HB5781 94TH GENERAL ASSEMBLY

LRB094 20213 RSP 58070 b

94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB5781

Introduced 04/07/06, by Rep. Kurt M. Granberg

SYNOPSIS AS INTRODUCED:

20 ILCS 605/605-430 new

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that, subject to appropriation, the Department of Commerce and Economic Opportunity shall establish the Technology-Based Economic Development Council to help promote and develop technology-based business and industry in Illinois. Sets forth that the purposes of this Council is to: (i) provide leadership to technology-based business and industry in Illinois by defining goals and objectives for technology-based economic development and by identifying means of achieving these goals and objectives; (ii) gather and disseminate information on issues particular to technology-based economic development; (iii) facilitate innovative partnerships between public and private entities that promotes the growth of technology-based business and industry in this State; (iv) streamline technology-based economic development revenue from private and public sources; and (v) enhance opportunities for technology-based business and industry in Illinois. Authorizes the Council to provide programs, events, organizational support, and other value added services that support the Council's purpose. Provides that the membership of the Council shall include: 2 representatives of the Department of Commerce and Economic Opportunity, appointed by the Department; 5 representatives of technology-based business and industry who are knowledgable about issues particular to technology-based economic development and who represent diverse geographic areas of the State, appointed by the Governor; and 4 representatives of technology-based business and industry who are knowledgable about issues particular to technology-based economic development, appointed by each of the 4 legislative leaders. Defines "technology-based business and industry" and "technology-based economic development".

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois is amended by adding Section 605-430 as follows:

(20 ILCS 605/605-430 new)

Sec. 605-430. Technology-Based Economic Development Council.

(a) Subject to appropriation, the Department shall establish the Technology-Based Economic Development Council to help promote and develop technology-based business and industry in Illinois. The purpose of this Council shall be:

(i) to provide leadership to technology-based business and industry in Illinois by defining goals and objectives for technology-based economic development and by identifying means of achieving these goals and objectives, to include, without limitation, the development of a statewide public policy on technology-based economic development;

(ii) to gather and disseminate information on issues particular to technology-based economic development;

(iii) to facilitate innovative partnerships between public and private entities that promotes the growth of technology-based business and industry in this State;

(iv) to streamline technology-based economic development revenue from private and public sources; and

(v) to enhance opportunities for technology-based business and industry in Illinois.

(b) The Council may provide programs, events, organizational support, and other value added services that support the Council's purpose to include, without limitation, technology expos, statewide innovation fairs, recognition for new and existing businesses with excellence in technology development, and technology-based training.

(c) The Council shall consist of 11 members appointed as follows:

(i) 2 representatives of the Department of Commerce and Economic Opportunity, appointed by the Department;

(ii) 5 representatives of technology-based business and industry who are knowledgable about issues particular to technology-based economic development and who represent diverse geographic areas of the State, appointed by the Governor; and

(iii) 4 representatives of technology-based business and industry who are knowledgable about issues particular to technology-based economic development, appointed by each of the 4 legislative leaders (the President and Minority Leader of the Senate and the Speaker and the Minority Leader of the House of Representatives).

(d) The Council members shall receive no compensation for their services but shall be reimbursed for their expenses actually incurred by them in the performance of their duties under this Section. The Department shall provide staff services to the Council. The Council shall consult with the Technology Innovation and Commercialization Grants-In-Aid Council in the performance of its duties.

(e) for purposes of this Section:

"Technology-based business and industry" means information technology and other public or private enterprises that produce technology-related goods and services or that use technology to enhance the value of the goods and services they produce.

"Technology-based economic development" means efforts that grow wealth by seeking to create, retain, expand, attract, or transform a highly competitive technology-based business and industry enterprise.