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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: "Bill"
title: "FINANCE-SMALL BUSINESS FUND"
description: "Amends the State Finance Act. Creates the Small Business Development Grant Fund. Provides that moneys in the Fund shall be used, subject to appropriation, by the Department of Commerce and Economic Opportunity to make grants (i) to small businesses in the State that commit to using the grant moneys to create additional jobs, (ii) to small businesses from outside of the State that commit to relocate within the State, and (iii) for individual projects that create 100 or fewer additional jobs. Provides that the Department must give priority to (i) minority owned businesses, (ii) female owned businesses, (iii) businesses owned by a person with a disability, (iv) businesses that pledge not to use the grant moneys as additional compensation for an executive, and (v) businesses that have as their primary purpose the provision of energy derived from renewable energy technology. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "97th"
identifier: "HB 2073"
citation: "Illinois HB 2073 (97th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 42
vote_count: 2
first_action: "2011-02-17"
last_action: "2011-08-16"
source: "openstates"
source_identifier: "ocd-bill/3df37840-0986-4869-945a-793d09a408f7"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2073&GAID=11&DocTypeID=HB&LegId=59286&SessionID=84&GA=97"
source_hash: "d53193e2f58ccfb39fe21b7969de540dbd0f3239f402013c01581c27c8ae0186"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---
# Illinois HB 2073 (97th) — FINANCE-SMALL BUSINESS FUND
Amends the State Finance Act. Creates the Small Business Development Grant Fund. Provides that moneys in the Fund shall be used, subject to appropriation, by the Department of Commerce and Economic Opportunity to make grants (i) to small businesses in the State that commit to using the grant moneys to create additional jobs, (ii) to small businesses from outside of the State that commit to relocate within the State, and (iii) for individual projects that create 100 or fewer additional jobs. Provides that the Department must give priority to (i) minority owned businesses, (ii) female owned businesses, (iii) businesses owned by a person with a disability, (iv) businesses that pledge not to use the grant moneys as additional compensation for an executive, and (v) businesses that have as their primary purpose the provision of energy derived from renewable energy technology. Effective immediately.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700HB2073&GA=97&SessionId=84&DocTypeId=HB&LegID=59286&DocNum=2073&GAID=11&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700HB2073eng&GA=97&SessionId=84&DocTypeId=HB&LegID=59286&DocNum=2073&GAID=11&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700HB2073enr&GA=97&SessionId=84&DocTypeId=HB&LegID=59286&DocNum=2073&GAID=11&Session=&print=true)
## Votes
- Third Reading — **107–0** (pass) · lower
- Third Reading — **55–0** (pass) · upper
## Sponsors
- Lou Lang — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2011-02-17** Filed with the Clerk by Rep. Lou Lang `filing`
- **2011-02-22** First Reading `reading-1`
- **2011-02-22** Referred to Rules Committee `referral-committee`
- **2011-02-24** Assigned to Small Business Empowerment & Workforce Development Committee `referral-committee`
- **2011-03-02** Do Pass / Short Debate Small Business Empowerment & Workforce Development Committee; 019-000-000 `committee-passage`
- **2011-03-02** Added Co-Sponsor Rep. Michael G. Connelly
- **2011-03-03** Placed on Calendar 2nd Reading - Short Debate
- **2011-03-03** Added Chief Co-Sponsor Rep. La Shawn K. Ford
- **2011-03-03** Chief Co-Sponsor Changed to Rep. La Shawn K. Ford
- **2011-03-08** Second Reading - Short Debate `reading-2`
- **2011-03-08** Placed on Calendar Order of 3rd Reading - Short Debate
- **2011-03-10** Added Chief Co-Sponsor Rep. Marlow H. Colvin
- **2011-03-10** Chief Co-Sponsor Changed to Rep. Marlow H. Colvin
- **2011-03-10** Third Reading - Short Debate - Passed 107-000-000 `reading-3, passage`
- **2011-03-10** Added Chief Co-Sponsor Rep. Karen May
- **2011-03-10** Added Chief Co-Sponsor Rep. Jack D. Franks
- **2011-03-10** Added Co-Sponsor Rep. Keith Farnham
- **2011-03-10** Added Co-Sponsor Rep. Esther Golar
- **2011-03-10** Added Co-Sponsor Rep. Rita Mayfield
- **2011-03-10** Added Co-Sponsor Rep. Eddie Lee Jackson, Sr.
- **2011-03-10** Added Co-Sponsor Rep. Thomas Holbrook
- **2011-03-10** Added Co-Sponsor Rep. Al Riley
- **2011-03-10** Added Co-Sponsor Rep. Fred Crespo
- **2011-03-10** Added Co-Sponsor Rep. Linda Chapa LaVia
- **2011-03-10** Added Co-Sponsor Rep. Robyn Gabel
- **2011-03-14** Arrive in Senate `introduction`
- **2011-03-14** Placed on Calendar Order of First Reading March 15, 2011 `reading-1`
- **2011-03-15** Chief Senate Sponsor Sen. Ira I. Silverstein
- **2011-03-16** First Reading `reading-1`
- **2011-03-16** Referred to Assignments `referral-committee`
- **2011-04-27** Assigned to Commerce `referral-committee`
- **2011-05-04** Postponed - Commerce
- **2011-05-13** Do Pass Commerce; 008-000-000 `committee-passage`
- **2011-05-13** Placed on Calendar Order of 2nd Reading May 16, 2011
- **2011-05-18** Second Reading `reading-2`
- **2011-05-18** Placed on Calendar Order of 3rd Reading May 19, 2011
- **2011-05-19** Third Reading - Passed; 055-000-000 `reading-3, passage`
- **2011-05-19** Passed Both Houses
- **2011-06-17** Sent to the Governor `executive-receipt`
- **2011-08-16** Governor Approved `executive-signature`
- **2011-08-16** Effective Date August 16, 2011
- **2011-08-16** Public Act . . . . . . . . . 97-0406 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3df37840-0986-4869-945a-793d09a408f7`. Confidence: reported (aggregated from official Illinois legislature records).
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