DCEO-VETS-SMALL BUSINESS LOAN House SponsorsRep. Jerry L. Mitchell-Dennis M. Reboletti-Raymond Poe-Timothy L. Schmitz-Rich Brauer, Mike Bost, Randy Ramey, Jr., Robert W. Pritchard, Jack D. Franks, Linda Chapa LaVia and Keith Farnham Senate Sponsors(Sen. Tim Bivins and Linda Holmes) 1/11/2011HouseSession Sine Die 20 ILCS 605/605-530 new Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Authorizes the Department of Commerce and Economic Opportunity to make participation loans to small businesses that are at least 51% owned and managed by one or more persons who are veterans for the purposes of promoting the creation of veteran-owned small businesses and promoting the creation of jobs within small businesses. Provides that a loan may not exceed $100,000 or 50% of the business project costs. Provides that a loan may be made only if, in the Department's judgment, the number of jobs to be created is reasonable in relation to the loan funds requested. Provides that a loan must be protected by security. Effective immediately.House Floor Amendment No. 1 Deletes reference to:20 ILCS 605/605-530 newAdds reference to:30 ILCS 750/9-2from Ch. 127, par. 2709-230 ILCS 750/9-4.3from Ch. 127, par. 2709-4.3Replaces everything after the enacting clause. Amends the "Small Business Development Act" Article of the Build Illinois Act. Adds a definition of "veteran", and provides that small businesses that are at least 51% owned and managed by one or more persons who are veterans are eligible for loans from the Department of Commerce and Economic Opportunity on the same terms as minority, female, or disability small businesses. Effective immediately. 2/27/2009HouseFiled with the Clerk by Rep. Jerry L. Mitchell 2/27/2009HouseFirst Reading 2/27/2009HouseReferred to Rules Committee 2/27/2009HouseAdded Chief Co-Sponsor Rep. Dennis M. Reboletti 2/27/2009HouseAdded Chief Co-Sponsor Rep. Raymond Poe 2/27/2009HouseAdded Chief Co-Sponsor Rep. Timothy L. Schmitz 2/27/2009HouseAdded Chief Co-Sponsor Rep. Rich Brauer 2/27/2009HouseAdded Co-Sponsor Rep. Mike Bost 2/27/2009HouseAdded Co-Sponsor Rep. Randy Ramey, Jr. 3/4/2009HouseAssigned to State Government Administration Committee 3/11/2009HouseDo Pass / Short Debate State Government Administration Committee; 017-000-000 3/12/2009HousePlaced on Calendar 2nd Reading - Short Debate 3/18/2009HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Jerry L. Mitchell 3/18/2009HouseHouse Floor Amendment No. 1 Referred to Rules Committee 3/24/2009HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 3/25/2009HouseSecond Reading - Short Debate 3/25/2009HouseHouse Floor Amendment No. 1 Adopted by Voice Vote 3/25/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/31/2009HouseThird Reading - Short Debate - Passed 116-000-000 3/31/2009HouseAdded Co-Sponsor Rep. Robert W. Pritchard 3/31/2009HouseAdded Co-Sponsor Rep. Jack D. Franks 3/31/2009HouseAdded Co-Sponsor Rep. Keith Farnham 3/31/2009HouseAdded Co-Sponsor Rep. Linda Chapa LaVia 3/31/2009SenateArrive in Senate 3/31/2009SenatePlaced on Calendar Order of First Reading 3/31/2009SenateChief Senate Sponsor Sen. Tim Bivins 3/31/2009SenateFirst Reading 3/31/2009SenateReferred to Assignments 4/29/2009SenateAdded as Alternate Co-Sponsor Sen. Linda Holmes 1/11/2011HouseSession Sine Die