SB2813 97TH GENERAL ASSEMBLY

LRB097 16418 NHT 61580 b

97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2813

Introduced 1/18/2012, by Sen. Christine J. Johnson

SYNOPSIS AS INTRODUCED:

110 ILCS 945/6.10

from Ch. 144, par. 1605.10

Amends the Higher Education Loan Act. Makes a technical change in a Section concerning aiding an Authority Education Loan financing program.

A BILL FOR

AN ACT concerning education.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Higher Education Loan Act is amended by changing Section 6.10 as follows:

(110 ILCS 945/6.10) (from Ch. 144, par. 1605.10)

Sec. 6.10. Receipt and acceptance of loans, contributions or grants. To receive and and accept from any source, loans, contributions or grants for or in aid of an Authority Education Loan financing program or any portion thereof and, when required, to use such funds, property or labor only for the purposes for which it was loaned, contributed or granted.

(Source: P.A. 82-658.)