Roll Call: IL SB3205 | 2017-2018 | 100th General Assembly

For additional roll call votes on Illinois SB3205 please see the Vote List
Bill Title: 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.

Spectrum: Moderate Partisan Bill (Democrat 10-3)

Status: (Passed) 2018-08-24 - Public Act . . . . . . . . . 100-1081 [SB3205 Detail]

Text: Latest bill text (Chaptered) [HTML]

Third Reading in Senate

VoteTallyDemocratRepublican
Yea543420
Nay0--
Not Voting532
Absent0--
TOTAL593722

Result: Passed

NameYeaNayNot VotingAbsent
Sen. Pamela Althoff [R]
Sen. Neil Anderson [R]
Sen. Omar Aquino [D]
Sen. Jason Barickman [R]
Sen. Scott Bennett [D]
Sen. Jennifer Bertino-Tarrant [D]
Sen. Daniel Biss [D]
Sen. Tim Bivins [R]
Sen. Bill Brady [R]
Sen. Melinda Bush [D]
Sen. Cristina Castro [D]
Sen. James Clayborne [D]
Sen. Jacqueline Collins [D]
Sen. Michael Connelly [R]
Sen. John Cullerton [D]
Sen. Thomas Cullerton [D]
Sen. William Cunningham [D]
Sen. John Curran [R]
Sen. Dale Fowler [R]
Sen. William Haine [D]
Sen. Don Harmon [D]
Sen. Napoleon Harris [D]
Sen. Michael Hastings [D]
Sen. Linda Holmes [D]
Sen. Mattie Hunter [D]
Sen. Toi Hutchinson [D]
Sen. Emil Jones [D]
Sen. David Koehler [D]
Sen. Steven Landek [D]
Sen. Kimberly Lightford [D]
Sen. Terry Link [D]
Sen. Andy Manar [D]
Sen. Iris Martinez [D]
Sen. William McCann [R]
Sen. Kyle McCarter [R]
Sen. Dan McConchie [R]
Sen. Karen McConnaughay [R]
Sen. Pat McGuire [D]
Sen. Julie Morrison [D]
Sen. John Mulroe [D]
Sen. Antonio Munoz [D]
Sen. Laura Murphy [D]
Sen. Chris Nybo [R]
Sen. Jim Oberweis [R]
Sen. Kwame Raoul [D]
Sen. Susan Rezin [R]
Sen. Dale Righter [R]
Sen. Tom Rooney [R]
Sen. Chapin Rose [R]
Sen. Martin Sandoval [D]
Sen. Paul Schimpf [R]
Sen. Ira Silverstein [D]
Sen. Elgie Sims [D]
Sen. Steve Stadelman [D]
Sen. Heather Steans [D]
Sen. Dave Syverson [R]
Sen. Jil Tracy [R]
Sen. Patricia Vanpelt-Watkins [D]
Sen. Chuck Weaver [R]
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