IL HB4364

Amends the Technology Development Act to expand venture capital investment options by allowing the State Treasurer to include debt financing alongside equity financing in technology business investments.

Creates a cap structure where aggregate investment in Technology Development Account IIa (TDA IIa) and TDA II-Recipient Funds cannot exceed 5% of the State's investment portfolio, with reinvested distributions excluded from the cap.

Requires TDA II-Recipient Funds to invest a minimum of twice the capital received from the State Treasurer in Illinois companies, with enforcement mechanisms including written notice and potential termination of future commitments for non-compliance after 180 days.

Allocates new investment capital as follows: no more than 15% for emerging funds, no more than 5% for co-investments, and at least 80% for established TDA II-Recipient Funds.

Mandates annual public disclosure by the Treasurer of Technology Development Fund information including internal rates of return, portfolio composition, diversity of fund managers, and grant awards to schools and technology support programs.