Illinois General Assembly - Bill Status for SB1393
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 Bill Status of SB1393  102nd General Assembly


Senate Sponsors
Sen. Pat McGuire - Jacqueline Y. Collins, Omar Aquino and Scott M. Bennett

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
5 ILCS 140/7.5
15 ILCS 505/16.8 new

Synopsis As Introduced
Amends the State Treasurer Act. Provides that the State Treasurer shall establish the Illinois Higher Education Savings Program for the purpose of expanding access to higher education through savings. Provides for enrollment in the Program. Provides further duties and requirements of the Treasurer regarding the Program. Creates the Illinois Higher Education Savings Program Fund as a fund held outside of the State treasury to be the official repository of all contributions, appropriations, interest, and dividend payments, gifts, or other financial assets received by the State Treasurer in connection with operation of the Program or related partnerships. Provides for audits and reports concerning the Program. Allows the Treasurer to adopt any rules that may be necessary to implement the Program. Amends the Freedom of Information Act to provide an exemption for information that is exempt from disclosure under the Illinois Higher Education Savings Program.

DateChamber Action
  2/13/2019SenateFiled with Secretary by Sen. Pat McGuire
  2/13/2019SenateFirst Reading
  2/13/2019SenateReferred to Assignments
  2/20/2019SenateAssigned to Appropriations II
  2/20/2019SenateAdded as Co-Sponsor Sen. Omar Aquino
  2/26/2019SenateAdded as Co-Sponsor Sen. Scott M. Bennett
  3/19/2019SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/22/2019SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2021SenateSession Sine Die

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