Illinois General Assembly

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 Bill Status of HB5600  97th General Assembly


Short Description:  PREPAID TUITION-ADMINISTRATION

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

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

Statutes Amended In Order of Appearance
110 ILCS 979/15
110 ILCS 979/30
110 ILCS 979/35


Synopsis As Introduced
Amends the Illinois Prepaid Tuition Act. Authorizes the Illinois Student Assistance Commission to enter into contracts only as specifically authorized by the Act for expenses associated with the administration of the Illinois prepaid tuition program (now, the Commission may enter into any contracts that are necessary to provide for the administration of the program). Deletes a provision that provides that charges and expenses shall be paid exclusively from the Illinois Prepaid Tuition Trust Fund. Deletes a provision that provides that nothing with respect to the prohibition on delegating management functions shall preclude the Commission from subscribing to general investment research services available for purchase or use by others and providing compensation for accounting, computing, and other necessary services. Prohibits certain administrative and promotional expenses from being paid from moneys in the Illinois Prepaid Tuition Trust Fund. 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. Jim Sacia
  2/15/2012HouseFirst Reading
  2/15/2012HouseReferred to Rules Committee
  2/16/2012HouseAdded Chief Co-Sponsor Rep. John D. Cavaletto
  2/16/2012HouseAdded Co-Sponsor Rep. Kay Hatcher
  2/28/2012HouseAdded Co-Sponsor Rep. Patricia R. Bellock
  1/8/2013HouseSession Sine Die

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