Bill Sponsors: IL HB2698 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Build Illinois Act. Provides that the Department of Commerce and Economic Opportunity may also make loans or equity investments to small businesses with moneys in the State Small Business Credit Initiative Fund (currently, the Department make only make such loans and equity investments with moneys in the Build Illinois Bond Fund, the Illinois Capital Revolving Fund, or the Illinois Equity Revolving Fund). Provides that the Department of Commerce and Economic Opportunity may make loans to small businesses of up to $2,000,000 (currently, $750,000) per project. Provides that moneys collected from the fees imposed under this Act connected with the Capital Fund shall be deposited into the Capital Fund. Provides that loans under the minority, veteran, female, and persons with a disability loan program shall not exceed $400,000 (currently, $100,000) without a waiver from the Director of Commerce and Economic Opportunity. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 15-5)

Status: (Passed) 2017-08-25 - Public Act . . . . . . . . . 100-0377 [HB2698 Detail]

Text: Latest bill text (Chaptered) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Arthur Turner [D]PrimarySponsored BillsHD-009FollowTheMoneyBallotpediaVoteSmart
Representative Keith Wheeler [R]CosponsorSponsored BillsHD-050FollowTheMoneyBallotpediaVoteSmart
Representative Carol Ammons [D]CosponsorSponsored BillsHD-103FollowTheMoneyBallotpediaVoteSmart
Representative Linda LaVia [D]CosponsorSponsored BillsHD-083FollowTheMoneyBallotpediaVoteSmart
Representative Stephanie Kifowit [D]CosponsorSponsored BillsHD-084FollowTheMoneyBallotpediaVoteSmart
Representative Elizabeth Hernandez [D]CosponsorSponsored BillsHD-024FollowTheMoneyBallotpediaVoteSmart
Representative Mark Batinick [R]CosponsorSponsored BillsHD-097FollowTheMoneyBallotpediaVoteSmart
Representative Melissa Conyears-Ervin [D]CosponsorSponsored BillsHD-010FollowTheMoneyBallotpediaVoteSmart
Representative Latoya Greenwood [D]CosponsorSponsored BillsHD-114FollowTheMoneyBallotpediaVoteSmart
Representative Robert Martwick [D]CosponsorSponsored BillsHD-019FollowTheMoneyBallotpediaVoteSmart
Representative Jehan Gordon [D]CosponsorSponsored BillsHD-092FollowTheMoneyBallotpediaVoteSmart
Senator Elgie Sims [D]CosponsorSponsored BillsSD-017FollowTheMoneyBallotpediaVoteSmart
Senator Toi Hutchinson [D]PrimarySponsored BillsSD-040FollowTheMoneyBallotpediaVoteSmart
Senator Karen McConnaughay [R]CosponsorSponsored BillsSD-033FollowTheMoneyBallotpediaVoteSmart
Senator Andy Manar [D]CosponsorSponsored BillsSD-048FollowTheMoneyBallotpediaVoteSmart
Senator Chuck Weaver [R]CosponsorSponsored BillsSD-037FollowTheMoneyBallotpediaVoteSmart
Senator Cristina Castro [D]CosponsorSponsored BillsSD-022FollowTheMoneyBallotpediaVoteSmart
Senator Kimberly Lightford [D]CosponsorSponsored BillsSD-004FollowTheMoneyBallotpediaVoteSmart
Senator Michael Connelly [R]CosponsorSponsored BillsSD-021FollowTheMoneyBallotpediaVoteSmart
Senator Thomas Cullerton [D]CosponsorSponsored BillsSD-023FollowTheMoneyBallotpediaVoteSmart

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