Fabio
112 lines
8.1 KiB
Markdown
112 lines
8.1 KiB
Markdown
---
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type: "Bill"
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title: "DCEO-RURAL MICROBUSINESS LOANS"
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description: "Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Rural Microbusiness Loan Program to provide $250,000 per fiscal year in loans for the establishment or support of businesses that: (i) employ 5 or fewer employees; (ii) are located in rural counties with a population of 100,000 or less; and (iii) are based on the production, processing, or marketing of agricultural products, forest products, cottage and craft products, or tourism. Limits the total amount of loans made to any borrower to $25,000 per fiscal year. Requires the Department to adopt rules concerning the administration of the program and to create a competitive application procedure. Requires a borrower to provide a certain portion of the financing for the project. Limits the term of the loan to no more than 5 years. Contains provisions concerning the interest rate, security required for the loan, and other terms. Provides that all interest generated by the loans shall be deposited into the Rural Microbusiness Loan Program Administrative Fund, a special fund in the State treasury, for the purpose of paying expenses related to the administration of the Rural Microbusiness Loan Program. Amends the State Finance Act to create the Rural Microbusiness Loan Program Administrative Fund. 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 15"
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citation: "Illinois SB 15 (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: 49
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vote_count: 2
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first_action: "2005-01-26"
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last_action: "2005-08-01"
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source: "openstates"
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source_identifier: "ocd-bill/bb427ad5-fac4-4d4c-b430-92bb3f729514"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=15&GAID=8&DocTypeID=SB&LegId=14829&SessionID=50&GA=94"
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source_hash: "00467155cbd6a724d1cd013b6d3ee8e951e53a24ece09369a4bf75d584505b2d"
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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 15 (94th) — DCEO-RURAL MICROBUSINESS LOANS
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Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Rural Microbusiness Loan Program to provide $250,000 per fiscal year in loans for the establishment or support of businesses that: (i) employ 5 or fewer employees; (ii) are located in rural counties with a population of 100,000 or less; and (iii) are based on the production, processing, or marketing of agricultural products, forest products, cottage and craft products, or tourism. Limits the total amount of loans made to any borrower to $25,000 per fiscal year. Requires the Department to adopt rules concerning the administration of the program and to create a competitive application procedure. Requires a borrower to provide a certain portion of the financing for the project. Limits the term of the loan to no more than 5 years. Contains provisions concerning the interest rate, security required for the loan, and other terms. Provides that all interest generated by the loans shall be deposited into the Rural Microbusiness Loan Program Administrative Fund, a special fund in the State treasury, for the purpose of paying expenses related to the administration of the Rural Microbusiness Loan Program. Amends the State Finance Act to create the Rural Microbusiness Loan Program Administrative Fund. 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=09400SB0015&GA=94&SessionId=50&DocTypeId=SB&LegID=14829&DocNum=15&GAID=8&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0015eng&GA=94&SessionId=50&DocTypeId=SB&LegID=14829&DocNum=15&GAID=8&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0015enr&GA=94&SessionId=50&DocTypeId=SB&LegID=14829&DocNum=15&GAID=8&Session=&print=true)
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## Votes
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- Third Reading — **58–0** (pass) · upper
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- Third Reading — **112–3** (pass) · lower
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## Sponsors
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- Careen M Gordon — cosponsor (person)
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- Cynthia Soto — cosponsor (person)
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- Gary Hannig — cosponsor (person)
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- John M. Sullivan — primary (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. John M. Sullivan `filing`
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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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- **2005-02-03** Assigned to Agriculture & Conservation `referral-committee`
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- **2005-02-16** Held in Agriculture & Conservation
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- **2005-02-17** Added as Chief Co-Sponsor Sen. Deanna Demuzio
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- **2005-02-24** Do Pass Agriculture & Conservation; 008-000-000 `committee-passage`
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- **2005-02-24** Placed on Calendar Order of 2nd Reading March 1, 2005
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- **2005-02-24** Fiscal Note Requested by Sen. Dale A. Righter
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- **2005-02-28** Added as Chief Co-Sponsor Sen. Jeffrey M. Schoenberg
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- **2005-03-03** Added as Co-Sponsor Sen. Martin A. Sandoval
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- **2005-03-03** Sponsor Removed Sen. Martin A. Sandoval
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- **2005-03-10** Fiscal Note Filed from the Illinois Department of Commerce and Economic Opportunity.
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- **2005-03-11** Added as Co-Sponsor Sen. Antonio Munoz
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- **2005-04-08** Senate Floor Amendment No. 1 Filed with Secretary by Sen. John M. Sullivan `amendment-introduction`
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- **2005-04-08** Senate Floor Amendment No. 1 Referred to Rules `referral-committee`
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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** Placed on Calendar Order of 3rd Reading April 12, 2005
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- **2005-04-11** Senate Floor Amendment No. 1 Rules Refers to Agriculture & Conservation
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- **2005-04-12** Senate Floor Amendment No. 1 Recommend Do Adopt Agriculture & Conservation; 007-000-000
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- **2005-04-14** Added as Chief Co-Sponsor Sen. Martin A. Sandoval
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- **2005-04-14** Recalled to Second Reading `reading-2`
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- **2005-04-14** Senate Floor Amendment No. 1 Adopted; J. Sullivan `amendment-passage`
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- **2005-04-14** Placed on Calendar Order of 3rd Reading
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- **2005-04-14** Third Reading - Passed; 058-000-000 `reading-3, passage`
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- **2005-04-14** Arrived in House `introduction`
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- **2005-04-14** Placed on Calendar Order of First Reading `reading-1`
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- **2005-04-14** Chief House Sponsor Rep. Robert F. Flider
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- **2005-04-14** First Reading `reading-1`
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- **2005-04-14** Referred to Rules Committee `referral-committee`
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- **2005-04-20** Assigned to International Trade & Commerce Committee `referral-committee`
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- **2005-04-27** Added Alternate Chief Co-Sponsor Rep. Daniel V. Beiser
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- **2005-04-27** Added Alternate Chief Co-Sponsor Rep. John E. Bradley
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- **2005-04-27** Do Pass / Short Debate International Trade & Commerce Committee; 013-000-000 `committee-passage`
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- **2005-04-28** Placed on Calendar 2nd Reading - Short Debate
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- **2005-04-28** Added Alternate Chief Co-Sponsor Rep. Kurt M. Granberg
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- **2005-05-03** Second Reading - Short Debate `reading-2`
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- **2005-05-03** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2005-05-03** Added Alternate Chief Co-Sponsor Rep. Lisa M. Dugan
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- **2005-05-03** Added Alternate Co-Sponsor Rep. Gary Hannig
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- **2005-05-04** Added Alternate Co-Sponsor Rep. Careen M Gordon
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- **2005-05-04** Third Reading - Short Debate - Passed 112-003-000 `reading-3, passage`
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- **2005-05-04** Passed Both Houses
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- **2005-05-18** Added Alternate Co-Sponsor Rep. Cynthia Soto
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- **2005-06-02** Sent to the Governor `executive-receipt`
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- **2005-08-01** Governor Approved `executive-signature`
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- **2005-08-01** Effective Date August 1, 2005
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- **2005-08-01** Public Act . . . . . . . . . 94-0392 `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/bb427ad5-fac4-4d4c-b430-92bb3f729514`. Confidence: reported (aggregated from official Illinois legislature records).
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