Bill Text: IL SB1462 | 2017-2018 | 100th General Assembly | Chaptered
Bill Title: Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Makes a technical change in a Section concerning the short title.
Spectrum: Partisan Bill (Democrat 16-0)
Status: (Passed) 2017-11-08 - Public Act . . . . . . . . . 100-0541 [SB1462 Detail]
Download: Illinois-2017-SB1462-Chaptered.html
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| Public Act 100-0541 | ||||
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois, | ||||
represented in the General Assembly:
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Section 5. The Department of Commerce and Economic | ||||
Opportunity Law of the
Civil Administrative Code of Illinois is | ||||
amended by adding Section 605-1020 as follows:
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(20 ILCS 605/605-1020 new) | ||||
Sec. 605-1020. Entrepreneur Learner's Permit pilot | ||||
program. | ||||
(a) Subject to appropriation, there is hereby established | ||||
an Entrepreneur Learner's Permit pilot program that shall be | ||||
administered by the Department beginning on July 1 of the first | ||||
fiscal year for which an appropriation of State moneys is made | ||||
for that purpose and continuing for the next 2 immediately | ||||
succeeding fiscal years; however, the Department is not | ||||
required to administer the program in any fiscal year for which | ||||
such an appropriation has not been made. The purpose of the | ||||
program shall be to encourage and assist beginning | ||||
entrepreneurs in starting new information services, | ||||
biotechnology, and green technology businesses by providing | ||||
reimbursements to those entrepreneurs for any State filing, | ||||
permitting, or licensing fees associated with the formation of | ||||
such a business in the State. | ||||
(b) Applicants for participation in the Entrepreneur | ||
Learner's Permit pilot program shall apply to the Department, | ||
in a form and manner prescribed by the Department, prior to the | ||
formation of the business for which the entrepreneur seeks | ||
reimbursement of those fees. The Department shall adopt rules | ||
for the review and approval of applications, provided that it | ||
(1) shall give priority to applicants who are female or | ||
minority persons, or both, and (2) shall not approve any | ||
application by a person who will not be a beginning | ||
entrepreneur. Reimbursements under this Section shall be | ||
provided in the manner determined by the Department. In no | ||
event shall an applicant apply for participation in the program | ||
more than 3 times. | ||
(c) The aggregate amount of all reimbursements provided by | ||
the Department pursuant to this Section shall not exceed | ||
$500,000 in any State fiscal year. | ||
(d) On or before February 1 of the last calendar year | ||
during which the pilot program is in effect, the Department | ||
shall submit a report to the Governor and the General Assembly | ||
on the cumulative effectiveness of the Entrepreneur Learner's | ||
Permit pilot program. The review shall include, but not be | ||
limited to, the number and type of businesses that were formed | ||
in connection with the pilot program, the current status of | ||
each business formed in connection with the pilot program, the | ||
number of employees employed by each such business, the | ||
economic impact to the State from the pilot program, the | ||
satisfaction of participants in the pilot program, and a | ||
recommendation as to whether the program should be continued. | ||
(e) As used in this Section: | ||
"Beginning entrepreneur" means an individual who, at | ||
the time he or she applies for participation in the | ||
program, has less than 5 years of experience as a business | ||
owner and is not a current business owner. | ||
"Female" and "minority person" have the meanings given | ||
to those terms in the Business Enterprise for Minorities, | ||
Females, and Persons with Disabilities Act.
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