<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 3203</title>
<shortdesc>$DCEO-GRANT-EMPLOYEE OWNERS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Lakesia Collins</sponsors>
</sponsor>
<lastaction>
<statusdate>2/2/2026</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<SynopsisText>Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to the Illinois Center for Employee Ownership for the purpose of expanding education, outreach, and technical assistance related to employee ownership transitions and supporting small businesses in evaluating and pursuing succession through employee ownership. Effective July 1, 2026.</SynopsisText></synopsis>
<actions>
<statusdate>2/2/2026</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Lakesia Collins</action>
<statusdate>2/2/2026</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/2/2026</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
</actions>
</xml>
