SIEBEN-WATSON-LUECHTEFELD. New Act Creates the Illinois Investment and Development Authority Act. Establishes the Illinois Investment and Development Authority to support the creation and growth of community development financial institutions, which provide access to capital for business development, capital investments, and other financing to expand private sector activities in economically disadvantaged communities and for low income people, by providing grants, loans, and technical assistance to these institutions. FEB-07-2002 S FIRST READING FEB-07-2002 S ADDED AS A CHIEF CO-SPONSOR WATSON FEB-07-2002 S ADDED AS A CHIEF CO-SPONSOR LUECHTEFELD FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary