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20 ILCS 230/5

Purpose

Known as the Biotechnology Sector Development Act

The act spans §§ 20-230-1 to 20-230-99 (6 sections).

P.A. 88-584, eff. 8-12-94.

The General Assembly declares that: (a) A need exists to promote the economic development of the State by supporting, attracting, and retaining biotechnology jobs and businesses in Illinois; (b) A need exists to increase industry competitiveness by supporting the application of innovative technologies that improve productivity and efficiency; (c) A need exists to mobilize support for biotechnology industries to commercialize new products and processes; and (d) A need exists to facilitate and coordinate the marketing, organization, use, and development of biotechnology scientific research in this State.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.