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<xml>
<title>Illinois General Assembly - Bill Status for HB 2852   </title>
<shortdesc>FINANCE-TECHNOLOGY ACCOUNT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Tom Cross-Jason Barickman-David Harris-Darlene J. Senger</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 265/11 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Technology Development Act. Authorizes the State Treasurer to segregate up to 2% of the Treasurer's investment portfolio in Technology Development Account IIa, an account that shall be maintained separately and apart from other moneys invested by the Treasurer. Authorizes investments from that account to provide venture capital to technology businesses seeking to locate, expand, or remain in Illinois. Contains provisions concerning the solicitation of proposals from entities to manage and be the General Partner of Technology Development Account IIb, an account consisting of investments from private sector investors. Authorizes the Treasurer to enter into an agreement with the entity managing TDA IIb to advise on the investment strategy of TDA IIa and TDA IIb. Specifies certain limitations that apply to these accounts. Defines "technology business", "venture capital", "Illinois venture capital firm", and "track record". Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/22/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Tom Cross</action>
<statusdate>2/22/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/22/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/24/2011</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/1/2011</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jason Barickman</action>
<statusdate>3/1/2011</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. David Harris</action>
<statusdate>3/1/2011</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Darlene J. Senger</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

