Illinois General Assembly - Bill Status for HB6637

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Bill Status of HB6637 93rd General Assembly

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Short Description: TREASURER ACT-COLLEGE SAVINGS

House Sponsors
Rep. Robert S. Molaro

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

15 ILCS 505/16.5

Synopsis As Introduced
Amends the State Treasurer Act. Removes the requirement that the State Treasurer adjust each account at least annually to ensure compliance with the requirements of the College Savings Pool. Provides that the Treasurer shall limit the contributions that may be made on behalf of a designated College Savings Pool beneficiary based on the limitations established by the Internal Revenue Service (now, based on an actuarial estimate of what is required to pay tuition, fees, and room and board for 5 undergraduate years at the highest cost eligible educational institution). Makes other changes. Effective immediately

Actions

Date	Chamber	Action
2/9/2004	House	Filed with the Clerk by Rep. Robert S. Molaro
2/9/2004	House	First Reading
2/9/2004	House	Referred to Rules Committee
1/11/2005	House	Session Sine Die

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