Illinois General Assembly - Full Text of SB3742
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

Full Text of SB3742  102nd General Assembly

SB3742 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB3742

 

Introduced 1/21/2022, by Sen. Ram Villivalam

 

SYNOPSIS AS INTRODUCED:
 
20 ILCS 2705/2705-617 new

    Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Requires the Department of Transportation to provide higher education student loan repayment assistance in the form of an annual after-tax bonus of $15,000 per year, for not more than 5 years, to any engineer employed by the Department if (i) the engineer is a graduate of a college or university located in this State, (ii) the engineer provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in this State, and (iii) the engineer remains in the employ of the Department for at least 5 years. Provides that if the engineer leaves the employ of the Department prior to serving 5 years, the engineer must return all bonuses made to the engineer by the Department pursuant to these provisions. Effective immediately.


LRB102 23207 NLB 32369 b

 

 

A BILL FOR

 

SB3742LRB102 23207 NLB 32369 b

1    AN ACT concerning State government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Department of Transportation Law of the
5Civil Administrative Code of Illinois is amended by adding
6Section 2705-617 as follows:
 
7    (20 ILCS 2705/2705-617 new)
8    Sec. 2705-617. Student loan repayment assistance for
9engineers. The Department shall provide higher education
10student loan repayment assistance in the form of an annual
11after-tax bonus of $15,000 per year, for not more than 5 years,
12to any engineer employed by the Department, subject to the
13following:
14        (1) the engineer is a graduate of a college or
15    university located in this State;
16        (2) the engineer provides documentation to the
17    Department of the repayment of higher education student
18    loans taken to attend a college or university located in
19    this State;
20        (3) the engineer remains in the employ of the
21    Department for at least 5 years; and
22        (4) if the engineer leaves the employ of the
23    Department prior to serving 5 years, the engineer must

 

 

SB3742- 2 -LRB102 23207 NLB 32369 b

1    return all bonuses made to the engineer by the Department
2    pursuant to this Section.
 
3    Section 99. Effective date. This Act takes effect upon
4becoming law.