Bill Title: Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Provides that the Department of Transportation may make low-interest loans from the Working Capital Revolving Loan Fund to disadvantaged business enterprises. Establishes a loan selection committee to review applications and select eligible businesses. Provides that the Department may set eligibility requirements for loans by administrative rule. Provides limitations on the use of loan funds. Provides that loans may be made with interest. Limits the number of loans a business may receive. Provides that the Department shall give annual reports to the Governor and the General Assembly on the program. Provides that the Department's authority to issue loans expires on June 1, 2018. Amends the State Finance Act. Establishes the Working Capital Revolving Loan Fund. Provides for transfers not to exceed $3,000,000 a year, for a period of 5 years, from the Road Fund to the Working Capital Revolving Loan Fund as requested by the Secretary of Transportation. Provides that no transfer will occur if the available balance in the Working Capital Revolving Loan Fund is equal to or greater than $6,000,000. Effective July 1, 2013.

Spectrum: Partisan Bill (Democrat 27-0)

Status: (Passed) 2013-07-30 - Public Act . . . . . . . . . 98-0117 [HB3267 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2013-07-30	HTML/Text	Link	View
Enrolled	2013-05-17	HTML/Text	Link	View
Engrossed	2013-04-10	HTML/Text	Link	View
Amended	2013-03-22	HTML/Text	Link	View
Amended	2013-03-19	HTML/Text	Link	View
Amended	2013-03-19	HTML/Text	Link	View
Introduced	2013-02-26	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3267

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3267 currently on file.

Social Comments on IL HB3267