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| | SB1462 Engrossed | | LRB100 11206 HLH 21517 b |
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| 1 | | AN ACT concerning State government.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Department of Commerce and Economic |
| 5 | | Opportunity Law of the
Civil Administrative Code of Illinois is |
| 6 | | amended by adding Section 605-1020 as follows:
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| 7 | | (20 ILCS 605/605-1020 new) |
| 8 | | Sec. 605-1020. Entrepreneur Learner's Permit pilot |
| 9 | | program. |
| 10 | | (a) There is hereby established an Entrepreneur Learner's |
| 11 | | Permit pilot program that shall be administered by the |
| 12 | | Department on and after July 1, 2017 and prior to June 30, |
| 13 | | 2019. The purpose of the program shall be to encourage and |
| 14 | | assist first-time entrepreneurs in starting new information |
| 15 | | services, biotechnology, and green technology businesses by |
| 16 | | providing reimbursements to those entrepreneurs for any State |
| 17 | | filing, permitting, or licensing fees associated with the |
| 18 | | formation of such a business in the State. |
| 19 | | (b) Applicants for participation in the Entrepreneur |
| 20 | | Learner's Permit pilot program shall apply to the Department, |
| 21 | | in a form and manner prescribed by the Department, prior to the |
| 22 | | formation of the business for which the entrepreneur seeks |
| 23 | | reimbursement of those fees. The Department shall adopt rules |
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| 1 | | for the review and approval of applications, provided that it |
| 2 | | (1) shall give priority to applicants who are female or |
| 3 | | minority persons, or both, and (2) shall not approve any |
| 4 | | application by a person who will not be a first-time business |
| 5 | | owner. Reimbursements under this Section shall be provided in |
| 6 | | the manner determined by the Department. |
| 7 | | (c) The aggregate amount of all reimbursements provided by |
| 8 | | the Department pursuant to this Section shall not exceed |
| 9 | | $500,000 in any State fiscal year. |
| 10 | | (d) On or before February 1, 2019, the Department shall |
| 11 | | submit a report to the Governor and the General Assembly on the |
| 12 | | cumulative effectiveness of the Entrepreneur Learner's Permit |
| 13 | | pilot program. The review shall include, but not be limited to, |
| 14 | | the number and type of businesses that were formed in |
| 15 | | connection with the pilot program, the current status of each |
| 16 | | business formed in connection with the pilot program, the |
| 17 | | number of employees employed by each such business, the |
| 18 | | economic impact to the State from the pilot program, the |
| 19 | | satisfaction of participants in the pilot program, and a |
| 20 | | recommendation as to whether the program should be continued |
| 21 | | beyond June 30, 2019. |
| 22 | | (e) As used in this Section, the terms "female" and |
| 23 | | "minority person" have the meanings given to those terms in the |
| 24 | | Business Enterprise for Minorities, Females, and Persons with |
| 25 | | Disabilities Act.
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| 26 | | Section 99. Effective date. This Act takes effect July 1, |