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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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Arthur Wilhelmi [D]	Sponsor	Sponsored Bills	SD-043	FollowTheMoney	Ballotpedia	VoteSmart
Senator Dan Kotowski [D]	Sponsor	Sponsored Bills	SD-028	FollowTheMoney	Ballotpedia	VoteSmart
Senator Don Harmon [D]	Sponsor	Sponsored Bills	SD-039	FollowTheMoney	Ballotpedia	VoteSmart
Senator Donne Trotter [D]	Sponsor	Sponsored Bills	SD-017	FollowTheMoney	Ballotpedia	VoteSmart
Senator Emil Jones [D]	Sponsor	Sponsored Bills	SD-014	FollowTheMoney	Ballotpedia	VoteSmart
Senator Heather Steans [D]	Sponsor	Sponsored Bills	SD-007	FollowTheMoney	Ballotpedia	VoteSmart

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