Full Text of HB4790 95th General Assembly
HB4790ham001 95TH GENERAL ASSEMBLY
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Higher Education Committee
Filed: 3/5/2008
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LRB095 18245 NHT 47429 a |
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| AMENDMENT TO HOUSE BILL 4790
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| AMENDMENT NO. ______. Amend House Bill 4790 by replacing | 3 |
| everything after the enacting clause with the following:
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| "Section 5. The Baccalaureate Savings Act is amended by | 5 |
| changing Section 8 as follows:
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| (110 ILCS 920/8) (from Ch. 144, par. 2408)
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| Sec. 8. Grant Program. The proceedings of the
Governor and | 8 |
| the Director of the
Governor's Office of Management and Budget | 9 |
| authorizing the
issuance of College Savings Bonds shall also | 10 |
| provide for a grant
program of additional financial
incentives | 11 |
| to be provided to holders of such Bonds to encourage the
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| enrollment of students at Institutions of Higher Education | 13 |
| located in the
State of Illinois. The Grant Program of | 14 |
| financial incentives shall be
administered by the State | 15 |
| Scholarship Commission pursuant to administrative
rules | 16 |
| promulgated by the Commission. Such financial
incentives shall |
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| be in such forms as
determined by the Governor and the Director | 2 |
| of the
Governor's Office of Management and Budget at
the time | 3 |
| of the authorization of such College Savings Bonds and
may | 4 |
| include, among others, supplemental payments to the holders of | 5 |
| such
Bonds at maturity to be applied to tuition costs at | 6 |
| institutions of higher
education located in the State of | 7 |
| Illinois. The Commission may
establish, by rule, | 8 |
| administrative procedures and eligibility criteria for
the | 9 |
| Grant Program, provided that such rules are consistent with the | 10 |
| purposes of
this Act. The Commission may require bond holders, | 11 |
| institutions of higher
education and other necessary parties to | 12 |
| assist in the determination of
eligibility for financial | 13 |
| incentives under the Grant Program. All grants
shall be subject | 14 |
| to annual appropriation of funds for such purpose by the
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| General Assembly. There shall be no expiration date placed on | 16 |
| grants awarded under this Section, and any person who is denied | 17 |
| disbursement of a grant or the full amount of a grant due to a | 18 |
| lack of funding shall remain eligible for disbursement of that | 19 |
| grant or the remaining amount of that grant until such time as | 20 |
| funding becomes available, provided that he or she remains | 21 |
| eligible for a grant and properly applies for disbursement of | 22 |
| the grant or the remaining amount of the grant on an annual | 23 |
| basis. If the amount appropriated in a given fiscal year is | 24 |
| insufficient to fully fund all amounts persons eligible to | 25 |
| receive a grant are entitled to, then the total amount | 26 |
| appropriated must be divided in equal amounts among all |
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| eligible grant recipients, unless that amount exceeds the | 2 |
| amount a grant recipient is entitled to receive, in which case | 3 |
| he or she shall receive the lesser amount. Financial Such | 4 |
| financial incentives under this Section
shall be provided only | 5 |
| if, in the sole
judgment of the Director of the
Governor's | 6 |
| Office of Management and Budget, the cost of such
incentives | 7 |
| shall not cause the cost to the State of the proceeds of the
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| College Savings Bonds being sold to be increased by more than | 9 |
| 1/2 of 1%.
No such financial incentives shall be
paid to assist | 10 |
| in the financing of the education of a student (i) in a school
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| or department of divinity for any religious denomination or | 12 |
| (ii) pursuing a
course of study consisting of training to | 13 |
| become a minister, priest, rabbi
or other professional person | 14 |
| in the field of religion.
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| Notwithstanding any other rulemaking authority that may | 16 |
| exist, neither the Governor nor any agency or agency head under | 17 |
| the jurisdiction of the Governor has any authority to make or | 18 |
| promulgate rules to implement or enforce the provisions of this | 19 |
| amendatory Act of the 95th General Assembly. If, however, the | 20 |
| Governor believes that rules are necessary to implement or | 21 |
| enforce the provisions of this amendatory Act of the 95th | 22 |
| General Assembly, the Governor may suggest rules to the General | 23 |
| Assembly by filing them with the Clerk of the House and the | 24 |
| Secretary of the Senate and by requesting that the General | 25 |
| Assembly authorize such rulemaking by law, enact those | 26 |
| suggested rules into law, or take any other appropriate action |
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| in the General Assembly's discretion. Nothing contained in this | 2 |
| amendatory Act of the 95th General Assembly shall be | 3 |
| interpreted to grant rulemaking authority under any other | 4 |
| Illinois statute where such authority is not otherwise | 5 |
| explicitly given. For the purposes of this amendatory Act of | 6 |
| the 95th General Assembly, "rules" is given the meaning | 7 |
| contained in Section 1-70 of the Illinois Administrative | 8 |
| Procedure Act, and "agency" and "agency head" are given the | 9 |
| meanings contained in Sections 1-20 and 1-25 of the Illinois | 10 |
| Administrative Procedure Act to the extent that such | 11 |
| definitions apply to agencies or agency heads under the | 12 |
| jurisdiction of the Governor. | 13 |
| (Source: P.A. 94-793, eff. 5-19-06.)
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| Section 99. Effective date. This Act takes effect July 1, | 15 |
| 2008.".
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