Illinois General Assembly - Bill Status for HB5767

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Bill Status of HB5767 101st General Assembly

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Short Description: SALE OF ISAC LOANS PROHIBITED

House Sponsors
Rep. Richard P. Myers - Chapin Rose

Last Action

Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 3005/3.5 new

110 ILCS 947/140

Synopsis As Introduced
Amends the Governor's Office of Management and Budget Act and the Higher Education Student Assistance Act. Provides that the Illinois Student Assistance Commission may not sell its loans or the attendant loan origination and servicing rights nor may any other State agency, including the Governor's Office of Management and Budget, or a State official sell the loans or the attendant loan origination and servicing rights. Provides that all student loans of the Commission and the attendant loan origination and servicing rights are inalienable and must remain as assets of the Commission. Effective immediately.

Actions

Date	Chamber	Action
2/24/2006	House	Filed with the Clerk by Rep. Richard P. Myers
2/24/2006	House	Chief Co-Sponsor Rep. Chapin Rose
2/24/2006	House	First Reading
2/24/2006	House	Referred to Rules Committee
1/9/2007	House	Session Sine Die

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