FINANCE-SMALL BUSINESS FUND House SponsorsRep. Lou Lang-La Shawn K. Ford-Marlow H. Colvin-Karen May-Jack D. Franks, Michael G. Connelly, Keith Farnham, Esther Golar, Rita Mayfield, Eddie Lee Jackson, Sr., Thomas Holbrook, Al Riley, Fred Crespo, Linda Chapa LaVia and Robyn Gabel Senate Sponsors(Sen. Ira I. Silverstein) 8/16/2011HousePublic Act . . . . . . . . . 97-0406 30 ILCS 105/5.786 new30 ILCS 105/6z-87 new Amends the State Finance Act. Creates the Small Business Development Grant Fund. Provides that moneys in the Fund shall be used, subject to appropriation, by the Department of Commerce and Economic Opportunity to make grants (i) to small businesses in the State that commit to using the grant moneys to create additional jobs, (ii) to small businesses from outside of the State that commit to relocate within the State, and (iii) for individual projects that create 100 or fewer additional jobs. Provides that the Department must give priority to (i) minority owned businesses, (ii) female owned businesses, (iii) businesses owned by a person with a disability, (iv) businesses that pledge not to use the grant moneys as additional compensation for an executive, and (v) businesses that have as their primary purpose the provision of energy derived from renewable energy technology. Effective immediately. 2/17/2011HouseFiled with the Clerk by Rep. Lou Lang 2/22/2011HouseFirst Reading 2/22/2011HouseReferred to Rules Committee 2/24/2011HouseAssigned to Small Business Empowerment & Workforce Development Committee 3/2/2011HouseDo Pass / Short Debate Small Business Empowerment & Workforce Development Committee; 019-000-000 3/2/2011HouseAdded Co-Sponsor Rep. Michael G. Connelly 3/3/2011HousePlaced on Calendar 2nd Reading - Short Debate 3/3/2011HouseAdded Chief Co-Sponsor Rep. La Shawn K. Ford 3/3/2011HouseChief Co-Sponsor Changed to Rep. La Shawn K. Ford 3/8/2011HouseSecond Reading - Short Debate 3/8/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/10/2011HouseAdded Chief Co-Sponsor Rep. Marlow H. Colvin 3/10/2011HouseChief Co-Sponsor Changed to Rep. Marlow H. Colvin 3/10/2011HouseThird Reading - Short Debate - Passed 107-000-000 3/10/2011HouseAdded Chief Co-Sponsor Rep. Karen May 3/10/2011HouseAdded Chief Co-Sponsor Rep. Jack D. Franks 3/10/2011HouseAdded Co-Sponsor Rep. Keith Farnham 3/10/2011HouseAdded Co-Sponsor Rep. Esther Golar 3/10/2011HouseAdded Co-Sponsor Rep. Rita Mayfield 3/10/2011HouseAdded Co-Sponsor Rep. Eddie Lee Jackson, Sr. 3/10/2011HouseAdded Co-Sponsor Rep. Thomas Holbrook 3/10/2011HouseAdded Co-Sponsor Rep. Al Riley 3/10/2011HouseAdded Co-Sponsor Rep. Fred Crespo 3/10/2011HouseAdded Co-Sponsor Rep. Linda Chapa LaVia 3/10/2011HouseAdded Co-Sponsor Rep. Robyn Gabel 3/14/2011SenateArrive in Senate 3/14/2011SenatePlaced on Calendar Order of First Reading March 15, 2011 3/15/2011SenateChief Senate Sponsor Sen. Ira I. Silverstein 3/16/2011SenateFirst Reading 3/16/2011SenateReferred to Assignments 4/27/2011SenateAssigned to Commerce 5/4/2011SenatePostponed - Commerce 5/13/2011SenateDo Pass Commerce; 008-000-000 5/13/2011SenatePlaced on Calendar Order of 2nd Reading May 16, 2011 5/18/2011SenateSecond Reading 5/18/2011SenatePlaced on Calendar Order of 3rd Reading May 19, 2011 5/19/2011SenateThird Reading - Passed; 055-000-000 5/19/2011HousePassed Both Houses 6/17/2011HouseSent to the Governor 8/16/2011HouseGovernor Approved 8/16/2011HouseEffective Date August 16, 2011 8/16/2011HousePublic Act . . . . . . . . . 97-0406