DOT - BUSINESS LOAN PROGRAM House SponsorsRep. William Davis-La Shawn K. Ford-Emanuel Chris Welch-Al Riley-Camille Y. Lilly, Lawrence M. Walsh, Jr., Kenneth Dunkin, Derrick Smith, Rita Mayfield, Anthony DeLuca, Eddie Lee Jackson, Sr., Elgie R. Sims, Jr., Kelly M. Cassidy, Luis Arroyo, Keith Farnham, John D'Amico and Christian L. Mitchell Senate Sponsors(Sen. Mattie Hunter-Jacqueline Y. Collins-James F. Clayborne, Jr.-Andy Manar-Don Harmon, David Koehler, Kimberly A. Lightford, Napoleon Harris, III, Kwame Raoul and Donne E. Trotter) 7/30/2013HousePublic Act . . . . . . . . . 98-0117 20 ILCS 2705/2705-610 new30 ILCS 105/5.826 new30 ILCS 105/8r new Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Provides that the Department of Transportation may make low-interest loans from the Working Capital Revolving Loan Fund to disadvantaged business enterprises. Establishes a loan selection committee to review applications and select eligible businesses. Provides that the Department may set eligibility requirements for loans by administrative rule. Provides limitations on the use of loan funds. Provides that loans may be made with interest. Limits the number of loans a business may receive. Provides that the Department shall give annual reports to the Governor and the General Assembly on the program. Provides that the Department's authority to issue loans expires on June 1, 2018. Amends the State Finance Act. Establishes the Working Capital Revolving Loan Fund. Provides for transfers not to exceed $3,000,000 a year, for a period of 5 years, from the Road Fund to the Working Capital Revolving Loan Fund as requested by the Secretary of Transportation. Provides that no transfer will occur if the available balance in the Working Capital Revolving Loan Fund is equal to or greater than $6,000,000. Effective July 1, 2013.House Floor Amendment No. 3 Replaces everything after the enacting clause. Inserts the provisions of the introduced bill. Provides members of the loan selection committee shall not receive any compensation other than for reasonable expenses for service related to the committee. Provides that the loan agreement shall not extend repayment longer than final payment made by the Department of Transportation following completion and acceptance of the work. Requires the Fund Control Agent to intercept payments made from a contractor to a subcontractor receiving a loan and allows the Fund Control Agent to deduct any unpaid loan repayments owed to the State before releasing the payment to the subcontractor. Requires loans to be made with interest. Provides that the Department shall set interest rates by rule. Reduces the amount that may be loaned from 75% to 55% of the contract or subcontract for which the loan is being made. Requires the Department to notify the prime contractor on a project that a subcontractor on the same project has been awarded a loan from the Working Capital Revolving Loan Fund. Provides that the annual report to the Governor and the General Assembly shall include the names of any contractors who are delinquent or in default of payment and the January 1, 2017 report is to include an evaluation of the program by the Department. 2/26/2013HouseFiled with the Clerk by Rep. William Davis 2/26/2013HouseAdded Chief Co-Sponsor Rep. La Shawn K. Ford 2/26/2013HouseFirst Reading 2/26/2013HouseReferred to Rules Committee 3/6/2013HouseAdded Chief Co-Sponsor Rep. Emanuel Chris Welch 3/11/2013HouseAssigned to Transportation: Regulation, Roads & Bridges Committee 3/12/2013HouseAdded Chief Co-Sponsor Rep. Al Riley 3/19/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. William Davis 3/19/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/19/2013HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. William Davis 3/19/2013HouseHouse Committee Amendment No. 2 Referred to Rules Committee 3/19/2013HouseAdded Co-Sponsor Rep. Lawrence M. Walsh, Jr. 3/19/2013HouseDo Pass / Short Debate Transportation: Regulation, Roads & Bridges Committee; 016-002-000 3/19/2013HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40 3/19/2013HouseHouse Committee Amendment No. 2 Tabled Pursuant to Rule 40 3/20/2013HousePlaced on Calendar 2nd Reading - Short Debate 3/22/2013HouseAdded Chief Co-Sponsor Rep. Camille Y. Lilly 3/22/2013HouseChief Co-Sponsor Changed to Rep. Camille Y. Lilly 3/22/2013HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. William Davis 3/22/2013HouseHouse Floor Amendment No. 3 Referred to Rules Committee 3/28/2013HouseHouse Floor Amendment No. 3 Rules Refers to Transportation: Regulation, Roads & Bridges Committee 4/9/2013HouseHouse Floor Amendment No. 3 Recommends Be Adopted Transportation: Regulation, Roads & Bridges Committee; 013-003-000 4/9/2013HouseAdded Co-Sponsor Rep. Kenneth Dunkin 4/10/2013HouseSecond Reading - Short Debate 4/10/2013HouseHouse Floor Amendment No. 3 Adopted 4/10/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/10/2013HouseAdded Co-Sponsor Rep. Derrick Smith 4/11/2013HouseAdded Co-Sponsor Rep. Rita Mayfield 4/11/2013HouseThird Reading - Short Debate - Passed 074-034-002 4/11/2013HouseAdded Co-Sponsor Rep. Anthony DeLuca 4/11/2013HouseAdded Co-Sponsor Rep. Eddie Lee Jackson, Sr. 4/11/2013HouseAdded Co-Sponsor Rep. Elgie R. Sims, Jr. 4/11/2013HouseAdded Co-Sponsor Rep. Kelly M. Cassidy 4/11/2013HouseAdded Co-Sponsor Rep. Luis Arroyo 4/11/2013HouseAdded Co-Sponsor Rep. Keith Farnham 4/11/2013HouseAdded Co-Sponsor Rep. John D'Amico 4/11/2013HouseAdded Co-Sponsor Rep. Christian L. Mitchell 4/11/2013SenateArrive in Senate 4/11/2013SenatePlaced on Calendar Order of First Reading April 12, 2013 4/11/2013SenateChief Senate Sponsor Sen. Mattie Hunter 4/11/2013SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins 4/11/2013SenateAdded as Alternate Chief Co-Sponsor Sen. James F. Clayborne, Jr. 4/11/2013SenateAdded as Alternate Chief Co-Sponsor Sen. Andy Manar 4/11/2013SenateAdded as Alternate Chief Co-Sponsor Sen. Don Harmon 4/11/2013SenateAdded as Alternate Co-Sponsor Sen. David Koehler 4/12/2013SenateFirst Reading 4/12/2013SenateReferred to Assignments 4/16/2013SenateAdded as Alternate Co-Sponsor Sen. Kimberly A. Lightford 4/24/2013SenateAssigned to Executive 4/25/2013SenateAdded as Alternate Co-Sponsor Sen. Napoleon Harris, III 5/2/2013SenateDo Pass Executive; 013-000-000 5/2/2013SenatePlaced on Calendar Order of 2nd Reading May 6, 2013 5/2/2013SenateAdded as Alternate Co-Sponsor Sen. Kwame Raoul 5/7/2013SenateAdded as Alternate Co-Sponsor Sen. Donne E. Trotter 5/8/2013SenateSecond Reading 5/8/2013SenatePlaced on Calendar Order of 3rd Reading May 9, 2013 5/15/2013SenateThird Reading - Passed; 046-008-000 5/15/2013HousePassed Both Houses 6/5/2013HouseSent to the Governor 7/30/2013HouseGovernor Approved 7/30/2013HouseEffective Date July 30, 2013 7/30/2013HousePublic Act . . . . . . . . . 98-0117