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<xml>
<title>Illinois General Assembly - Bill Status for SB 3777         </title>
<shortdesc>TECHNOLOGY DEVELOPMENT ACCOUNT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Christopher Belt, Bill Cunningham, Jason A. Barickman and Laura M. Murphy</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. LaToya Greenwood-Jonathan Carroll-Rita Mayfield and Elizabeth Hernandez)</altsponsors>
</sponsor>
<lastaction>
<statusdate>5/27/2022</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 102-1023</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 265/11</reference><aliasreference></aliasreference><reference>30 ILCS 265/20</reference><aliasreference></aliasreference><SynopsisText>Amends the Technology Development Act. Provides for additional specified information to be reported by a TDA II-Recipient Fund to the State Treasurer on a quarterly or annual basis for all investments. Provides for the allocation of the aggregate dollar amount available for new investments. Requires the State Treasurer to disclose on the website of the State Treasurer specified aggregate financial performance information for TDA II-Recipient Funds. Provides that the Technology Development Fund is a nonappropriated trust fund within the State treasury (rather than a special fund outside of the State treasury with the State Treasurer as custodian). Requires the State Treasurer to publish on his or her official website specified information regarding the Technology Development Fund for the previous fiscal year. Defines terms. Makes conforming changes.</SynopsisText></synopsis>
<actions>
<statusdate>1/21/2022</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Christopher Belt</action>
<statusdate>1/21/2022</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/21/2022</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/1/2022</statusdate><chamber>Senate</chamber><action>Assigned to State Government</action>
<statusdate>2/7/2022</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Bill Cunningham</action>
<statusdate>2/10/2022</statusdate><chamber>Senate</chamber><action>Do Pass State Government;  009-000-000</action>
<statusdate>2/10/2022</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading February 15, 2022</action>
<statusdate>2/10/2022</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Jason A. Barickman</action>
<statusdate>2/15/2022</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>2/15/2022</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading February 16, 2022</action>
<statusdate>2/16/2022</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Laura M. Murphy</action>
<statusdate>2/16/2022</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 055-000-000</action>
<statusdate>2/16/2022</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>2/16/2022</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. LaToya Greenwood</action>
<statusdate>2/16/2022</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/16/2022</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/7/2022</statusdate><chamber>House</chamber><action>Assigned to State Government Administration Committee</action>
<statusdate>3/16/2022</statusdate><chamber>House</chamber><action>Do Pass / Short Debate State Government Administration Committee;  008-000-000</action>
<statusdate>3/17/2022</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/21/2022</statusdate><chamber>House</chamber><action>Added Alternate Co-Sponsor Rep. Elizabeth Hernandez</action>
<statusdate>3/23/2022</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/23/2022</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>4/1/2022</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 108-000-000</action>
<statusdate>4/1/2022</statusdate><chamber>Senate</chamber><action>Passed Both Houses</action>
<statusdate>4/1/2022</statusdate><chamber>House</chamber><action>Added Alternate Chief Co-Sponsor Rep. Jonathan Carroll</action>
<statusdate>4/1/2022</statusdate><chamber>House</chamber><action>Added Alternate Chief Co-Sponsor Rep. Rita Mayfield</action>
<statusdate>4/29/2022</statusdate><chamber>Senate</chamber><action>Sent to the Governor</action>
<statusdate>5/27/2022</statusdate><chamber>Senate</chamber><action>Governor Approved</action>
<statusdate>5/27/2022</statusdate><chamber>Senate</chamber><action>Effective Date January 1, 2023</action>
<statusdate>5/27/2022</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 102-1023</action>
</actions>
</xml>

