Illinois Senate Bill 3568 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

Amends the University of Illinois Act. Provides that notwithstanding any other provisions of law, the University may form one or more limited liability companies to own any current or future intellectual property attributable to the University pursuant to the Limited Liability Company Act. Requires the State to maintain a 51% ownership interest in any limited liability company formed. Allows the intellectual property to be held as a tenancy-in-common with all entities that hold an ownership interest in a company. Requires the payment of distributions.

U OF I-INTELLECTUAL PROPERTY

Sen. Chapin Rose [R]

Rep. Jay Hoffman [D]

2018-04-24 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 7 Abs: 0) [PASS]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2018-05-31	House	Rule 19(a) / Re-referred to Rules Committee
2018-05-21	House	Final Action Deadline Extended-9(b) May 31, 2018
2018-05-21	House	Assigned to Executive Committee
2018-04-25	House	Referred to Rules Committee
2018-04-25	House	First Reading
2018-04-25	House	Chief House Sponsor Rep. Jay Hoffman
2018-04-24	House	Arrived in House
2018-04-24	Senate	Third Reading - Passed; 052-000-000
2018-04-19	Senate	Placed on Calendar Order of 3rd Reading April 23, 2018
2018-04-19	Senate	Second Reading
2018-04-11	Senate	Placed on Calendar Order of 2nd Reading April 12, 2018
2018-04-11	Senate	Do Pass Higher Education; 010-000-000
2018-02-27	Senate	Assigned to Higher Education
2018-02-16	Senate	Referred to Assignments
2018-02-16	Senate	First Reading
2018-02-16	Senate	Filed with Secretary by Sen. Chapin Rose

Chapter	Article	Section	Citation Type	Statute Text
110	305	100	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3568&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB3568.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB3568eng.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB3568_04242018_028000T.pdf