Illinois General Assembly

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 Bill Status of HB5599  97th General Assembly


Short Description:  ILL PREPAID TUITION TRUST FUND

House Sponsors
Rep. Jim Durkin - Darlene J. Senger - Kent Gaffney - Chad Hays - Jim Sacia, Kay Hatcher, John D. Cavaletto, Robert W. Pritchard and Patricia R. Bellock

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
110 ILCS 979/35


Synopsis As Introduced
Amends the Illinois Prepaid Tuition Act. Provides that the Illinois Student Assistance Commission, in investing amounts in the Illinois Prepaid Tuition Trust Fund, shall abide by the same requirements that investment companies and management companies are required to abide by under Sections 30 and 32 of the federal Investment Company Act of 1940, related rules of the U.S. Securities and Exchange Commission, and related federal case law, with references to the U.S. Securities and Exchange Commission meaning the State Treasurer and references to an investment company or management company meaning the Commission. Authorizes the State Treasurer to adopt any rules necessary to implement these provisions. Effective immediately.

Actions 
DateChamber Action
  2/15/2012HouseFiled with the Clerk by Rep. Jim Durkin
  2/15/2012HouseChief Co-Sponsor Rep. Darlene J. Senger
  2/15/2012HouseChief Co-Sponsor Rep. Kent Gaffney
  2/15/2012HouseChief Co-Sponsor Rep. Chad Hays
  2/15/2012HouseChief Co-Sponsor Rep. Jim Sacia
  2/15/2012HouseFirst Reading
  2/15/2012HouseReferred to Rules Committee
  2/16/2012HouseAdded Co-Sponsor Rep. Kay Hatcher
  2/16/2012HouseAdded Co-Sponsor Rep. John D. Cavaletto
  2/16/2012HouseAdded Co-Sponsor Rep. Robert W. Pritchard
  2/28/2012HouseAdded Co-Sponsor Rep. Patricia R. Bellock
  1/8/2013HouseSession Sine Die

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