Full Text of SB2281 100th General Assembly
SB2281eng 100TH GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning State government.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Department of Commerce and Economic | 5 | | Opportunity Law of the
Civil Administrative Code of Illinois is | 6 | | amended by changing Section 605-1020 as follows: | 7 | | (20 ILCS 605/605-1020) | 8 | | Sec. 605-1020. Entrepreneur Learner's Permit pilot | 9 | | program. | 10 | | (a) Subject to appropriation, there is hereby established | 11 | | an Entrepreneur Learner's Permit pilot program that shall be | 12 | | administered by the Department beginning on July 1 of the first | 13 | | fiscal year for which an appropriation of State moneys is made | 14 | | for that purpose and continuing for the next 2 immediately | 15 | | succeeding fiscal years; however, the Department is not | 16 | | required to administer the program in any fiscal year for which | 17 | | such an appropriation has not been made. The purpose of the | 18 | | program shall be to encourage and assist beginning | 19 | | entrepreneurs in starting new information services, | 20 | | biotechnology, and green technology businesses by providing | 21 | | reimbursements to those entrepreneurs for any State filing, | 22 | | permitting, or licensing fees associated with the formation of | 23 | | such a business in the State. |
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| 1 | | (b) Applicants for participation in the Entrepreneur | 2 | | Learner's Permit pilot program shall apply to the Department, | 3 | | in a form and manner prescribed by the Department, within one | 4 | | year after prior to the formation of the business for which the | 5 | | entrepreneur seeks reimbursement of those fees. The Department | 6 | | shall adopt rules for the review and approval of applications, | 7 | | provided that it (1) shall give priority to applicants who are | 8 | | female or minority persons, or both, and (2) shall not approve | 9 | | any application by a person who will not be a beginning | 10 | | entrepreneur. Reimbursements under this Section shall be | 11 | | provided in the manner determined by the Department. In no | 12 | | event shall an applicant apply for participation in the program | 13 | | more than 3 times. | 14 | | (c) The aggregate amount of all reimbursements provided by | 15 | | the Department pursuant to this Section shall not exceed | 16 | | $500,000 in any State fiscal year. | 17 | | (d) On or before February 1 of the last calendar year | 18 | | during which the pilot program is in effect, the Department | 19 | | shall submit a report to the Governor and the General Assembly | 20 | | on the cumulative effectiveness of the Entrepreneur Learner's | 21 | | Permit pilot program. The review shall include, but not be | 22 | | limited to, the number and type of businesses that were formed | 23 | | in connection with the pilot program, the current status of | 24 | | each business formed in connection with the pilot program, the | 25 | | number of employees employed by each such business, the | 26 | | economic impact to the State from the pilot program, the |
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| 1 | | satisfaction of participants in the pilot program, and a | 2 | | recommendation as to whether the program should be continued. | 3 | | (e) As used in this Section: | 4 | | "Beginning entrepreneur" means an individual who, at | 5 | | the time he or she applies for participation in the | 6 | | program, has less than 5 years of experience as a business | 7 | | owner and is not a current business owner. | 8 | | "Female" and "minority person" have the meanings given | 9 | | to those terms in the Business Enterprise for Minorities, | 10 | | Females, and Persons with Disabilities Act.
| 11 | | (Source: P.A. 100-541, eff. 11-7-17.) | 12 | | Section 99. Effective date. This Act takes effect upon | 13 | | becoming law.
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