Illinois General Assembly - Bill Status for HB1311

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Bill Status of HB1311 102nd General Assembly

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Short Description: HIGHER ED-PAY IT FORWARD

House Sponsors
Rep. Jack D. Franks

Last Action

Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

30 ILCS 105/5.866 new

Synopsis As Introduced
Creates the Pay It Forward, Pay It Back Act and amends the State Finance Act. Establishes, for 5 academic years, a program to provide loans to 400 eligible students per academic year to attend a public community college or university, to be repaid, in part, according to the income of the student borrowers. Provides that the Department of Revenue shall implement and administer the program. Creates the Pay It Forward, Pay It Back Program Fund as a special fund in the State treasury, with moneys used for the sole purpose of awarding program loans under the Act. Sets forth provisions governing the application process and loan repayment. Requires the Department to submit progress reports to the General Assembly. Effective immediately.

Actions

Date	Chamber	Action
2/2/2015	House	Filed with the Clerk by Rep. Jack D. Franks
2/3/2015	House	First Reading
2/3/2015	House	Referred to Rules Committee
2/17/2015	House	Assigned to Revenue & Finance Committee
3/23/2015	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Jack D. Franks
3/23/2015	House	House Committee Amendment No. 1 Referred to Rules Committee
3/24/2015	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
3/27/2015	House	Rule 19(a) / Re-referred to Rules Committee
3/27/2015	House	House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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