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Full Text of SB3527  98th General Assembly

SB3527 98TH GENERAL ASSEMBLY

  
  

 


 
98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB3527

 

Introduced 2/14/2014, by Sen. Jason A. Barickman

 

SYNOPSIS AS INTRODUCED:
 
110 ILCS 979/15

    Amends the Illinois Prepaid Tuition Act. Requires public institutions of higher education to certify the future costs of tuition and mandatory fees at the public institution of higher education. Effective immediately.


LRB098 19929 NHT 55152 b

FISCAL NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

 

 

A BILL FOR

 

SB3527LRB098 19929 NHT 55152 b

1    AN ACT concerning education.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Prepaid Tuition Act is amended by
5changing Section 15 as follows:
 
6    (110 ILCS 979/15)
7    Sec. 15. Creation of Illinois prepaid tuition program.
8There is created the Illinois prepaid tuition program to be
9administered by the Illinois Student Assistance Commission.
10This program is to be administered so that the full cost of
11tuition and mandatory fees at Illinois public universities and
12Illinois community colleges may be paid in advance of
13enrollment through the prior purchase of an Illinois prepaid
14tuition contract. Under the program, public institutions of
15higher education shall certify the future costs of tuition and
16mandatory fees at the public institution of higher education.
17The Commission may enter into contracts as may be necessary to
18provide for administration of the program and shall develop and
19implement rules and regulations necessary for the efficient
20administration of the program.
21    All reasonable charges incidental to the administration of
22the program by the Commission shall be paid in the initial
23start-up period for the program's operation from the General

 

 

SB3527- 2 -LRB098 19929 NHT 55152 b

1Revenue Fund, pursuant to appropriations made for that purpose
2by the General Assembly. Those charges and expenses in
3subsequent years shall be paid exclusively from the Illinois
4Prepaid Tuition Trust Fund established by Section 35 of this
5Act.
6(Source: P.A. 90-546, eff. 12-1-97.)
 
7    Section 99. Effective date. This Act takes effect upon
8becoming law.