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Public Act 100-0541
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| SB1462 Enrolled | LRB100 11206 HLH 21517 b |
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. The Department of Commerce and Economic |
Opportunity Law of the
Civil Administrative Code of Illinois is |
amended by adding Section 605-1020 as follows:
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(20 ILCS 605/605-1020 new) |
Sec. 605-1020. Entrepreneur Learner's Permit pilot |
program. |
(a) Subject to appropriation, there is hereby established |
an Entrepreneur Learner's Permit pilot program that shall be |
administered by the Department beginning on July 1 of the first |
fiscal year for which an appropriation of State moneys is made |
for that purpose and continuing for the next 2 immediately |
succeeding fiscal years; however, the Department is not |
required to administer the program in any fiscal year for which |
such an appropriation has not been made. The purpose of the |
program shall be to encourage and assist beginning |
entrepreneurs in starting new information services, |
biotechnology, and green technology businesses by providing |
reimbursements to those entrepreneurs for any State filing, |
permitting, or licensing fees associated with the formation of |
such a business in the State. |
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(b) Applicants for participation in the Entrepreneur |
Learner's Permit pilot program shall apply to the Department, |
in a form and manner prescribed by the Department, prior to the |
formation of the business for which the entrepreneur seeks |
reimbursement of those fees. The Department shall adopt rules |
for the review and approval of applications, provided that it |
(1) shall give priority to applicants who are female or |
minority persons, or both, and (2) shall not approve any |
application by a person who will not be a beginning |
entrepreneur. Reimbursements under this Section shall be |
provided in the manner determined by the Department. In no |
event shall an applicant apply for participation in the program |
more than 3 times. |
(c) The aggregate amount of all reimbursements provided by |
the Department pursuant to this Section shall not exceed |
$500,000 in any State fiscal year. |
(d) On or before February 1 of the last calendar year |
during which the pilot program is in effect, the Department |
shall submit a report to the Governor and the General Assembly |
on the cumulative effectiveness of the Entrepreneur Learner's |
Permit pilot program. The review shall include, but not be |
limited to, the number and type of businesses that were formed |
in connection with the pilot program, the current status of |
each business formed in connection with the pilot program, the |
number of employees employed by each such business, the |
economic impact to the State from the pilot program, the |
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satisfaction of participants in the pilot program, and a |
recommendation as to whether the program should be continued. |
(e) As used in this Section: |
"Beginning entrepreneur" means an individual who, at |
the time he or she applies for participation in the |
program, has less than 5 years of experience as a business |
owner and is not a current business owner. |
"Female" and "minority person" have the meanings given |
to those terms in the Business Enterprise for Minorities, |
Females, and Persons with Disabilities Act.
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Section 99. Effective date. This Act takes effect July 1, |
2017. |