HB2854 98TH GENERAL ASSEMBLY

LRB098 07729 HLH 37807 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB2854

Introduced , by Rep. Natalie A Manley

SYNOPSIS AS INTRODUCED:

20 ILCS 605/605-338 new

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Requires the Department to establish a lifelong learning program to allow employees, with the support of their employers, to create educational savings accounts that may be used to fund approved education and training.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning State government.

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

Section 5. The Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois is amended by adding Section 605-338 as follows:

(20 ILCS 605/605-338 new)

Sec. 605-338. Lifelong learning program.

(a) The Department shall establish a lifelong learning program to allow employees, with the support of their employers, to create educational savings accounts that may be used to fund approved education and training. The Department may partner with financial institutions and other public, private, and nonprofit organizations in order to enable employees use the educational savings accounts to attain high-skilled and high-wage jobs in their communities.

(b) The educational savings accounts shall be established by employees and employers to support the education and training of employees in a manner that is aligned with the employee's approved career development plan.

(c) The Department may adopt rules to implement this Section.

(d) As used in this Section:

"Approved education and training" means education, training, and associated costs aligned with an approved career development plan.

"Approved career development plan" means an employee's career development plan that is approved by the Department and contains the necessary information to determine if expenditures are in alignment with the program criteria.