IL SB3205

Amends the Technology Development Act to increase the maximum segregated investment portfolio cap from 2% to 5% for the Technology Development Account IIa (TDA IIa)

Requires the State Treasurer to segregate funds in TDA IIa (changing "may" to "shall"), with distributions from investments able to be reinvested without counting against the 5% cap

Increases the maximum percentage of TDA IIa capital that can be invested in firms based outside Illinois from 10% to 15%

Adds definition of "significant presence" for Illinois companies as requiring at least one physical office and one full-time employee within the State

Adds requirement for TDA II-Recipient Funds to report investment information quarterly or annually (rather than unspecified frequency) to the State Treasurer, including portfolio company names, addresses, investment dates, costs, fair market values, and employee counts