Illinois General Assembly - Bill Status for SB3777
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 Bill Status of SB3777  98th General Assembly

Short Description:  TECHNOLOGY DEVELOPMENT ACCOUNT

Senate Sponsors
Sen. Christopher Belt, Bill Cunningham, Jason A. Barickman and Laura M. Murphy

House Sponsors
(Rep. LaToya Greenwood - Jonathan Carroll - Rita Mayfield and Elizabeth Hernandez)

Last Action
DateChamber Action
  5/27/2022SenatePublic Act . . . . . . . . . 102-1023

Statutes Amended In Order of Appearance
30 ILCS 265/11
30 ILCS 265/20


Synopsis As Introduced
Amends the Technology Development Act. Provides for additional specified information to be reported by a TDA II-Recipient Fund to the State Treasurer on a quarterly or annual basis for all investments. Provides for the allocation of the aggregate dollar amount available for new investments. Requires the State Treasurer to disclose on the website of the State Treasurer specified aggregate financial performance information for TDA II-Recipient Funds. Provides that the Technology Development Fund is a nonappropriated trust fund within the State treasury (rather than a special fund outside of the State treasury with the State Treasurer as custodian). Requires the State Treasurer to publish on his or her official website specified information regarding the Technology Development Fund for the previous fiscal year. Defines terms. Makes conforming changes.

Actions 
DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Christopher Belt
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments
  2/1/2022SenateAssigned to State Government
  2/7/2022SenateAdded as Co-Sponsor Sen. Bill Cunningham
  2/10/2022SenateDo Pass State Government; 009-000-000
  2/10/2022SenatePlaced on Calendar Order of 2nd Reading February 15, 2022
  2/10/2022SenateAdded as Co-Sponsor Sen. Jason A. Barickman
  2/15/2022SenateSecond Reading
  2/15/2022SenatePlaced on Calendar Order of 3rd Reading February 16, 2022
  2/16/2022SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  2/16/2022SenateThird Reading - Passed; 055-000-000
  2/16/2022HouseArrived in House
  2/16/2022HouseChief House Sponsor Rep. LaToya Greenwood
  2/16/2022HouseFirst Reading
  2/16/2022HouseReferred to Rules Committee
  3/7/2022HouseAssigned to State Government Administration Committee
  3/16/2022HouseDo Pass / Short Debate State Government Administration Committee; 008-000-000
  3/17/2022HousePlaced on Calendar 2nd Reading - Short Debate
  3/21/2022HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez
  3/23/2022HouseSecond Reading - Short Debate
  3/23/2022HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/1/2022HouseThird Reading - Short Debate - Passed 108-000-000
  4/1/2022SenatePassed Both Houses
  4/1/2022HouseAdded Alternate Chief Co-Sponsor Rep. Jonathan Carroll
  4/1/2022HouseAdded Alternate Chief Co-Sponsor Rep. Rita Mayfield
  4/29/2022SenateSent to the Governor
  5/27/2022SenateGovernor Approved
  5/27/2022SenateEffective Date January 1, 2023
  5/27/2022SenatePublic Act . . . . . . . . . 102-1023

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