Illinois Senate Bill 3205 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 10-3)
Status: Passed on August 24 2018 - 100% progression
Action: 2018-08-24 - Public Act . . . . . . . . . 100-1081
Text: Latest bill text (Chaptered) [HTML]

Amends the Technology Development Act. Provides that the State Treasurer may segregate a portion of the Treasurer's State investment portfolio that at no time shall be greater than 5% (rather than 2%) of the portfolio, in the Technology Development Account IIa. Provides further requirements regarding investment in Technology Development Account IIa. Provides that the Treasurer may solicit proposals from entities to manage and be the general partner of a separate fund consisting of investments from private sector investors that must invest, at the direction of the general partner (rather than Treasurer), in tandem with Technology Development Account IIa in a pro-rata portion. Provides that moneys in Technology Development Account IIa may be invested by the State Treasurer to provide venture capital to technology businesses, including co-investments. Provides that in no case shall more than 15% (rather than 10%) of the capital in the Technology Development Account IIa be invested in firms based outside of Illinois. Requires any Technology Development Account II-Recipient Fund to report the specified additional information to the Treasurer on a quarterly or annual basis as determined by the Treasurer. Removes language prohibiting the State Treasurer from investing more than one-third of Technology Development Account II in any given calendar year. Modifies the purpose of the Act. Makes conforming and technical changes. Defines terms.

TREASURER-TECH DEVELOPMENT

Sen. Don Harmon [D]	Sen. Patricia Van Pelt [D]	Sen. Iris Martinez [D]	Sen. John Connor [D]
Rep. David McSweeney [R]	Rep. Anna Moeller [D]	Rep. Natalie Manley [D]	Rep. Jonathan Carroll [D]
Rep. Fred Crespo [D]	Sen. Laura Fine [D]	Rep. Stephanie Kifowit [D]	Rep. Peter Breen [R]
Rep. David Olsen [R]

2018-05-28 - House - Third Reading in House (Y: 113 N: 0 NV: 2 Abs: 1) [PASS]
2018-04-26 - Senate - Third Reading in Senate (Y: 54 N: 0 NV: 5 Abs: 0) [PASS]

Date	Chamber	Action
2018-08-24	Senate	Public Act . . . . . . . . . 100-1081
2018-08-24	Senate	Effective Date August 24, 2018
2018-08-24	Senate	Governor Approved
2018-06-26	Senate	Sent to the Governor
2018-05-28	Senate	Passed Both Houses
2018-05-28	House	Third Reading - Short Debate - Passed 113-000-000
2018-05-28	House	Added Alternate Co-Sponsor Rep. David S. Olsen
2018-05-25	House	Final Action Deadline Extended-9(b) May 31, 2018
2018-05-21	House	Placed on Calendar Order of 3rd Reading - Short Debate
2018-05-21	House	Second Reading - Short Debate
2018-05-18	House	Placed on Calendar 2nd Reading - Short Debate
2018-05-16	House	Do Pass / Short Debate State Government Administration Committee; 007-000-000
2018-05-07	House	Assigned to State Government Administration Committee
2018-05-03	House	Added Alternate Co-Sponsor Rep. Peter Breen
2018-04-27	House	Added Alternate Co-Sponsor Rep. Stephanie A. Kifowit
2018-04-27	House	Added Alternate Co-Sponsor Rep. Laura Fine
2018-04-26	House	Added Alternate Co-Sponsor Rep. Fred Crespo
2018-04-26	House	Added Alternate Chief Co-Sponsor Rep. Jonathan Carroll
2018-04-26	House	Added Alternate Chief Co-Sponsor Rep. Natalie A. Manley
2018-04-26	House	Added Alternate Chief Co-Sponsor Rep. Anna Moeller
2018-04-26	House	Added Alternate Chief Co-Sponsor Rep. David McSweeney
2018-04-26	House	Referred to Rules Committee
2018-04-26	House	First Reading
2018-04-26	House	Chief House Sponsor Rep. John Connor
2018-04-26	House	Arrived in House
2018-04-26	Senate	Third Reading - Passed; 054-000-000
2018-04-23	Senate	Placed on Calendar Order of 3rd Reading April 24, 2018
2018-04-23	Senate	Second Reading
2018-04-18	Senate	Added as Chief Co-Sponsor Sen. Iris Y. Martinez
2018-04-12	Senate	Placed on Calendar Order of 2nd Reading April 17, 2018
2018-04-12	Senate	Do Pass as Amended Commerce and Economic Development; 010-000-000
2018-04-12	Senate	Senate Committee Amendment No. 1 Adopted
2018-04-11	Senate	Added as Chief Co-Sponsor Sen. Patricia Van Pelt
2018-04-10	Senate	Senate Committee Amendment No. 1 Assignments Refers to Commerce and Economic Development
2018-04-06	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2018-04-06	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
2018-02-27	Senate	Assigned to Commerce and Economic Development
2018-02-16	Senate	Referred to Assignments
2018-02-16	Senate	First Reading
2018-02-16	Senate	Filed with Secretary by Sen. Don Harmon

Chapter	Article	Section	Citation Type	Statute Text
30	265	11	Amended Code	Citation Text
30	265	5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3205&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB3205.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB3205eng.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB3205enr.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-1081.htm
Amendment	https://www.ilga.gov/legislation/100/SB/10000SB3205sam001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB3205_04262018_024000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000SB3205_05282018_017000T.pdf