Date | Chamber | Action |
8/23/2019 | House | Public Act . . . . . . . . . 101-0466 |
5 ILCS 140/7.5 |
15 ILCS 505/16.8 new |
State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity) | |
This bill does not create a State mandate. |
Fiscal Note (Office of the Treasurer) | |
Based upon Illinois' current birth rate of 155,000 to 165,000 newborns per year, the annual cost for this program is expected to be $9-10 million per year, beginning in FY21. This includes approximately $8 million for the initial seed funding of $50 per child and an estimated $1.5 million to develop local savings incentive partnerships, engage parents and children in related financial literacy initiatives, and administer the program. Because unclaimed and unused funds will remain with the program for future use, the need for annual appropriations will decline after year 10 of the program as unclaimed and unused funds are recycled. |
Date | Chamber | Action | 2/7/2019 | House | Filed with the Clerk by Rep. Robyn Gabel | 2/7/2019 | House | First Reading | 2/7/2019 | House | Referred to Rules Committee | 2/19/2019 | House | Assigned to Higher Education Committee | 2/22/2019 | House | Added Co-Sponsor Rep. Monica Bristow | 2/26/2019 | House | Added Chief Co-Sponsor Rep. Emanuel Chris Welch | 2/27/2019 | House | Added Co-Sponsor Rep. Norine K. Hammond | 3/7/2019 | House | Added Co-Sponsor Rep. Mark Batinick | 3/8/2019 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Robyn Gabel | 3/8/2019 | House | House Committee Amendment No. 1 Referred to Rules Committee | 3/8/2019 | House | Added Co-Sponsor Rep. Mary Edly-Allen | 3/13/2019 | House | Added Co-Sponsor Rep. Celina Villanueva | 3/13/2019 | House | Do Pass / Short Debate Higher Education Committee; 011-006-000 | 3/13/2019 | House | House Committee Amendment No. 1 Tabled Pursuant to Rule 40 | 3/14/2019 | House | Placed on Calendar 2nd Reading - Short Debate | 3/14/2019 | House | Removed Co-Sponsor Rep. Norine K. Hammond | 3/18/2019 | House | Fiscal Note Requested by Rep. Tom Demmer | 3/18/2019 | House | State Mandates Fiscal Note Requested by Rep. Tom Demmer | 3/19/2019 | House | Added Co-Sponsor Rep. Daniel Didech | 3/20/2019 | House | House Floor Amendment No. 2 Filed with Clerk by Rep. Robyn Gabel | 3/20/2019 | House | House Floor Amendment No. 2 Referred to Rules Committee | 3/21/2019 | House | House Floor Amendment No. 2 Rules Refers to Higher Education Committee | 3/21/2019 | House | State Mandates Fiscal Note Filed | 3/22/2019 | House | Fiscal Note Filed | 3/27/2019 | House | House Floor Amendment No. 3 Filed with Clerk by Rep. Robyn Gabel | 3/27/2019 | House | House Floor Amendment No. 3 Referred to Rules Committee | 3/28/2019 | House | Added Co-Sponsor Rep. Will Guzzardi | 3/28/2019 | House | Added Co-Sponsor Rep. Kelly M. Cassidy | 3/28/2019 | House | Added Co-Sponsor Rep. Theresa Mah | 3/29/2019 | House | House Floor Amendment No. 2 Recommends Be Adopted Higher Education Committee; 012-005-000 | 4/2/2019 | House | House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 003-000-000 | 4/2/2019 | House | Added Co-Sponsor Rep. Katie Stuart | 4/2/2019 | House | Added Co-Sponsor Rep. LaToya Greenwood | 4/2/2019 | House | Second Reading - Short Debate | 4/2/2019 | House | House Floor Amendment No. 2 Adopted | 4/2/2019 | House | House Floor Amendment No. 3 Adopted | 4/2/2019 | House | Placed on Calendar Order of 3rd Reading - Short Debate | 4/3/2019 | House | Added Chief Co-Sponsor Rep. Aaron M. Ortiz | 4/3/2019 | House | Third Reading - Short Debate - Passed 066-042-001 | 4/3/2019 | Senate | Arrive in Senate | 4/3/2019 | Senate | Placed on Calendar Order of First Reading | 4/3/2019 | Senate | Chief Senate Sponsor Sen. Pat McGuire | 4/3/2019 | Senate | First Reading | 4/3/2019 | Senate | Referred to Assignments | 4/4/2019 | Senate | Added as Alternate Chief Co-Sponsor Sen. Don Harmon | 4/24/2019 | Senate | Assigned to Appropriations II | 5/1/2019 | Senate | Added as Alternate Co-Sponsor Sen. Scott M. Bennett | 5/1/2019 | Senate | Added as Alternate Co-Sponsor Sen. Jacqueline Y. Collins | 5/7/2019 | Senate | Added as Alternate Co-Sponsor Sen. Ram Villivalam | 5/9/2019 | Senate | Added as Alternate Co-Sponsor Sen. Bill Cunningham | 5/9/2019 | Senate | Re-referred to Assignments | 5/9/2019 | Senate | Re-assigned to Higher Education | 5/10/2019 | Senate | Rule 2-10 Committee Deadline Established As May 17, 2019 | 5/13/2019 | Senate | Added as Alternate Chief Co-Sponsor Sen. Melinda Bush | 5/14/2019 | Senate | Added as Alternate Co-Sponsor Sen. Rachelle Crowe | 5/15/2019 | Senate | Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins | 5/16/2019 | Senate | Added as Alternate Co-Sponsor Sen. Cristina Castro | 5/16/2019 | Senate | Added as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez | 5/16/2019 | Senate | Added as Alternate Co-Sponsor Sen. Christopher Belt | 5/17/2019 | Senate | Rule 2-10 Committee Deadline Established As May 24, 2019 | 5/20/2019 | Senate | Added as Alternate Co-Sponsor Sen. Kimberly A. Lightford | 5/20/2019 | Senate | Added as Alternate Co-Sponsor Sen. Martin A. Sandoval | 5/21/2019 | Senate | Added as Alternate Co-Sponsor Sen. Antonio Muņoz | 5/22/2019 | Senate | Do Pass Higher Education; 009-004-000 | 5/22/2019 | Senate | Placed on Calendar Order of 2nd Reading May 23, 2019 | 5/22/2019 | Senate | Added as Alternate Co-Sponsor Sen. Toi W. Hutchinson | 5/22/2019 | Senate | Added as Alternate Co-Sponsor Sen. Robert Peters | 5/23/2019 | Senate | Second Reading | 5/23/2019 | Senate | Placed on Calendar Order of 3rd Reading May 24, 2019 | 5/24/2019 | Senate | Rule 2-10 Third Reading Deadline Established As May 31, 2019 | 5/29/2019 | Senate | Added as Alternate Co-Sponsor Sen. Mattie Hunter | 5/29/2019 | Senate | Added as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr. | 5/29/2019 | Senate | Third Reading - Passed; 040-015-000 | 5/29/2019 | House | Passed Both Houses | 6/27/2019 | House | Sent to the Governor | 8/23/2019 | House | Governor Approved | 8/23/2019 | House | Effective Date January 1, 2020 | 8/23/2019 | House | Public Act . . . . . . . . . 101-0466 | 8/27/2019 | Senate | Added as Alternate Co-Sponsor Sen. Dan McConchie | 2/25/2020 | House | Added Co-Sponsor Rep. Debbie Meyers-Martin | 5/22/2020 | House | Added Co-Sponsor Rep. Michelle Mussman |