Establishes the Employee Ownership Development Act to support employee ownership projects in Illinois.
The Employee Ownership Development Act creates the Employee Ownership Development Account within the State treasury. The State Treasurer will invest a portion of the State's investment portfolio in this account to provide capital for employee ownership projects. Investments can be made in employee ownership-focused credit funds, private equity funds, and similar vehicles. The Act mandates annual reporting on investments and performance.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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