House Sponsors: HANNIG-TENHOUSE-FANTIN. Senate Sponsors: WATSON Short description: ED LOAN PURCHASE PROGRAM BONDS Synopsis of Bill as introduced: Amends the Higher Education Student Assistance Act. Increases to $2,100,000,000 (from $1,150,000,000) the aggregate principal amount of bonds (other than refunding bonds) issued by the Illinois Student Assistance Commission under the Education Loan Purchase Program Law that may be outstanding at any one time. Effective immediately. STATE DEBT IMPACT NOTE HB940 would increase bonding authority of the Ill. Student Assistance Commission by $950.0 M; and may increase State debt if ISAC has insufficient funds to repay the debt. FISCAL NOTE (Ill. Student Assistance Commission) HB940 has no fiscal impact upon State revenues. STATE MANDATES FISCAL NOTE HB 940 fails to create a State mandate. Last action on Bill: PUBLIC ACT.............................. 90-0281 Last action date: 97-07-31 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status