| | 1: | | Title: | | | | | Volume/Number: | | | | | Issuing Agency: | | | | | Description: | The Illinois General Assembly enacted the Technology Development Act (30 ILCS 265/1 et seq.) to encourage technology development in the State of Illinois. The purpose of the Act is to attract, assist, and retain quality technology businesses in Illinois. The Technology Development Act (Act) allows the State Treasurer (Treasurer) to segregate a portion of the Treasurer's investment portfolio, that at no time shall be greater than 1% of the portfolio, in the Technology Development Account, an account that shall be maintained separately and apart from other moneys invested by the Treasurer. The creation of the Technology Development Account will allow the State to bring together, and add to, Illinois' rich science, technology, and business communities. In order for the Treasurer to carry out her duties under the Act, the Treasurer is seeking an individual to serve as an Internal Venture Capital Consultant to utilize his or her expertise in developing, implementing and administering a Venture Capital Program (Program). The Internal Venture Capital Consultant will consult the Treasurer on the development and the internal daily operations of the Program. The Internal Venture Capital Consultant is distinct from an External Investment Advisor who will provide services including asset allocation and investment recommendations once the Program is in place. All proposals and services performed must be in accordance with the Act. | | | | Date Created: | 10 31 2003 | | | | Agency ID: | | | | | ISL ID: | 000000003290 Original UID: 3155 FIRST WORD: Office | |
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