100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB1120

 

Introduced , by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
30 ILCS 265/5

    Amends the Technology Development Act. Makes a technical change in a Section concerning the purpose of the Act.


LRB100 02284 MLM 12289 b

 

 

A BILL FOR

 

HB1120LRB100 02284 MLM 12289 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Technology Development Act is amended by
5changing Section 5 as follows:
 
6    (30 ILCS 265/5)
7    Sec. 5. Policy. The The Illinois General Assembly finds
8that it is important for the State to encourage technology
9development in the State. The purpose of this Act is to
10attract, assist, and retain quality technology businesses in
11Illinois. The creation of the Technology Development Account
12will allow the State to bring together, and add to, Illinois'
13rich science, technology, and business communities.
14(Source: P.A. 92-851, eff. 8-26-02.)