Synopsis As Introduced Creates the Trade Policy Task Force within the Illinois Department of Commerce and Economic Opportunity - Office of Trade and Investment to (1) analyze important issues relative to the growth of international trade from and to Illinois; (2) make recommendations to Congress, the United States Trade Representative, and the White House National Trade Council regarding trade policies that best serve Illinois; and (3) promote the exportation of goods and services from Illinois and the importation of goods and services into Illinois.
State Debt Impact Note (Government Forecasting & Accountability)
This legislation would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness.
Fiscal Note (Dept. of Commerce & Economic Opportunity)
The bill does not indicate a funding source for the Trade Policy Task Force other than specifying that expenses shall be the responsibility of the Department of Commerce and Economic Opportunity. Unless a special task force appropriation was provided, the expenses below would be classified as General Revenue Fund for one agency: (1) Cost for 28 members of the task force to spend 2 nights in Chicago for 1 meeting = $17,500; (2) Cost for 28 members of the task force to spend 4 nights for 2 meetings in Springfield = 20,944; (3) Estimated cost for a consultant to assist the Task Force = $50,000; (4) Estimated final report printing costs (50 or more copies) = $2,500; Total Estimate based on assumptions and available information = $90,944