30 ILCS 265/1
Short title
Short title. This Act may be cited as the Technology Development Act. (Source: P.A. 92-851, eff. 8-26-02.)
Illinois Compiled Statutes 30 ILCS 265 — Technology Development Act.
Illinois · statute · 30 ILCS 265 · 8 active provisions
30 ILCS 265/5
Policy
Policy. The Illinois General Assembly finds that it is important for the State to encourage technology development in the State. The purpose of this Act is to attract, assist, and retain quality technology businesses and promote the growth of jobs and entrepreneurial and venture capital environments in Illinois. The cr…
30 ILCS 265/10
Technology Development Account
Technology Development Account. (a) The State Treasurer may segregate a portion of the Treasurer's investment portfolio, that at no time shall be greater than 1% of the portfolio, in the Technology Development Account, an account that shall be maintained separately and apart from other moneys invested by the Treasurer.…
30 ILCS 265/11
Technology Development Account II
Technology Development Account II. (a) Including the amount provided in Section 10 of this Act, the State Treasurer shall segregate a portion of the Treasurer's State investment portfolio, that at no time shall be greater than 5% of the portfolio, in the Technology Development Account IIa ("TDA IIa"), an account that s…
30 ILCS 265/15
Rules
Rules. The State Treasurer may promulgate rules to implement this Act. (Source: P.A. 92-851, eff. 8-26-02.)
30 ILCS 265/20
Technology Development Fund
Technology Development Fund. (a) The Technology Development Fund is created as a nonappropriated trust fund within the State treasury. Moneys in the Fund may be used by the State Treasurer to pay expenses related to investments from the Technology Development Account. Moneys in the Fund in excess of those expenses may…
30 ILCS 265/90
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 92-851, eff. 8-26-02; text omitted.)
30 ILCS 265/99
Effective date
Effective date. This Act takes effect upon becoming law. (Source: P.A. 92-851, eff. 8-26-02.)