IVCA's Current Legislative Issues
 

Illinois Treasurer’s Office Proposes Second Technology Development Fund with the potential for $100-$150 million in new venture capital investments

Building on the success of the Treasurer’s Technology Development Account (TDA I), established by legislation in 2003, Illinois Treasurer Alexi Giannoulias has proposed a second fund (TDA II). If approved by the Legislature, this fund will provide much-needed venture capital to the high technology sector in Illinois by:

• Allowing up to 2% of the Treasurer’s investment portfolio to be invested in venture capital funds (up from 1% in TDA I); and
• Establishing a new public/private partnership with capital from private institutional investors being invested side-by-side with the Treasurer’s capital.

A strong supporter of TDA I, IVCA endorses TDA II and is actively working to help enact authorizing legislation this year.

• Current Issues
  • Treasurer’s Technology Development Account II (TDA II) - IVCA Position
  • Treasurer’s Technology Development Account II (TDA II) - Overview
  • Treasurer’s Technology Development Account II (TDA II) - How IL VC stacks up
• Resolved Issues
  • Sudan Act
  • Iran Divesture Legislation
  • Gross Receipts Tax
    • Gross Recipts Tax - Letter of Opposition
  • Personal Property Replacement Tax
  • Freedom of Information Act
• National Issues
• IVCA-PAC