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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill TREASURER-TECH DEVELOPMENT Amends the Technology Development Act. Provides that the State Treasurer may segregate a portion of the Treasurer's State investment portfolio that at no time shall be greater than 5% (rather than 2%) of the portfolio, in the Technology Development Account IIa. Provides further requirements regarding investment in Technology Development Account IIa. Provides that the Treasurer may solicit proposals from entities to manage and be the general partner of a separate fund consisting of investments from private sector investors that must invest, at the direction of the general partner (rather than Treasurer), in tandem with Technology Development Account IIa in a pro-rata portion. Provides that moneys in Technology Development Account IIa may be invested by the State Treasurer to provide venture capital to technology businesses, including co-investments. Provides that in no case shall more than 15% (rather than 10%) of the capital in the Technology Development Account IIa be invested in firms based outside of Illinois. Requires any Technology Development Account II-Recipient Fund to report the specified additional information to the Treasurer on a quarterly or annual basis as determined by the Treasurer. Removes language prohibiting the State Treasurer from investing more than one-third of Technology Development Account II in any given calendar year. Modifies the purpose of the Act. Makes conforming and technical changes. Defines terms. us/states/il Illinois General Assembly 100th SB 3205 Illinois SB 3205 (100th)
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3 40 2 2018-02-16 2018-08-24 openstates ocd-bill/870c3847-1227-481a-a2f6-0f47ceee942c http://ilga.gov/legislation/BillStatus.asp?DocNum=3205&GAID=14&DocTypeID=SB&LegId=110900&SessionID=91&GA=100 412e53d1eae55e5c8ac67d23e25db5f585bd26545cb7b417181a83f088fe4728 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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Illinois SB 3205 (100th) — TREASURER-TECH DEVELOPMENT

Amends the Technology Development Act. Provides that the State Treasurer may segregate a portion of the Treasurer's State investment portfolio that at no time shall be greater than 5% (rather than 2%) of the portfolio, in the Technology Development Account IIa. Provides further requirements regarding investment in Technology Development Account IIa. Provides that the Treasurer may solicit proposals from entities to manage and be the general partner of a separate fund consisting of investments from private sector investors that must invest, at the direction of the general partner (rather than Treasurer), in tandem with Technology Development Account IIa in a pro-rata portion. Provides that moneys in Technology Development Account IIa may be invested by the State Treasurer to provide venture capital to technology businesses, including co-investments. Provides that in no case shall more than 15% (rather than 10%) of the capital in the Technology Development Account IIa be invested in firms based outside of Illinois. Requires any Technology Development Account II-Recipient Fund to report the specified additional information to the Treasurer on a quarterly or annual basis as determined by the Treasurer. Removes language prohibiting the State Treasurer from investing more than one-third of Technology Development Account II in any given calendar year. Modifies the purpose of the Act. Makes conforming and technical changes. Defines terms.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Third Reading — 54–0 (pass) · upper
  • Third Reading — 113–0 (pass) · lower

Sponsors

  • David S. Olsen — cosponsor (person)
  • Don Harmon — primary (person)
  • Fred Crespo — cosponsor (person)
  • Laura Fine — cosponsor (person)
  • Peter Breen — cosponsor (person)
  • Stephanie A. Kifowit — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2018-02-16 Filed with Secretary by Sen. Don Harmon filing
  • 2018-02-16 First Reading reading-1
  • 2018-02-16 Referred to Assignments referral-committee
  • 2018-02-27 Assigned to Commerce and Economic Development referral-committee
  • 2018-04-06 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon amendment-introduction
  • 2018-04-06 Senate Committee Amendment No. 1 Referred to Assignments referral-committee
  • 2018-04-10 Senate Committee Amendment No. 1 Assignments Refers to Commerce and Economic Development
  • 2018-04-11 Added as Chief Co-Sponsor Sen. Patricia Van Pelt
  • 2018-04-12 Senate Committee Amendment No. 1 Adopted amendment-passage
  • 2018-04-12 Do Pass as Amended Commerce and Economic Development; 010-000-000 committee-passage
  • 2018-04-12 Placed on Calendar Order of 2nd Reading April 17, 2018
  • 2018-04-18 Added as Chief Co-Sponsor Sen. Iris Y. Martinez
  • 2018-04-23 Second Reading reading-2
  • 2018-04-23 Placed on Calendar Order of 3rd Reading April 24, 2018
  • 2018-04-26 Third Reading - Passed; 054-000-000 reading-3, passage
  • 2018-04-26 Arrived in House introduction
  • 2018-04-26 Chief House Sponsor Rep. John Connor
  • 2018-04-26 First Reading reading-1
  • 2018-04-26 Referred to Rules Committee referral-committee
  • 2018-04-26 Added Alternate Chief Co-Sponsor Rep. David McSweeney
  • 2018-04-26 Added Alternate Chief Co-Sponsor Rep. Anna Moeller
  • 2018-04-26 Added Alternate Chief Co-Sponsor Rep. Natalie A. Manley
  • 2018-04-26 Added Alternate Chief Co-Sponsor Rep. Jonathan Carroll
  • 2018-04-26 Added Alternate Co-Sponsor Rep. Fred Crespo
  • 2018-04-27 Added Alternate Co-Sponsor Rep. Laura Fine
  • 2018-04-27 Added Alternate Co-Sponsor Rep. Stephanie A. Kifowit
  • 2018-05-03 Added Alternate Co-Sponsor Rep. Peter Breen
  • 2018-05-07 Assigned to State Government Administration Committee referral-committee
  • 2018-05-16 Do Pass / Short Debate State Government Administration Committee; 007-000-000 committee-passage
  • 2018-05-18 Placed on Calendar 2nd Reading - Short Debate
  • 2018-05-21 Second Reading - Short Debate reading-2
  • 2018-05-21 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2018-05-25 Final Action Deadline Extended-9(b) May 31, 2018
  • 2018-05-28 Added Alternate Co-Sponsor Rep. David S. Olsen
  • 2018-05-28 Third Reading - Short Debate - Passed 113-000-000 reading-3, passage
  • 2018-05-28 Passed Both Houses
  • 2018-06-26 Sent to the Governor executive-receipt
  • 2018-08-24 Governor Approved executive-signature
  • 2018-08-24 Effective Date August 24, 2018
  • 2018-08-24 Public Act . . . . . . . . . 100-1081 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/870c3847-1227-481a-a2f6-0f47ceee942c. Confidence: reported (aggregated from official Illinois legislature records).

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