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IL SB2982

Bill

Official Source

Status

Introduced

1/29/2026

Primary Sponsor

Lakesia Collins

Click for details

Origin

Senate

104th General Assembly

AI Summary

  • Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity (DCEO)

  • Funds a grant to the Illinois Center for Employee Ownership to expand education, outreach, and technical assistance for employee ownership transitions

  • Supports small businesses in evaluating and pursuing business succession through employee ownership models

  • Effective July 1, 2026

Legislative Description

$DCEO-GRANT-EMPLOYEE OWNERS

Last Action

Assigned to Appropriations

2/10/2026

Committee Referrals

Appropriations2/10/2026
Assignments1/29/2026

Full Bill Text

No bill text available