§ 605-1085 — The Illinois Small Business Fund

Illinois § 605-1085

• Jurisdiction: Illinois
• Topic: GOVERNMENT
• Ch. 20: EXECUTIVE BRANCH
• Act 20 ILCS 605/: Civil Administrative Code of Illinois. (Department of Commerce and Economic Opportunity Law)

Text

The Illinois Small Business Fund is created as a nonappropriated separate and apart trust fund in the State Treasury. The Department shall use moneys in the Fund to manage proceeds that result from investments that the Department has undertaken through economic development programs, including, but not limited to, the Department's Venture Capital Investment Program. The Department may use moneys collected to reinvest in small business and economic development initiatives through grants or loans. The Fund may receive any grants or other moneys designated for small business growth from the State, or any unit of federal or local government, or any other person, firm, partnership, or corporation. Any interest earnings that are attributable to moneys in the Fund must be deposited into the Fund.

Legislative History

(Source: P.A. 102-330, eff. 1-1-22; 102-813, eff. 5-13-22.)