TECH DEVELOPMENT FUND Senate SponsorsSen. Kirk W. Dillard-John O. Jones and Martin A. Sandoval House Sponsors(Rep. Ruth Munson-Constance A. Howard-Milton Patterson-Karen A. Yarbrough-Linda Chapa LaVia, Edward J. Acevedo, Kathleen A. Ryg, Annazette Collins, Aaron Schock and Wyvetter H. Younge) 8/1/2005SenatePublic Act . . . . . . . . . 94-0395 30 ILCS 265/1030 ILCS 265/20 newAmends the Technology Development Act. Creates a Technology Development Fund for use by the State Treasurer in paying the expenses of investments from the Technology Development Account. Permits the State Treasurer to use any excess for grants to schools to buy computers and to upgrade technology. Permits the State Treasurer to deposit up to 10% of the earnings on Account investments into the Fund. Effective immediately. 2/24/2005SenateFiled with Secretary by Sen. Kirk W. Dillard 2/24/2005SenateFirst Reading 2/24/2005SenateReferred to Rules 3/2/2005SenateAssigned to Commerce & Economic Development 3/8/2005SenateAdded as Chief Co-Sponsor Sen. John O. Jones 3/9/2005SenateDo Pass Commerce & Economic Development; 008-000-000 3/9/2005SenatePlaced on Calendar Order of 2nd Reading March 10, 2005 3/16/2005SenateSecond Reading 3/16/2005SenatePlaced on Calendar Order of 3rd Reading March 17, 2005 4/8/2005SenateAdded as Co-Sponsor Sen. Martin A. Sandoval 4/8/2005SenateThird Reading - Passed; 057-000-000 4/8/2005HouseArrived in House 4/8/2005HousePlaced on Calendar Order of First Reading 4/8/2005HouseChief House Sponsor Rep. Ruth Munson 4/11/2005HouseFirst Reading 4/11/2005HouseReferred to Rules Committee 4/20/2005HouseAssigned to Computer Technology Committee 4/28/2005HouseDo Pass / Short Debate Computer Technology Committee; 005-000-000 4/28/2005HousePlaced on Calendar 2nd Reading - Short Debate 4/28/2005HouseAdded Alternate Chief Co-Sponsor Rep. Constance A. Howard 4/28/2005HouseAdded Alternate Chief Co-Sponsor Rep. Milton Patterson 4/28/2005HouseAdded Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough 4/28/2005HouseAdded Alternate Chief Co-Sponsor Rep. Linda Chapa LaVia 4/28/2005HouseAdded Alternate Co-Sponsor Rep. Edward J. Acevedo 5/3/2005HouseSecond Reading - Short Debate 5/3/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/3/2005HouseAdded Alternate Co-Sponsor Rep. Kathleen A. Ryg 5/3/2005HouseAdded Alternate Co-Sponsor Rep. Annazette Collins 5/5/2005HouseThird Reading - Short Debate - Passed 115-000-000 5/5/2005SenatePassed Both Houses 5/5/2005HouseAdded Alternate Co-Sponsor Rep. Aaron Schock 5/17/2005HouseAdded Alternate Co-Sponsor Rep. Wyvetter H. Younge 6/3/2005SenateSent to the Governor 8/1/2005SenateGovernor Approved 8/1/2005SenateEffective Date August 1, 2005 8/1/2005SenatePublic Act . . . . . . . . . 94-0395