90th General Assembly
Summary of HB0621
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House Sponsors:
FLOWERS-FEIGENHOLTZ-SCOTT-DART, HOWARD, KENNER AND SILVA.

Short description: 
MINORITY-FRANCHISE EQUITY                                                  

Synopsis of Bill as introduced:
        Creates the Minority and Female Franchise Equity Investment  Act.      
   Authorizes  the  Attorney General to administer a program of financial      
   assistance to enable minority and female owned businesses to  purchase      
   franchises.   Amends  the Franchise Disclosure Act of 1987 to increase      
   certain franchise fees.  Amends the State Finance Act  to  create  the      
   necessary special fund within the State treasury.                           
          CORRECTIONAL NOTE                                                    
          Minimal fiscal and prison population impact on DOC.                  
          FISCAL NOTE (Attorney General)                                       
          A separate bureau would require an annual budget of $727,651         
          initially. Subsequent supplemental funding would be necessary        
          as revenues generated would be insufficient for full funding.        
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          30 ILCS 105/5.449 new                                                
        Deletes everything.  Creates the Minority  and  Female  Franchise      
   Investment  Act.  Provides that the Director of Commerce and Community      
   Affairs shall administer a program to  encourage  the  development  of      
   franchises by minorities and women.  Sets the powers and duties of the      
   Director  with  respect  to  the  program.     Sets qualifications for      
   persons participating in the program.   Creates the Illinois Franchise      
   Trust Fund to  make  loans  to  qualifying  persons.   Contains  other      
   provisions.   Amends  the Franchise Disclosure Act of 1987 to increase      
   certain franchise fees.                                                     
          STATE MANDATES FISCAL NOTE, H-AM 1                                   
          HB621, amended by H-am 1, fails to create a State mandate.           
          HOME RULE NOTE, H-AM 1                                               
          HB621, amended by H-am 1, fails to preempt home rule authority.      
          FISCAL NOTE, H-AM 1 (DCCA)                                           
          Fiscal impact cannot be determined at this time.                     
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



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