92nd General Assembly
Summary of HB4402
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House Sponsors:
YOUNGE.

Short description: 
TECHNOLOGY CENTER-EAST ST LOUI                                             

Synopsis of Bill as introduced:
        Amends the Technology Advancement and Development Act.   Requires      
   the Department of Commerce and Community Affairs to establish at least      
   one  technology enterprise development center in a municipality with a      
   population of 40,000 or less located in a county with a population  of      
   200,000  or  more that is adjacent to the Mississippi River.  Provides      
   that  when  awarding  grants  to  technology  enterprise   development      
   centers, the Department shall give special consideration to applicants      
   in  counties with a population of 200,000 or more that are adjacent to      
   the Mississippi River.                                                      
          FISCAL NOTE                                                          
          (Illinois Department of Commerce and Community Affairs)              
          The Department would require additional funding in order to          
          establish an additional ITEC center in Madison or St. Clair          
          counties. While an exact estimate of funding needed cannot be        
          made, the average center receives approximately $300,000 to          
          $400,000 in funding.                                                 
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that the Department may (instead of shall) establish  at      
   least  one  technology  enterprise center in a specified municipality.      
   Provides that the Department  may  (instead  of  shall)  give  special      
   consideration  to applicants located in specified counties when making      
   grants.                                                                     
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



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