state’s shifting financial priorities and responsiveness to fiscal needs.

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SB0265 Engrossed LRB096 01715 RCE 11723 b AN ACT concerning finance.
SB0265 Enrolled LRB096 01715 RCE 11723 b AN ACT concerning finance.
The Technology Development Act is amended by adding Section 11 as follows:
If and only if Senate Bill 1433 of the 96th General Assembly becomes law, then the State Finance Act is amended by changing Section 8.49 as follows:
(30 ILCS 265/11 new) Sec.
(30 ILCS 105/8.49) Sec.
11.
8.49.
Technology Development Account II.
Special fund transfers.
(a) In addition to the amount provided in Section 10 of this Act, the State Treasurer may segregate a portion of the Treasurer's investment portfolio, that at no time shall be greater than 2% of the portfolio, in the Technology Development Account IIa ("TDA IIa"), an account that shall be maintained separately and apart from other moneys invested by the Treasurer.
(a) In order to maintain the integrity of special funds and improve stability in the General Revenue Fund, the following transfers are authorized from the designated funds into the General Revenue Fund:
Distributions from the investments in TDA IIa may be reinvested into TDA IIa without being counted against the 2% cap.
Food and Drug Safety Fund ..........................
The Treasurer may make investments from TDA IIa that help attract, assist, and retain quality technology businesses in Illinois.
$6,800 Penny Severns Breast, Cervical, and Ovarian Cancer Research Fund ................
The earnings on TDA IIa shall be accounted for separately from other investments made by the Treasurer.
$33,300 Transportation Regulatory Fund ................
(b) The Treasurer may solicit proposals from entities to manage and be the General Partner of a separate fund ("Technology Development Account IIb" or "TDA IIb") consisting of investments from private sector investors that must invest, SB0265 Engrossed - 2 - LRB096 01715 RCE 11723 b at the direction of the Treasurer, in tandem with TDA IIa in a pro-rata portion.
$2,122,000 General Professions Dedicated Fund ............
The Treasurer may enter into an agreement with the entity managing TDA IIb to advise on the investment strategy of TDA IIa and TDA IIb (collectively "Technology Development Account II" or "TDA II") and fulfill other mutually agreeable terms.
$3,511,900 Economic Research and Information Fund ............
Funds in TDA IIb shall be kept separate and apart from moneys in the State treasury.
$1,120 Illinois Department of Agriculture Laboratory Services Revolving Fund ..........
(c) Moneys in TDA IIa may be invested by the State Treasurer to provide venture capital to technology businesses seeking to locate, expand, or remain in Illinois by placing money with Illinois venture capital firms for investment by the venture capital firms in technology businesses.
$12,825 Drivers Education Fund ........................
"Venture capital", as used in this Section, means equity financing that is provided for starting up, expanding, or relocating a company, or related purposes such as financing for seed capital, research and development, introduction of a product or process into the marketplace, or similar needs requiring risk capital.
$2,244,000 Aeronautics Fund ................................
"Technology business", as used in this Section, means a company that has as its principal function the providing of services, including computer, information transfer, communication, distribution, processing, administrative, laboratory, experimental, developmental, technical, or testing services, manufacture of goods or materials, the processing of goods or materials by physical or chemical change, computer related activities, robotics, biological or pharmaceutical industrial activity, or technology oriented or emerging SB0265 Engrossed - 3 - LRB096 01715 RCE 11723 b industrial activity.
$25,360 Fire Prevention Fund ........................
"Illinois venture capital firm", as used in this Section, means an entity that has a majority of its employees in Illinois or that has at least one managing partner or member of the general partner domiciled in Illinois, and that provides equity financing for starting up or expanding a company, or related purposes such as financing for seed capital, research and development, introduction of a product or process into the marketplace, or similar needs requiring risk capital.
$10,400,000 SB0265 Enrolled - 2 - LRB096 01715 RCE 11723 b Rural/Downstate Health Access Fund ................
"Illinois venture capital firm" may also mean an entity that has a track record of identifying, evaluating, and investing in Illinois companies and that provides equity financing for starting up or expanding a company, or related purposes such as financing for seed capital, research and development, introduction of a product or process into the marketplace, or similar needs requiring risk capital.
$1,700 Mental Health Fund ..........................
For purposes of this Section, "track record" means having made, on average, at least one investment in an Illinois company in each of its funds if the Illinois venture capital firm has multiple funds or at least 2 investments in Illinois companies if the Illinois venture capital firm has only one fund.
$24,560,000 Illinois State Pharmacy Disciplinary Fund ......
In no case shall more than 10% of the capital in the TDA IIa be invested in firms based outside of Illinois.
$2,054,100 Public Utility Fund ..............................
(d) Any fund created by an Illinois venture capital firm in which the State Treasurer places money pursuant to this Section shall be required by the State Treasurer to seek investments in technology businesses seeking to locate, expand, or remain in SB0265 Engrossed - 4 - LRB096 01715 RCE 11723 b Illinois.
$960,175 Alzheimer's Disease Research Fund ................
(e) Notwithstanding the limitation found in subsection (d) of Section 10 of this Act, the investment of the State Treasurer in any fund created by an Illinois venture capital firm in which the State Treasurer places money pursuant to this Section shall not exceed 15% of the total investments in the fund.
$112,500 Radiation Protection Fund ........................
(f) The State Treasurer shall not invest more than one-third of Technology Development Account II in any given calendar year.
$92,250 Natural Heritage Endowment Trust Fund ............
If in any calendar year less than one-third of Technology Development Account II is invested, 50% of the shortfall may be invested in the following calendar year in addition to the regular one-third investment.
$250,000 Firearm Owner's Notification Fund ................
(g) The Treasurer may deposit no more than 10% of the earnings of the investments in the Technology Development Account IIa into the Technology Development Fund.
$256,400 EPA Special State Projects Trust Fund ..........
Section 99.
$3,760,000 Solid Waste Management Fund ....................
$1,200,000 Illinois Gaming Law Enforcement Fund ............
$141,000 Subtitle D Management Fund ......................
$375,000 Illinois State Medical Disciplinary Fund ....
$11,277,200 Cemetery Consumer Protection Fund ................
$658,000 Assistance to the Homeless Fund ..................
$13,800 Accessible Electronic Information Service Fund ................................
$10,000 CDLIS/AAMVAnet Trust Fund ........................
$110,000 Comptroller's Audit Expense Revolving Fund ......
$31,200 Community Health Center Care Fund ................
$450,000 Safe Bottled Water Fund ..........................
$15,000 Facility Licensing Fund ..........................
$363,600 Hansen-Therkelsen Memorial Deaf Student College Fund ........................
$503,700 Illinois Underground Utility Facilities Damage Prevention Fund ......................
$29,600 SB0265 Enrolled - 3 - LRB096 01715 RCE 11723 b School District Emergency Financial Assistance Fund............................
$2,059,200 Mental Health Transportation Fund ....................
Show all 213 changed rows (173 more)
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$859 Registered Certified Public Accountants' Administration and Disciplinary Fund ........
$34,600 State Crime Laboratory Fund ......................
$142,880 Agrichemical Incident Response Trust Fund ........
$80,000 General Assembly Computer Equipment Revolving Fund ..............................
$101,600 Weights and Measures Fund ........................
$625,000 Illinois School Asbestos Abatement Fund ..........
$299,600 Injured Workers' Benefit Fund ..................
$3,290,560 Violence Prevention Fund ........................
$79,500 Professional Regulation Evidence Fund ..............
$5,000 IPTIP Administrative Trust Fund ..................
$500,000 Diabetes Research Checkoff Fund ....................
$8,800 Ticket For The Cure Fund ......................
$1,200,000 Capital Development Board Revolving Fund ........
$346,000 Professions Indirect Cost Fund ................
$2,144,500 State Police DUI Fund ............................
$166,880 Medicaid Fraud and Abuse Prevention Fund ........
$20,000 Illinois Health Facilities Planning Fund ......
$1,392,400 Emergency Public Health Fund ....................
$875,000 TOMA Consumer Protection Fund ....................
$50,000 ISAC Accounts Receivable Fund ....................
$24,240 Fair and Exposition Fund ......................
$1,257,920 SB0265 Enrolled - 4 - LRB096 01715 RCE 11723 b Department of Labor Special State Trust Fund......
$409,000 Public Health Water Permit Fund ..................
$24,500 Nursing Dedicated and Professional Fund ........
$9,988,400 Optometric Licensing and Disciplinary Board Fund ..................................
$995,800 Water Revolving Fund ..............................
$4,960 Methamphetamine Law Enforcement Fund ............
$50,000 Long Term Care Monitor/Receiver Fund ..........
$1,700,000 Home Care Services Agency Licensure Fund ........
$48,000 Community Water Supply Laboratory Fund ..........
$600,000 Motor Fuel and Petroleum Standards Fund ..........
$41,416 Fertilizer Control Fund ..........................
$162,520 Regulatory Fund..................................
$307,824 Used Tire Management Fund ......................
$8,853,552 Natural Areas Acquisition Fund ................
$1,000,000 Working Capital Revolving Fund ................
$6,450,000 Tax Recovery Fund ................................
$29,680 Professional Services Fund ....................
$3,500,000 Treasurer's Rental Fee Fund ......................
$155,000 Public Health Laboratory Services Revolving Fund ..............................
$450,000 Provider Inquiry Trust Fund ......................
$200,000 Audit Expense Fund ............................
$5,972,190 Law Enforcement Camera Grant Fund ..............
$2,631,840 Child Labor and Day and Temporary Labor Services Enforcement Fund ....................
$490,000 SB0265 Enrolled - 5 - LRB096 01715 RCE 11723 b Lead Poisoning Screening, Prevention, and Abatement Fund ..........................
$100,000 Health and Human Services Medicaid Trust Fund ................................
$6,920,000 Prisoner Review Board Vehicle and Equipment Fund ..............................
$147,900 Drug Treatment Fund ............................
$4,400,000 Feed Control Fund ................................
$625,000 Tanning Facility Permit Fund ....................
$20,000 Innovations in Long-Term Care Quality Demonstration Grants Fund ....................
$300,000 Plumbing Licensure and Program Fund ............
$1,585,600 State Treasurer's Bank Services Trust Fund ....
$6,800,000 State Police Motor Vehicle Theft Prevention Trust Fund ........................
$46,500 Insurance Premium Tax Refund Fund ................
$58,700 Appraisal Administration Fund ....................
$378,400 Small Business Environmental Assistance Fund ....
$24,080 Regulatory Evaluation and Basic Enforcement Fund ............................
$125,000 Gaining Early Awareness and Readiness for Undergraduate Programs Fund ..............
$15,000 Trauma Center Fund ............................
$4,000,000 EMS Assistance Fund ..............................
$110,000 State College and University Trust Fund ..........
$20,204 University Grant Fund ..............................
$5,608 SB0265 Enrolled - 6 - LRB096 01715 RCE 11723 b DCEO Projects Fund ............................
$1,000,000 Alternate Fuels Fund ..........................
$2,000,000 Multiple Sclerosis Research Fund ................
$27,200 Livestock Management Facilities Fund ............
$81,920 Second Injury Fund ..............................
$615,680 Agricultural Master Fund ........................
$136,984 High Speed Internet Services and Information Technology Fund ................
$3,300,000 Illinois Tourism Tax Fund ........................
$250,000 Human Services Priority Capital Program Fund ..
$7,378,400 Warrant Escheat Fund ..........................
$1,394,161 State Asset Forfeiture Fund ......................
$321,600 Police Training Board Services Fund ................
$8,000 Federal Asset Forfeiture Fund ......................
$1,760 Department of Corrections Reimbursement and Education Fund ..........................
$250,000 Health Facility Plan Review Fund ..............
$1,543,600 Domestic Violence Abuser Services Fund ..........
$11,500 LEADS Maintenance Fund ..........................
$166,800 State Offender DNA Identification System Fund..................................
$615,040 Illinois Historic Sites Fund ....................
$250,000 Comptroller's Administrative Fund ................
$134,690 Public Pension Regulation Fund ................
$1,000,000 Workforce, Technology, and Economic Development................................
$2,000,000 SB0265 Enrolled - 7 - LRB096 01715 RCE 11723 b Pawnbroker Regulation Fund ......................
$26,400 Renewable Energy Resources Trust Fund ........
$13,408,328 Charter Schools Revolving Loan Fund ..............
$82,000 School Technology Revolving Loan Fund ..........
$1,230,000 Energy Efficiency Trust Fund ..................
$1,490,000 Pesticide Control Fund ..........................
$625,000 Juvenile Accountability Incentive Block Grant Fund ..................................
$10,000 Multiple Sclerosis Assistance Fund ................
$8,000 Temporary Relocation Expenses Revolving Grant Fund ..................................
$460,000 Partners for Conservation Fund ................
$8,200,000 Fund For Illinois' Future ......................
$3,000,000 Wireless Carrier Reimbursement Fund ..........
$13,650,000 International Tourism Fund ....................
$5,043,344 Illinois Racing Quarterhorse Breeders Fund ........
$1,448 Death Certificate Surcharge Fund ................
$900,000 State Police Wireless Service Emergency Fund ............................
$1,329,280 Illinois Adoption Registry and Medical Information Exchange Fund ..............
$8,400 Auction Regulation Administration Fund ..........
$361,600 DHS State Projects Fund ..........................
$193,900 Auction Recovery Fund ..............................
$4,600 Motor Carrier Safety Inspection Fund ............
$389,840 Coal Development Fund ............................
$320,000 SB0265 Enrolled - 8 - LRB096 01715 RCE 11723 b State Off-Set Claims Fund ........................
$400,000 Illinois Student Assistance Commission Contracts and Grants Fund ....................
$128,850 DHS Private Resources Fund ....................
$1,000,000 Assisted Living and Shared Housing Regulatory Fund..............................
$122,400 State Police Whistleblower Reward and Protection Fund ........................
$3,900,000 Illinois Standardbred Breeders Fund ..............
$134,608 Post Transplant Maintenance and Retention Fund ..............................
$85,800 Spinal Cord Injury Paralysis Cure Research Trust Fund ..........................
$300,000 Organ Donor Awareness Fund ......................
$115,000 Community Mental Health Medicaid Trust Fund ....
$1,030,900 Illinois Clean Water Fund ......................
$8,649,600 Tobacco Settlement Recovery Fund ............
$10,000,000 Alternative Compliance Market Account Fund ........
$9,984 Group Workers' Compensation Pool Insolvency Fund..............................
$42,800 Medicaid Buy-In Program Revolving Fund ........
$1,000,000 Home Inspector Administration Fund ............
$1,225,200 Real Estate Audit Fund ............................
$1,200 Marine Corps Scholarship Fund ....................
$69,000 Tourism Promotion Fund ......................
$30,000,000 Oil Spill Response Fund ............................
$4,800 SB0265 Enrolled - 9 - LRB096 01715 RCE 11723 b Presidential Library and Museum Operating Fund ..............................
$169,900 Nuclear Safety Emergency Preparedness Fund ....
$6,000,000 DCEO Energy Projects Fund ......................
$2,176,200 Dram Shop Fund ..................................
$500,000 Illinois State Dental Disciplinary Fund ..........
$187,300 Hazardous Waste Fund ............................
$800,000 Natural Resources Restoration Trust Fund ..........
$7,700 State Fair Promotional Activities Fund ............
$1,672 Continuing Legal Education Trust Fund ............
$10,550 Environmental Protection Trust Fund ..............
$625,000 Real Estate Research and Education Fund ........
$1,081,000 Federal Moderate Rehabilitation Housing Fund ................................
$44,960 Domestic Violence Shelter and Service Fund ......
$55,800 Snowmobile Trail Establishment Fund ................
$5,300 Drug Traffic Prevention Fund ....................
$11,200 Traffic and Criminal Conviction Surcharge Fund ............................
$5,400,000 Design Professionals Administration and Investigation Fund ......................
$73,200 Public Health Special State Projects Fund ......
$1,900,000 Petroleum Violation Fund ..........................
$1,080 State Police Services Fund ....................
$7,082,080 Illinois Wildlife Preservation Fund ................
$9,900 Youth Drug Abuse Prevention Fund ................
$133,500 SB0265 Enrolled - 10 - LRB096 01715 RCE 11723 b Insurance Producer Administration Fund ......
$13,820,000 Coal Technology Development Assistance Fund ....
$1,856,000 Child Abuse Prevention Fund ......................
$250,000 Hearing Instrument Dispenser Examining and Disciplinary Fund ........................
$50,400 Low-Level Radioactive Waste Facility Development and Operation Fund ............
$1,000,000 Environmental Protection Permit and Inspection Fund..............................
$755,775 Landfill Closure and Post-Closure Fund ............
$2,480 Narcotics Profit Forfeiture Fund ................
$86,900 Illinois State Podiatric Disciplinary Fund ......
$200,000 Vehicle Inspection Fund ........................
$5,000,000 Local Tourism Fund ..........................
$10,999,280 Illinois Capital Revolving Loan Fund ..........
$3,856,904 Illinois Equity Fund ..............................
$3,520 Large Business Attraction Fund ..................
$13,560 International and Promotional Fund ..............
$42,040 Public Infrastructure Construction Loan Revolving Fund ........................
$2,811,232 Insurance Financial Regulation Fund ............
$7,531,180 TOTAL $356,038,973 All of these transfers shall be made in equal quarterly installments with the first made on July 1, 2009, or as soon thereafter as practical, and with the remaining transfers to be made on October 1, January 1, and April 1, or as soon SB0265 Enrolled - 11 - LRB096 01715 RCE 11723 b thereafter as practical.
These transfers shall be made notwithstanding any other provision of State law to the contrary.
(b) On and after the effective date of this amendatory Act of the 96th General Assembly through June 30, 2010, when any of the funds listed in subsection (a) have insufficient cash from which the State Comptroller may make expenditures properly supported by appropriations from the fund, then the State Treasurer and State Comptroller shall transfer from the General Revenue Fund to the fund only such amount as is immediately necessary to satisfy outstanding expenditure obligations on a timely basis, subject to the provisions of the State Prompt Payment Act.
All or a portion of the amounts transferred from the General Revenue Fund to a fund pursuant to this subsection (b) from time to time may be re-transferred by the State Comptroller and the State Treasurer from the receiving fund into the General Revenue Fund as soon as and to the extent that deposits are made into or receipts are collected by the receiving fund.
(c) If the Director of the Governor's Office of Management and Budget determines that any transfer to the General Revenue Fund from a special fund under subsection (a) either (i) jeopardizes federal funding based on a written communication from a federal official or (ii) violates an order of a court of competent jurisdiction, then the Director may order the State Treasurer and State Comptroller, in writing, to transfer from SB0265 Enrolled - 12 - LRB096 01715 RCE 11723 b the General Revenue Fund to that listed special fund all or part of the amounts transferred from that special fund under subsection (a).
(Source:
09600SB1433enr.) Section 99.
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Action History

  1. Public Act . . . . . . . . . 96-0150

  2. Effective Date August 7, 2009

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. House Floor Amendment No. 2 Senate Concurs 055-003-000

  7. House Committee Amendment No. 1 Senate Concurs 055-003-000

  8. 3/5 Vote Required

  9. Sponsor Removed Sen. Michael Bond

  10. House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 010-002-000

  11. House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 010-002-000

  12. House Floor Amendment No. 2 Motion to Concur Assignments Referred to Executive

  13. House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive

  14. House Floor Amendment No. 2 Motion to Concur Referred to Assignments

  15. House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Donne E. Trotter

  16. House Committee Amendment No. 1 Motion to Concur Referred to Assignments

  17. House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Donne E. Trotter

  18. Chief Sponsor Changed to Sen. Donne E. Trotter

  19. Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - June 30, 2009

  20. Secretary's Desk - Concurrence House Amendment(s) 1, 2

  21. Legislation Considered in Special Session No. 1

  22. Alternate Co-Sponsor Removed Rep. Raymond Poe

  23. Alternate Co-Sponsor Removed Rep. Bob Biggins

  24. Added Alternate Chief Co-Sponsor Rep. David E. Miller

  25. Alternate Chief Sponsor Changed to Rep. Frank J. Mautino

  26. House Floor Amendment No. 3 Tabled Pursuant to Rule 40(a)

  27. Third Reading - Short Debate - Passed 093-018-000

  28. 3/5 Vote Required

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

  30. House Floor Amendment No. 2 Adopted by Voice Vote

  31. Alternate Co-Sponsor Removed Rep. Careen M. Gordon

  32. House Floor Amendment No. 2 Recommends Be Adopted Executive Committee; 010-000-000

  33. Sponsor Removed Sen. Kirk W. Dillard

  34. House Floor Amendment No. 3 Referred to Rules Committee

  35. House Floor Amendment No. 3 Filed with Clerk by Rep. Donald L. Moffitt

  36. Alternate Chief Co-Sponsor Removed Rep. Tom Cross

  37. House Floor Amendment No. 2 Rules Refers to Executive Committee

  38. House Floor Amendment No. 2 Referred to Rules Committee

  39. House Floor Amendment No. 2 Filed with Clerk by Rep. Frank J. Mautino

  40. Placed on Calendar 2nd Reading - Short Debate

  41. Approved for Consideration Rules Committee; 004-000-000

  42. Final Action Deadline Extended-9(b) June 30, 2009

  43. Legislation Considered in Special Session No. 1

  44. Rule 19(a) / Re-referred to Rules Committee

  45. Added as Co-Sponsor Sen. Kirk W. Dillard

  46. Held on Calendar Order of Second Reading - Short Debate

  47. Second Reading - Short Debate

  48. Placed on Calendar 2nd Reading - Short Debate

  49. Do Pass as Amended / Short Debate Executive Committee; 007-004-000

  50. House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote

  51. House Committee Amendment No. 1 Filed with Clerk by Executive Committee

  52. Motion to Suspend Rule 25 - Prevailed by Voice Vote

  53. Motion Filed to Suspend Rule 25 Executive Committee; Rep. Barbara Flynn Currie

  54. Assigned to Executive Committee

  55. Final Action Deadline Extended-9(b) May 31, 2009

  56. Rule 19(a) / Re-referred to Rules Committee

  57. Added Alternate Co-Sponsor Rep. Daniel J. Burke

  58. Added Alternate Co-Sponsor Rep. Jehan A. Gordon

  59. Added Alternate Co-Sponsor Rep. William B. Black

  60. Added Alternate Co-Sponsor Rep. Lou Lang

  61. Added Alternate Co-Sponsor Rep. Raymond Poe

  62. Added Alternate Co-Sponsor Rep. Bob Biggins

  63. Added Alternate Co-Sponsor Rep. Elizabeth Hernandez

  64. Added Alternate Co-Sponsor Rep. Linda Chapa LaVia

  65. Added Alternate Co-Sponsor Rep. Edward J. Acevedo

  66. Added Alternate Co-Sponsor Rep. Luis Arroyo

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

  68. Added Alternate Co-Sponsor Rep. Kathleen A. Ryg

  69. Added Alternate Co-Sponsor Rep. Renée Kosel

  70. Added Alternate Co-Sponsor Rep. Naomi D. Jakobsson

  71. Added Alternate Chief Co-Sponsor Rep. Arthur L. Turner

  72. Added Alternate Chief Co-Sponsor Rep. Maria Antonia Berrios

  73. Added Alternate Chief Co-Sponsor Rep. John A. Fritchey

  74. Added Alternate Chief Co-Sponsor Rep. Tom Cross

  75. Assigned to Executive Committee

  76. Referred to Rules Committee

  77. First Reading

  78. Chief House Sponsor Rep. David E. Miller

  79. Placed on Calendar Order of First Reading

  80. Arrived in House

  81. Third Reading - Passed; 059-000-000

  82. Added as Co-Sponsor Sen. A. J. Wilhelmi

  83. Added as Chief Co-Sponsor Sen. Heather Steans

  84. Added as Co-Sponsor Sen. Michael Bond

  85. Placed on Calendar Order of 3rd Reading ** April 2, 2009

  86. Placed on Calendar Order of 3rd Reading March 24, 2009

  87. Second Reading

  88. Added as Chief Co-Sponsor Sen. Don Harmon

  89. Placed on Calendar Order of 2nd Reading March 4, 2009

  90. Do Pass Commerce; 009-000-000

  91. Added as Chief Co-Sponsor Sen. Emil Jones, III

  92. Assigned to Commerce

  93. Added as Chief Co-Sponsor Sen. Dan Kotowski

  94. Referred to Assignments

  95. First Reading

  96. Filed with Secretary by Sen. Jeffrey M. Schoenberg

Sponsors

  • Lisa Hernandez · Cosponsor
  • Donne E. Trotter · Cosponsor
  • Naomi D. Jakobsson · Cosponsor
  • Renée Kosel · Cosponsor
  • Kathleen A. Ryg · Cosponsor
  • Luis Arroyo · Cosponsor
  • Edward J. Acevedo · Cosponsor
  • Lou Lang · Cosponsor
  • William B. Black · Cosponsor
  • Jehan A. Gordon · Cosponsor
  • Daniel J. Burke · Cosponsor
  • Chapa LaVia · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 12 co-sponsors · 171 not signed on · 2 voted No

Sponsors (0)

None.

Co-sponsors (12)

  • Hernandez, Lisa
  • Donne E. Trotter
  • Naomi D. Jakobsson
  • Renée Kosel
  • Kathleen A. Ryg
  • Luis Arroyo
  • Edward J. Acevedo
  • Lou Lang
  • William B. Black
  • Jehan A. Gordon
  • Daniel J. Burke
  • Chapa LaVia

Not signed on (171)

171 members have not signed on to this bill.

Show all 171 →

"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

Concurrence

Passed 55 Yea · 3 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 9000
Unaffiliated 45301
Republican 1000
Total 55301
% of votes cast 93%5%0%2%
How each member voted (59)
Member Party Vote
Althoff — Yea
Martinez — Yea
Bivins — Nay
Bomke — Yea
Bond — Yea
Burzynski — Nay
Forby — Yea
Haine — Yea
Hendon — Yea
Noland — Yea
McCarter — Yea
Meeks — Yea
Schoenberg — Yea
Demuzio — Yea
Jacobs — Yea
Hutchinson — Yea
Lauzen — Yea
Munoz — Yea
Link — Yea
Brady — Yea
Sullivan — Yea
Luechtefeld — Yea
Maloney — Yea
Millner — Yea
Radogno — Yea
Cullerton — Yea
Steans — Yea
Trotter — Yea
Jones, J. — Nay
Viverito — Yea
Wilhelmi — Yea
Clayborne — Yea
Cronin — Yea
Crotty — Yea
Dahl — Yea
DeLeo — Yea
Dillard — Not Voting
Duffy — Yea
Frerichs — Yea
Garrett — Yea
Hultgren — Yea
Kotowski — Yea
Pankau — Yea
Raoul — Yea
Righter — Yea
Risinger — Yea
Rutherford — Yea
Sandoval — Yea
Silverstein — Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Concurrence, Amendment 2

Passed 55 Yea · 3 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 45301
Democrat 9000
Republican 1000
Total 55301
% of votes cast 93%5%0%2%
How each member voted (59)
Member Party Vote
Lauzen — Yea
Luechtefeld — Yea
Althoff — Yea
Martinez — Yea
Bivins — Nay
Bomke — Yea
Bond — Yea
Burzynski — Nay
Millner — Yea
Haine — Yea
Noland — Yea
McCarter — Yea
Meeks — Yea
Schoenberg — Yea
Silverstein — Yea
Steans — Yea
Demuzio — Yea
Jacobs — Yea
Munoz — Yea
Duffy — Yea
Forby — Yea
Hutchinson — Yea
Brady — Yea
Sullivan — Yea
Kotowski — Yea
Link — Yea
Maloney — Yea
Cullerton — Yea
Pankau — Yea
Jones, J. — Nay
Trotter — Yea
Viverito — Yea
Wilhelmi — Yea
Clayborne — Yea
Cronin — Yea
Crotty — Yea
Dahl — Yea
DeLeo — Yea
Dillard — Not Voting
Frerichs — Yea
Garrett — Yea
Hendon — Yea
Hultgren — Yea
Radogno — Yea
Raoul — Yea
Righter — Yea
Risinger — Yea
Rutherford — Yea
Sandoval — Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Third Reading

Passed 93 Yea · 18 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 801607
Democrat 11000
Republican 2200
Total 931807
% of votes cast 79%15%0%6%
How each member voted (118)
Member Party Vote
Leitch — Yea
Acevedo — Yea
Arroyo — Not Voting
Bassi — Not Voting
Beaubien — Yea
Beiser — Yea
Bellock — Yea
Mathias — Not Voting
Berrios — Yea
Biggins — Nay
Black — Not Voting
Boland — Yea
May — Yea
Bost — Nay
Brauer — Yea
Brosnahan — Yea
Burns — Yea
McAsey — Yea
Moffitt — Yea
Jakobsson — Not Voting
Jefferson — Yea
Lang — Yea
Mautino — Yea
Davis, Monique — Yea
McAuliffe — Yea
Reitz — Yea
McCarthy — Yea
Mell — Yea
Mendoza — Yea
Mulligan — Yea
Lyons — Yea
Nekritz — Yea
Sommer — Yea
Soto — Yea
Thapedi — Yea
Tryon — Yea
Turner — Yea
Verschoore — Yea
Bradley — Yea
McGuire — Yea
Wait — Yea
Brady — Yea
Burke — Yea
Mitchell, Jerry — Yea
Gordon, Jehan — Yea
Hannig — Yea
Dugan — Yea
Dunkin — Yea
Durkin — Yea
Eddy — Yea
Farnham — Yea
Flider — Yea
Flowers — Yea
Fortner — Yea
Fritchey — Yea
Froehlich — Yea
Golar — Yea
Graham — Yea
Hamos — Yea
Kosel — Yea
Harris — Yea
Hernandez — Yea
Madigan — Yea
Myers — Nay
Osterman — Yea
Howard — Yea
Pihos — Yea
Senger — Nay
Washington — Yea
Winters — Yea
Yarbrough — Yea
Zalewski — Yea
Sullivan — Nay
Mitchell, Bill — Nay
Gordon, Careen — Nay
Watson — Nay
Cavaletto — Nay
Coladipietro — Not Voting
Cole — Not Voting
Colvin — Yea
Connelly — Nay
Coulson — Yea
Cross — Yea
Cultra — Yea
Currie — Yea
D'Amico — Yea
Franks — Nay
Hatcher — Yea
Holbrook — Yea
Jackson — Yea
Osmond — Yea
Phelps — Yea
Poe — Nay
Pritchard — Yea
Ramey — Nay
Reboletti — Nay
Reis — Nay
Riley — Yea
Ryg — Yea
Sacia — Yea
Saviano — Yea
Schmitz — Nay
Chapa LaVia — Yea
Anthony DeLuca Democrat Yea
Fred Crespo Democrat Yea
Jay Hoffman Democrat Yea
La Shawn K. Ford Democrat Yea
Lakesia Collins Democrat Yea
Mark L. Walker 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 Nay
Chapin Rose Republican Nay
Chris Miller Republican Yea
Jil Tracy Republican Yea

Official roll call →

Third Reading

Passed 59 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 49000
Democrat 9000
Republican 1000
Total 59000
% of votes cast 100%0%0%0%
How each member voted (59)
Member Party Vote
Lauzen — Yea
Luechtefeld — Yea
Maloney — Yea
Althoff — Yea
Martinez — Yea
Bivins — Yea
Bomke — Yea
Bond — Yea
Burzynski — Yea
McCarter — Yea
Duffy — Yea
Hultgren — Yea
Link — Yea
Meeks — Yea
Millner — Yea
Noland — Yea
Pankau — Yea
Radogno — Yea
Demuzio — Yea
Schoenberg — Yea
Jacobs — Yea
Silverstein — Yea
Steans — Yea
Munoz — Yea
Jones, J. — Yea
Trotter — Yea
Brady — Yea
Sullivan — Yea
Viverito — Yea
Wilhelmi — Yea
Cullerton — Yea
Clayborne — Yea
Cronin — Yea
Crotty — Yea
Dahl — Yea
Dillard — Yea
Forby — Yea
Frerichs — Yea
Garrett — Yea
Haine — Yea
Hendon — Yea
Hutchinson — Yea
DeLeo — Yea
Kotowski — Yea
Raoul — Yea
Righter — Yea
Risinger — Yea
Rutherford — Yea
Sandoval — Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Subjects

finance technology
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Frequently asked questions

What does SB 265 do?
Amends the Technology Development Act. Authorizes the State Treasurer to segregate up to 2% 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. Contains provisions concerning soliciting proposals from entities to manage and be the General Partner of Technology Development Account IIb, consisting of investments from the private sector that must invest, at the direction of the Treasurer, in tandem with TDA IIa. Sets restrictions and conditions. Effective immediately.
Who sponsors SB 265?
SB 265 is sponsored by Hernandez, Lisa, Donne E. Trotter, Naomi D. Jakobsson, Renée Kosel, Kathleen A. Ryg, Luis Arroyo, Edward J. Acevedo, Lou Lang, William B. Black, Jehan A. Gordon, Daniel J. Burke, and Chapa LaVia.
What is the current status of SB 265?
This bill has been enacted into law. Introduced February 04, 2009. Enacted.
Where can I track SB 265?
Track SB 265 free on One Click Politics — get push/email alerts when it moves.

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