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Synopsis As Introduced Creates the Illinois Titanium Powdered Metals Development Act. Creates the Illinois Titanium Powdered Metals Development Advisory Committee within the Department of Commerce and Economic Opportunity. Sets forth the membership of the Committee, including the Director of Commerce and Economic Opportunity and members appointed by the Governor and each of the legislative leaders. Sets forth the powers and duties of the Committee, including assisting with the growth and development of the titanium powdered metals industry within Illinois and the creation of a consortium or center that conducts, coordinates, and supports titanium powdered metals research, promotion, and marketing activities in the State. Requires the Committee to prepare and submit an annual report to the Governor and the General Assembly. Contains other provisions. Amends the Illinois Enterprise Zone Act. Provides that businesses that (i) intend to make minimum investment of $3,000,000 in titanium powdered metals manufacturing which will be placed in service in qualified property and (ii) intend to create or retain a minimum of 15 full-time equivalent jobs in titanium powdered metals manufacturing at a location in Illinois are considered high impact businesses. Effective immediately.
Creates the Titanium Powdered Metals Development Fund. Provides that all moneys collected under the Illinois Titanium Powdered Metals Development Act shall be deposited into the Fund. Provides that moneys in the Fund may be used by the Department solely for the purposes of this Act. Makes technical corrections.
Replaces everything after the enacting clause. Amends the Illinois Funeral or Burial Funds Act. Provides that the Comptroller may refuse to issue or may suspend or revoke a license if an applicant or licensee engages in a lockout, as defined in the Employment of Strikebreakers Act, and the Comptroller has reason to believe the lockout is negatively impacting the consumer. Effective immediately.
House Floor Amendment No. 2 Replaces everything after the enacting clause. Amends the Illinois Funeral or Burial Funds Act. Provides that the Comptroller may refuse to issue or may suspend or revoke a license if an applicant or licensee engages in a lockout, as defined in the Employment of Strikebreakers Act, and the Comptroller has reason to believe the lockout is negatively impacting the consumer. Effective immediately.
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