Fabio
170 lines
12 KiB
Markdown
170 lines
12 KiB
Markdown
---
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type: "Bill"
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title: "OPPORTUNITY FUND ACT"
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description: "Creates the Illinois Opportunity Fund Act. Contains provisions intended to increase the availability and facilitate the delivery of institutional venture capital and private equity investment to emerging and expanding enterprises in the State of Illinois. Defines the role of the Department of Commerce and Economic Opportunity. Creates the Illinois Opportunity Fund and provides for the creation of the Illinois Capital Investment Corporation. Amends the State Finance Act to create the Illinois Opportunity Special Projects Fund. Amends the Illinois State Auditing Act to authorize audits of the Corporation and the Fund. Contains other provisions. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "94th"
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identifier: "SB 14"
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citation: "Illinois SB 14 (94th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 104
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vote_count: 4
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first_action: "2005-01-26"
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last_action: "2006-05-19"
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source: "openstates"
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source_identifier: "ocd-bill/85337709-b1c0-4f95-90e9-f0b9dad1e939"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=14&GAID=8&DocTypeID=SB&LegId=14828&SessionID=50&GA=94"
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source_hash: "46701a06cc36e106204c51b203a282c5e2ef6110f02fe584580359297cdfdf20"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 14 (94th) — OPPORTUNITY FUND ACT
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Creates the Illinois Opportunity Fund Act. Contains provisions intended to increase the availability and facilitate the delivery of institutional venture capital and private equity investment to emerging and expanding enterprises in the State of Illinois. Defines the role of the Department of Commerce and Economic Opportunity. Creates the Illinois Opportunity Fund and provides for the creation of the Illinois Capital Investment Corporation. Amends the State Finance Act to create the Illinois Opportunity Special Projects Fund. Amends the Illinois State Auditing Act to authorize audits of the Corporation and the Fund. Contains other provisions. Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0014&GA=94&SessionId=50&DocTypeId=SB&LegID=14828&DocNum=14&GAID=8&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0014eng&GA=94&SessionId=50&DocTypeId=SB&LegID=14828&DocNum=14&GAID=8&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0014enr&GA=94&SessionId=50&DocTypeId=SB&LegID=14828&DocNum=14&GAID=8&Session=&print=true)
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## Votes
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- Concurrence, Amendment 2 — **32–26** (pass) · upper
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- Third Reading — **63–50** (pass) · lower
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- Third Reading — **49–6** (pass) · upper
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- Concurrence — **32–26** (pass) · upper
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## Sponsors
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- Annazette Collins — cosponsor (person)
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- Arthur L. Turner — cosponsor (person)
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- Donne E. Trotter — primary (person)
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- Kathleen A. Ryg — cosponsor (person)
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- Milton Patterson — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2005-01-26** Filed with Secretary by Sen. Emil Jones, Jr. `filing`
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- **2005-01-26** Chief Co-Sponsor Sen. Don Harmon
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- **2005-01-26** First Reading `reading-1`
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- **2005-01-26** Referred to Rules `referral-committee`
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- **2005-01-31** Added as Chief Co-Sponsor Sen. Mattie Hunter
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- **2005-02-03** Assigned to Commerce & Economic Development `referral-committee`
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- **2005-02-16** Added as Chief Co-Sponsor Sen. Ira I. Silverstein
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- **2005-03-03** Postponed - Commerce & Economic Development
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- **2005-03-03** Fiscal Note Filed from the Commission on Government Forecasting and Accountability (formerly the Illinois Economic and Fiscal Commission)
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- **2005-03-03** Added as Co-Sponsor Sen. Martin A. Sandoval
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- **2005-03-09** Postponed - Commerce & Economic Development
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- **2005-03-17** Do Pass Commerce & Economic Development; 010-000-000 `committee-passage`
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- **2005-03-17** Placed on Calendar Order of 2nd Reading April 6, 2005
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- **2005-04-05** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Emil Jones, Jr. `amendment-introduction`
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- **2005-04-05** Senate Floor Amendment No. 1 Referred to Rules `referral-committee`
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- **2005-04-06** Senate Floor Amendment No. 1 Rules Refers to Commerce & Economic Development
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- **2005-04-08** Senate Floor Amendment No. 1 Recommend Do Adopt Commerce & Economic Development; 006-000-000
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- **2005-04-08** Added as Co-Sponsor Sen. Iris Y. Martinez
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- **2005-04-08** Added as Co-Sponsor Sen. James T. Meeks
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- **2005-04-11** Added as Co-Sponsor Sen. Arthur J. Wilhelmi
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- **2005-04-11** Second Reading `reading-2`
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- **2005-04-11** Senate Floor Amendment No. 1 Adopted; E. Jones `amendment-passage`
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- **2005-04-11** Placed on Calendar Order of 3rd Reading April 12, 2005
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- **2005-04-12** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Emil Jones, Jr. `amendment-introduction`
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- **2005-04-12** Senate Floor Amendment No. 2 Referred to Rules `referral-committee`
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- **2005-04-12** Senate Floor Amendment No. 2 Rules Refers to Commerce & Economic Development
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- **2005-04-13** Senate Floor Amendment No. 2 Recommend Do Adopt Commerce & Economic Development; 006-003-000
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- **2005-04-15** Rule 2-10 Third Reading Deadline Extended to May 31, 2005 `reading-3`
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- **2005-04-20** Senate Floor Amendment No. 3 Filed with Secretary by Sen. Emil Jones, Jr. `amendment-introduction`
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- **2005-04-20** Senate Floor Amendment No. 3 Referred to Rules `referral-committee`
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- **2005-04-20** Senate Floor Amendment No. 3 Rules Refers to Commerce & Economic Development
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- **2005-04-21** Senate Floor Amendment No. 3 Recommend Do Adopt Commerce & Economic Development; 007-000-000
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- **2005-04-21** Recalled to Second Reading `reading-2`
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- **2005-04-21** Senate Floor Amendment No. 2 Tabled Harmon `amendment-failure`
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- **2005-04-21** Senate Floor Amendment No. 3 Adopted; E. Jones `amendment-passage`
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- **2005-04-21** Placed on Calendar Order of 3rd Reading
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- **2005-04-21** Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
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- **2005-04-21** Added as Co-Sponsor Sen. Dan Rutherford
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- **2005-04-21** Added as Co-Sponsor Sen. Kirk W. Dillard
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- **2005-04-21** Third Reading - Passed; 049-006-000 `reading-3, passage`
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- **2005-04-21** Arrived in House `introduction`
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- **2005-04-21** Placed on Calendar Order of First Reading `reading-1`
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- **2005-04-21** Chief House Sponsor Rep. Marlow H. Colvin
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- **2005-04-26** Added Alternate Co-Sponsor Rep. Milton Patterson
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- **2005-04-26** First Reading `reading-1`
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- **2005-04-26** Referred to Rules Committee `referral-committee`
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- **2005-04-26** Referred to Executive Committee `referral-committee`
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- **2005-05-11** Added Alternate Co-Sponsor Rep. Arthur L. Turner
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- **2005-05-13** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2005-05-27** Final Action Deadline Extended-9(b) May 31, 2005
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- **2005-05-27** Assigned to Executive Committee `referral-committee`
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- **2005-05-27** Alternate Chief Sponsor Changed to Rep. Gary Hannig
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- **2005-05-27** Motion to Suspend Rule 25 - Prevailed
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- **2005-05-27** House Committee Amendment No. 1 Filed with Clerk by Executive Committee `amendment-introduction`
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- **2005-05-27** House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote `amendment-passage`
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- **2005-05-27** Do Pass as Amended / Standard Debate Executive Committee; 007-005-000 `committee-passage`
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- **2005-05-27** Placed on Calendar 2nd Reading - Standard Debate
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- **2005-05-27** Second Reading - Standard Debate `reading-2`
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- **2005-05-27** Held on Calendar Order of Second Reading - Standard Debate `reading-2`
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- **2005-05-30** Added Alternate Co-Sponsor Rep. Annazette Collins
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- **2005-05-30** Added Alternate Co-Sponsor Rep. Kathleen A. Ryg
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- **2005-05-31** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
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- **2006-04-10** Final Action Deadline Extended-9(b) April 13, 2006
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- **2006-04-10** Approved for Consideration Rules Committee; 003-001-000
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- **2006-04-10** Placed on Calendar 2nd Reading - Standard Debate
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- **2006-04-13** Final Action Deadline Extended-9(b) April 30, 2006
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- **2006-04-17** House Floor Amendment No. 2 Filed with Clerk by Rep. Jay C. Hoffman `amendment-introduction`
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- **2006-04-17** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2006-04-17** House Floor Amendment No. 2 Rules Refers to State Government Administration Committee
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- **2006-04-18** Fiscal Note Filed As Amended by HA 2
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- **2006-04-18** Balanced Budget Note Filed As Amended by HA 2
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- **2006-04-18** Judicial Note Filed As Amended by HA 2
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- **2006-04-18** State Debt Impact Note Filed As Amended by HA 2
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- **2006-04-18** Pension Note Filed As Amended by HA 2
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- **2006-04-18** Correctional Note Filed As Amended by HA 2
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- **2006-04-18** Housing Affordability Impact Note Filed As Amended by HA 2
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- **2006-04-18** Home Rule Note Filed As Amended by HA 2
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- **2006-04-18** State Mandates Fiscal Note Filed As Amended by HA 2
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- **2006-04-18** Alternate Chief Sponsor Changed to Rep. Jay C. Hoffman
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- **2006-04-19** House Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 005-004-000 `committee-passage-favorable`
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- **2006-04-24** Sponsor Removed Sen. Dan Rutherford
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- **2006-04-30** Final Action Deadline Extended-9(b) May 5, 2006
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- **2006-05-03** Chief Sponsor Changed to Sen. Donne E. Trotter
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- **2006-05-03** House Floor Amendment No. 2 Adopted by Voice Vote `amendment-passage`
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- **2006-05-03** Placed on Calendar Order of 3rd Reading - Standard Debate
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- **2006-05-03** Third Reading - Standard Debate - Passed 063-050-000 `reading-3, passage`
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- **2006-05-03** Secretary's Desk - Concurrence House Amendment(s) 01,02
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- **2006-05-03** Placed on Calendar Order of Concurrence House Amendment(s) 01,02-May 4, 2006
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- **2006-05-04** Sponsor Removed Sen. Kirk W. Dillard
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- **2006-05-04** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Donne E. Trotter `filing`
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- **2006-05-04** House Committee Amendment No. 1 Motion to Concur Referred to Rules `referral-committee`
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- **2006-05-04** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Donne E. Trotter `filing`
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- **2006-05-04** House Floor Amendment No. 2 Motion to Concur Referred to Rules `referral-committee`
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- **2006-05-04** House Committee Amendment No. 1 Motion to Concur Rules Referred to Executive `referral-committee`
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- **2006-05-04** House Floor Amendment No. 2 Motion to Concur Rules Referred to Executive `referral-committee`
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- **2006-05-04** House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 007-005-000
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- **2006-05-04** House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 007-005-000
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- **2006-05-04** House Committee Amendment No. 1 Senate Concurs 032-026-000
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- **2006-05-04** House Floor Amendment No. 2 Senate Concurs 032-026-000
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- **2006-05-04** Passed Both Houses
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- **2006-05-18** Sent to the Governor `executive-receipt`
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- **2006-05-19** Governor Approved `executive-signature`
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- **2006-05-19** Effective Date May 19, 2006
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- **2006-05-19** Public Act . . . . . . . . . 94-0774 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/85337709-b1c0-4f95-90e9-f0b9dad1e939`. Confidence: reported (aggregated from official Illinois legislature records).
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