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1
HOUSE RESOLUTION

 
2     RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
3 NINETY-THIRD GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
4 there is created the Community Investment Corporation
5 Development Task Force consisting of 9 members appointed as
6 follows: one member appointed by the Director of Commerce and
7 Economic Opportunity, 2 members appointed by the President of
8 the Senate, 2 members appointed by the Minority Leader of the
9 Senate, 2 members appointed by the Speaker of the House of
10 Representatives, and 2 members appointed by the Minority Leader
11 of the House of Representatives; and be it further
 
12     RESOLVED, That the Task Force must gather information
13 regarding the establishment and operation of community
14 investment corporations in the State, including information:
15         (1) establishing policies regarding community
16 investment corporations;
17         (2) approving community investment corporations in the
18 State or regionally;
19         (3) establishing guidelines for local referenda to
20 determine the participation plan for allocation,
21 shareholder governance rights, and repurchase of shares of
22 community investment corporations; and
23         (4) establishing tax incentives for community
24 investment corporations in order to encourage their use and
25 effectiveness; and be it further
 
26     RESOLVED, That the Task Force must report its findings to
27 the General Assembly on or before December 31, 2004; and be it
28 further
 
29     RESOLVED, That a copy of this resolution be presented to
30 the Director of Commerce and Economic Opportunity, the
31 President of the Senate, the Minority Leader of the Senate, the
32 Speaker of the House of Representatives, and the Minority

 

 

HR0726 - 2 - LRB093 21445 BDD 48225 r

1 Leader of the House of Representatives.