House Sponsors: BRADFORD-STROGER, ERWIN AND LYONS,JOSEPH. Short description: DCCA-TECHNOLOGY GRANTS PANEL Synopsis of Bill as introduced: Amends the Civil Administrative Code of Illinois. Requires the Department of Commerce and Community Affairs to develop a program of grants, loans, and loan guarantees to promote cooperation between businesses in Illinois and the State's colleges and universities in the research, development, and marketing of new technologies and processes. Requires grants, loans, or loan guarantees to be for the exclusive purpose of offsetting the costs of cooperative ventures between a business and a college or university that involves the research, development, or marketing of a new technology or process. Creates the Technology Advisory Panel. Provides that the Panel shall work with the Director of Commerce and Community Affairs to develop general criteria and standards governing the issuance of grants, loans, and loan guarantees. STATE MANDATES FISCAL NOTE HB1477 fails to create a State mandate. FISCAL NOTE (DCCA) Estimated fiscal impact on DCCA is $3,830,925. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status