Senate Sponsors: SIEBEN-WATSON-LUECHTEFELD. Short description: INVESTMENT & DEVELOPMENT AUTH Synopsis of Bill as introduced: 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. 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