Bill Title: 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.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2009-08-07 - Public Act . . . . . . . . . 96-0150 [SB0265 Detail]

Text: Latest bill text (Enrolled) [HTML]

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