Senate Sponsors: DILLARD. Short description: TECH DEVELOPMENT FUND Synopsis of Bill as introduced: Creates the Technology Development Act. Creates the Technology Development Fund as a special fund held separately by the State Treasurer and used by the State Treasurer to attract, assist, or retain quality technology businesses in Illinois. Permits the State Treasurer to make a one-time transfer to the Fund from the General Revenue Fund in an amount not to exceed $50,000,000. Permits the State Treasurer to deposit up to $50,000,000 at reduced interest rates in financial institutions that use the moneys for development of technology initiatives in Illinois. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status