Bill Title: Reinserts the provisions of the introduced bill with changes. Allows the Illinois Innovation Voucher Program to be administered by a governmental entity with expertise in innovation, technology, economic development, research and development, and public private partnerships. Provides that the Department of Commerce and Economic Opportunity, subject to appropriation, shall be authorized to provide to the entity administering the Program an administrative fee in an amount not to exceed 10% (rather than 15%) of the total value of vouchers estimated by the Department to be issued in each fiscal year. Makes the awarding of innovation vouchers subject to appropriation. Makes other changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 11-0)

Status: (Passed) 2021-08-27 - Public Act . . . . . . . . . 102-0648 [SB2290 Detail]

Text: Latest bill text (Chaptered) [HTML]

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