republic-os/legislation/us/states/il/103rd/sb-3807.md

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

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	BUILD ILLINOIS ACT-LOAN LIMIT	Amends the Build Illinois Act. Provides that the amount of small business loans made to minority persons, veterans, females, or persons with a disability under the Act shall not exceed $2,000,000 (rather than $400,000) or 50% of the business project costs unless the Director of Commerce and Economic Development determines that a waiver of these limits is required to meet the purposes of the Act. Provides that eligible projects under those provisions include refinancing current debt if the loan will refinance a loan previously made by a lender that is unaffiliated with the financial intermediary making the new loan and the proceeds of the refinance transaction are not used to finance an extraordinary dividend or other distribution.	us/states/il	Illinois General Assembly	103rd	SB 3807	Illinois SB 3807 (103rd)	bill		enacted	Carol Ammons Celina Villanueva	3	34	4	2024-02-09	2024-08-09	openstates	ocd-bill/fab5c62a-03b8-46a8-8a23-cbe6b1824a2d	https://beta.ilga.gov/Legislation/BillStatus?DocNum=3807&GAID=17&DocTypeID=SB&LegId=154035&SessionID=112	97f89cedd23bbd92dc5c8a19e63e955f8001ffb3a787f4abc8331cf30e86e8c9	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 3807 (103rd) — BUILD ILLINOIS ACT-LOAN LIMIT

Amends the Build Illinois Act. Provides that the amount of small business loans made to minority persons, veterans, females, or persons with a disability under the Act shall not exceed $2,000,000 (rather than $400,000) or 50% of the business project costs unless the Director of Commerce and Economic Development determines that a waiver of these limits is required to meet the purposes of the Act. Provides that eligible projects under those provisions include refinancing current debt if the loan will refinance a loan previously made by a lender that is unaffiliated with the financial intermediary making the new loan and the proceeds of the refinance transaction are not used to finance an extraordinary dividend or other distribution.

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 — 109–0 (pass) · lower
• Third Reading — 54–3 (pass) · lower
• Small Business, Tech Innovation — 10–0 (pass) · lower
• Executive — 11–0 (pass) · lower

Sponsors

• Carol Ammons — primary (person)
• Celina Villanueva — primary (person)
• Brandun Schweizer — cosponsor (person)
• Curtis J. Tarver, II — cosponsor (person)
• Dagmara Avelar — cosponsor (person)
• Kevin Schmidt — cosponsor (person)
• Mary Edly-Allen — cosponsor (person)
• Paul Faraci — cosponsor (person)
• Yolonda Morris — cosponsor (person)

Timeline

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

• 2024-02-09 Filed with Secretary by Sen. Celina Villanueva filing
• 2024-02-09 First Reading reading-1
• 2024-02-09 Referred to Assignments
• 2024-02-28 Assigned to Executive referral-committee
• 2024-02-28 Added as Chief Co-Sponsor Sen. Paul Faraci
• 2024-03-07 Do Pass Executive; 011-000-000
• 2024-03-07 Placed on Calendar Order of 2nd Reading March 12, 2024 reading-2
• 2024-03-14 Second Reading reading-2
• 2024-03-14 Placed on Calendar Order of 3rd Reading March 20, 2024
• 2024-04-10 Placed on Calendar Order of 3rd Reading **
• 2024-04-11 Added as Co-Sponsor Sen. Mary Edly-Allen
• 2024-04-12 Third Reading - Passed; 054-003-000 passage, reading-3
• 2024-04-12 Arrived in House introduction
• 2024-04-15 Chief House Sponsor Rep. Carol Ammons
• 2024-04-15 First Reading reading-1
• 2024-04-15 Referred to Rules Committee
• 2024-04-24 Assigned to Small Business, Tech Innovation, and Entrepreneurship Committee referral-committee
• 2024-05-02 Do Pass / Short Debate Small Business, Tech Innovation, and Entrepreneurship Committee; 010-000-000
• 2024-05-02 Placed on Calendar 2nd Reading - Short Debate reading-2
• 2024-05-16 Second Reading - Short Debate reading-2
• 2024-05-16 Held on Calendar Order of Second Reading - Short Debate reading-2
• 2024-05-17 Third Reading/Final Action Deadline Extended-9(b) May 24, 2024
• 2024-05-22 Added Alternate Chief Co-Sponsor Rep. Dagmara Avelar
• 2024-05-23 Placed on Calendar Order of 3rd Reading - Short Debate
• 2024-05-23 Third Reading - Short Debate - Passed 109-000-000 passage, reading-3
• 2024-05-23 Passed Both Houses
• 2024-05-23 Added Alternate Chief Co-Sponsor Rep. Curtis J. Tarver, II
• 2024-05-23 Added Alternate Chief Co-Sponsor Rep. Yolonda Morris
• 2024-05-23 Added Alternate Chief Co-Sponsor Rep. Brandun Schweizer
• 2024-05-23 Added Alternate Co-Sponsor Rep. Kevin Schmidt
• 2024-06-21 Sent to the Governor executive-receipt
• 2024-08-09 Governor Approved executive-signature
• 2024-08-09 Effective Date January 1, 2025
• 2024-08-09 Public Act . . . . . . . . . 103-1051 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/fab5c62a-03b8-46a8-8a23-cbe6b1824a2d. Confidence: reported (aggregated from official Illinois legislature records).