State of Illinois
90th General Assembly
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90_SB0878sam001

                                           LRB9003362EGfgam01
 1                    AMENDMENT TO SENATE BILL 878
 2        AMENDMENT NO.     .  Amend Senate Bill 878  by  replacing
 3    the title with the following:
 4        "AN ACT relating to prepaid tuition contracts, amending a
 5    named Act."; and
 6    by  replacing  everything  after the enacting clause with the
 7    following:
 8        "Section 1.  Short title.  This Act may be cited  as  the
 9    Illinois Prepaid Tuition Act.
10        Section  5.   Purpose.   The  General  Assembly finds and
11    declares that the general welfare and security of  the  State
12    are  enhanced by access to higher education for all residents
13    of the State who desire that education  and  who  demonstrate
14    the   qualifications  necessary  to  pursue  that  education.
15    Furthermore, it is desirable that residents of the State  who
16    seek  to pursue higher education be able to choose attendance
17    at the higher education institution that offers programs  and
18    services   most   suitable  to  their  needs.    Accordingly,
19    endeavors that serve the higher education needs of the people
20    of  the  State  represent  an  essential  function  of  State
21    government.
                            -2-            LRB9003362EGfgam01
 1        During the past decade, students have  been  paying  more
 2    and  borrowing  more to finance the increasing cost of higher
 3    education at Illinois colleges and universities as well as at
 4    similar  institutions  nationwide.      Federal   and   state
 5    governments' capacity to fund college scholarships and grants
 6    cannot  fully  meet  the current and future demand for higher
 7    education nor is it reasonable  to  expect  that  paying  for
 8    college  is  solely  a governmental responsibility.  It is --
 9    and has always been --  a  shared  responsibility  among  the
10    student,  the  family,  State  government,  and  the  federal
11    government.  Consequently, the intent of this Act is to  both
12    encourage   and  better  enable  Illinois  families  to  help
13    themselves finance the cost of higher education, specifically
14    through a program that  provides  Illinois  families  with  a
15    method  of  State tax-free and federally tax-deferred savings
16    for college tuition.
17        Section 10.  Definitions.  In this Act:
18        "Illinois public  university"  means  the  University  of
19    Illinois,    Illinois   State   University,   Chicago   State
20    University, Governors  State  University,  Southern  Illinois
21    University,  Northern  Illinois  University, Eastern Illinois
22    University,  Western  Illinois  University,  or  Northeastern
23    Illinois University.
24        "Illinois community college"  means  a  public  community
25    college  as  defined  in  Section 1-2 of the Public Community
26    College Act.
27        "MAP-eligible institution" means a public institution  of
28    higher   education  or  a  nonpublic  institution  of  higher
29    education whose students are eligible to  receive  need-based
30    student  financial  assistance  through  State Monetary Award
31    Program (MAP) grants administered  by  the  Illinois  Student
32    Assistance  Commission  under  the  Higher  Education Student
33    Assistance Act.
                            -3-            LRB9003362EGfgam01
 1        "Illinois prepaid tuition contract" or "contract" means a
 2    contract entered into between the State and a Purchaser under
 3    Section 45 to provide for the higher education of a qualified
 4    beneficiary.
 5        "Illinois prepaid tuition program" or "program" means the
 6    program created in Section 15.
 7        "Purchaser" means a person who makes or has contracted to
 8    make payments under an Illinois prepaid tuition contract.
 9        "Public  institution  of  higher  education"   means   an
10    Illinois public university or Illinois community college.
11        "Nonpublic  institution  of  higher  education" means any
12    MAP-eligible educational organization, other  than  a  public
13    institution  of  higher education, that provides a minimum of
14    an organized 2-year program at the  postsecondary  level  and
15    that  operates  in  conformity  with  standards substantially
16    equivalent  to  those  of  public  institutions   of   higher
17    education.   "Nonpublic institution of higher education" does
18    not include any educational organization used principally for
19    sectarian instruction, as a place of  religious  teaching  or
20    worship,  or  for any religious denomination for the training
21    of ministers, rabbis, or other professional  persons  in  the
22    field of religion.
23        "Qualified  beneficiary"  means (i) anyone who has been a
24    resident of this State for at least 12 months  prior  to  the
25    date  of  the contract, or (ii) a nonresident, so long as the
26    purchaser has been a resident of the State for  at  least  12
27    months prior to the date of the contract, or (iii) any person
28    less  than  one  year of age who is a relative of an Illinois
29    resident.
30        "Tuition" means the quarter or semester  charges  imposed
31    on   a   qualified   beneficiary  to  attend  a  MAP-eligible
32    institution.
33        "Mandatory Fees" means those  quarter  or  semester  fees
34    imposed   upon   all  students  enrolled  at  a  MAP-eligible
                            -4-            LRB9003362EGfgam01
 1    institution.
 2        "Registration  Fees"  means  the   charges   derived   by
 3    combining tuition and mandatory fees.
 4        "Contract Unit" means 15 credit hours of instruction at a
 5    MAP-eligible institution.
 6        "Board"  means  the  Prepaid Tuition Review Board created
 7    under Section 20.
 8        "Commission"  means  the  Illinois   Student   Assistance
 9    Commission.
10        Section   15.  Creation   of   Illinois  prepaid  tuition
11    program.  There  is  created  the  Illinois  prepaid  tuition
12    program to be administered by the Illinois Student Assistance
13    Commission  in  conjunction  with  the Prepaid Tuition Review
14    Board.  This program is to be administered so that  the  full
15    cost  of  tuition  and  mandatory  fees  at  Illinois  public
16    universities  and  Illinois community colleges may be paid in
17    advance of  enrollment  through  the  prior  purchase  of  an
18    Illinois  prepaid tuition contract.  The Commission may enter
19    into  contracts  as  may  be   necessary   to   provide   for
20    administration of the program and shall develop and implement
21    rules   and   regulations   necessary   for   the   efficient
22    administration of the program.
23        All  reasonable  charges incidental to the administration
24    of the program by the Commission shall be paid in the initial
25    year of the program's  operation  from  the  General  Revenue
26    Fund, pursuant to appropriations made for that purpose by the
27    General  Assembly.   Those charges and expenses in subsequent
28    years shall be paid exclusively  from  the  Illinois  Prepaid
29    Tuition Trust Fund established by Section 35 of this Act.
30        Section  20.  Prepaid Tuition Review Board.  The Illinois
31    prepaid tuition program shall be administered by the Illinois
32    Student Assistance Commission in conjunction with the Prepaid
                            -5-            LRB9003362EGfgam01
 1    Tuition Review Board.  The Illinois prepaid  tuition  program
 2    shall  be  administratively housed within the Commission, and
 3    the Board shall have  responsibility  for  oversight  of  the
 4    program as specified in this Section.
 5        The Board shall consist of 3 members who are appointed by
 6    the Governor and subject to confirmation by the Senate.  Each
 7    member  shall  possess knowledge, skill, and experience in at
 8    least one of the following areas of expertise:    accounting,
 9    actuarial    practice,   risk   management,   or   investment
10    management.  Members  shall  serve  three-year  terms  except
11    that,  in making the initial appointments, the Governor shall
12    appoint one member to serve for 2 years, one for 3 years, and
13    one for 4 years.  Any person appointed to fill a  vacancy  on
14    the Board shall be appointed in a like manner and shall serve
15    for  only  the unexpired term.  Members shall be eligible for
16    reappointment and shall serve until a successor is  appointed
17    and  confirmed.   Members  of  the  Board shall serve without
18    compensation but shall be reimbursed  for  expenses.   Before
19    being  installed  as  a full voting member of the Board, each
20    member of the Board shall file verified written statements of
21    economic interests with the Secretary of State as required by
22    the Illinois Governmental Ethics Act and with  the  Board  of
23    Ethics as required by Executive Order of the Governor.
24        The Governor shall appoint a member of the Board to serve
25    as  its initial Chairman.  Thereafter, the Board shall select
26    a Chairman  annually.   The  Board  also  shall  designate  a
27    Secretary-Treasurer  who  is  not a member of the Board.  The
28    Secretary-Treasurer shall keep a record of the proceedings of
29    the Board and shall be the custodian of all printed  material
30    filed  with  or  by  the  Board  and  of  its  official seal.
31    Notwithstanding the existence of vacancies on  the  Board,  a
32    majority of the members shall constitute a quorum.  The Board
33    shall  take  no  official  action in the absence of a quorum.
34    The Board shall meet, at a minimum, on a quarterly  basis  at
                            -6-            LRB9003362EGfgam01
 1    the call of the Chairman.  At least once each year, the Board
 2    shall  hold  a  meeting  jointly  with  the  Illinois Student
 3    Assistance Commission to discuss issues and concerns relating
 4    to the Illinois prepaid tuition program.  This joint  meeting
 5    shall be chaired by the Chairman of the Commission.
 6        Section  25.   Additional  powers of the Commission.  The
 7    Commission has the  following  specific  powers  relating  to
 8    administration of the Illinois prepaid tuition program:
 9             (1)  To direct funds to be invested, if not required
10        for immediate disbursement.
11             (2)  To   require   a  reasonable  length  of  State
12        residence for qualified beneficiaries of Illinois prepaid
13        tuition contracts.
14             (3)  To annually restrict the number of participants
15        in any prepaid tuition  plan  authorized  by  the  Board,
16        provided  that  any person denied participation solely on
17        the basis of such restriction  shall  be  given  priority
18        consideration  when  opportunities  to participate in the
19        plan are offered during the subsequent year.
20             (4)  To appropriately  segregate  contributions  and
21        payments  to  the  Illinois  prepaid tuition program into
22        various accounts and funds.
23             (5)  To solicit and accept gifts, grants, loans, and
24        other financial assistance from any  appropriate  source,
25        and  to  participate in any other way in any governmental
26        program that will carry out the express purposes of  this
27        Section.
28             (6)  To  require and collect administrative fees and
29        charges in connection with any transaction and to  impose
30        reasonable  penalties,  including default, for delinquent
31        payments or for entering into an Illinois prepaid tuition
32        contract on a fraudulent basis.
33             (7)  To impose reasonable time limits on use of  the
                            -7-            LRB9003362EGfgam01
 1        Illinois   prepaid   tuition  benefits  provided  by  the
 2        program, so  long  as  those  limitations  are  specified
 3        within the Illinois prepaid tuition contract.
 4             (8)  To  indicate  the  terms  and  conditions under
 5        which  Illinois  prepaid   tuition   contracts   may   be
 6        terminated  and to impose reasonable fees and charges for
 7        such termination, so long as those terms  and  conditions
 8        are   specified   within  the  Illinois  prepaid  tuition
 9        contract.
10             (9)  To provide for the receipt of contributions  to
11        the program in lump sum or installment payments.
12             (10)  To require that purchasers of Illinois prepaid
13        tuition  contracts  verify  in  writing  or  by any other
14        method acceptable to  the  Commission  any  requests  for
15        contract     conversions,    substitutions,    transfers,
16        cancellations, refund requests, or  contract  changes  of
17        any nature.
18        Section  30.  Board  duties  and  responsibilities.   The
19    Board  shall  oversee  and offer advice and counsel regarding
20    the investments of the Illinois prepaid tuition program  with
21    the  objective  of  obtaining  the  best  possible  return on
22    investments  consistent  with  actuarial  soundness  of   the
23    program.   The Board also has responsibility for approving on
24    a periodic  basis,  but  at  least  once  every  3  years,  a
25    marketing  agent  for  the  prepaid tuition program; and each
26    year the Board also  shall  approve  an  annual  report  that
27    describes  the  current  financial  condition  of the prepaid
28    tuition program.
29        (1)  Executive Director.  The Executive Director  of  the
30    Illinois  Student  Assistance  Commission  shall serve as the
31    chief administrative and operational officer of the Board and
32    the Illinois prepaid tuition program and shall perform  other
33    duties  assigned by the Board, including, but not limited to,
                            -8-            LRB9003362EGfgam01
 1    preparation of the annual comprehensive investment  plan  for
 2    consideration by the Commission and the Board.  The Executive
 3    Director shall be responsible for all investment, management,
 4    documentation,  public  information,  and marketing functions
 5    associated  with  the  Illinois  prepaid   tuition   program.
 6    Nothing  in  this  Section shall preclude the Commission from
 7    designating additional Commission  personnel  to  assist  the
 8    Executive   Director   with   these   additional  duties  and
 9    responsibilities.
10        (2)  Investment  plan.   The  Commission  annually  shall
11    submit for Board approval a  comprehensive  investment  plan,
12    for  purposes  of this Section.  The comprehensive investment
13    plan shall specify the investment policies to be utilized  by
14    the  Commission in its administration of the Illinois Prepaid
15    Tuition Trust Fund created by Section 35.  The Commission may
16    direct that assets  of  those  Funds  be  placed  in  savings
17    accounts  or  may  use the same to purchase fixed or variable
18    life insurance or annuity contracts, securities, evidence  of
19    indebtedness,  or  other  investment products pursuant to the
20    comprehensive investment plan and in such proportions as  may
21    be  designated or approved under that plan.  Those insurance,
22    annuity,  savings,   and   investment   products   shall   be
23    underwritten   and  offered  in  compliance  with  applicable
24    federal and State laws, rules, and regulations by persons who
25    are authorized thereunder to  provide  those  services.   The
26    Commission  shall  delegate  responsibility for preparing the
27    comprehensive investment  plan  to  the  Executive  Director.
28    Nothing  in  this  Section shall preclude the Commission from
29    contracting with a  private  corporation  or  institution  to
30    provide  such  services as may be a part of the comprehensive
31    investment  plan  or  as  may   be   deemed   necessary   for
32    implementation   of   the   comprehensive   investment  plan,
33    including,  but  not  limited  to,   providing   consolidated
34    billing,   individual   and  collective  record  keeping  and
                            -9-            LRB9003362EGfgam01
 1    accounting, and asset purchase, control, and safekeeping.
 2        (3)  Program management.  The Commission  and  the  Board
 3    may  not delegate their management functions, but may arrange
 4    to compensate for personalized investment  advisory  services
 5    rendered  with respect to any or all of the investments under
 6    their control an investment advisor registered under  Section
 7    8 of the Illinois Securities Law of 1953 or any bank or other
 8    entity  authorized by law to provide those services.  Nothing
 9    contained herein shall preclude either the Commission or  the
10    Board   from   subscribing  to  general  investment  research
11    services available for purchase or use by others.  The  Board
12    also  shall  have  authority  to  compensate  for accounting,
13    computing, and other necessary services.
14        (4)  Annual  report.   The  Commission   shall   annually
15    prepare or cause to be prepared, for approval by the Board, a
16    report  setting  forth in appropriate detail an accounting of
17    all Illinois prepaid tuition program funds and a  description
18    of  the  financial  condition  of the program at the close of
19    each fiscal year.   Included  in  this  report  shall  be  an
20    evaluation  by  at least one nationally recognized actuary of
21    the financial viability of the program.  This  report,  after
22    receiving Board approval, shall be submitted to the Governor,
23    the  President  of  the  Senate,  the Speaker of the House of
24    Representatives, the Auditor General, and the Board of Higher
25    Education on or before March 1 of the subsequent fiscal year.
26    This report also shall be made  available  to  purchasers  of
27    Illinois prepaid tuition contracts and shall contain complete
28    Illinois   prepaid   tuition   contract   sales  information,
29    including,  but  not  limited  to,  projected   postsecondary
30    enrollment data for qualified beneficiaries.
31        (5)  Marketing  plan.  Selection of a marketing agent for
32    the Illinois prepaid tuition program must be approved by  the
33    Board.   At  least  once  every 3 years, the Commission shall
34    solicit, for submission to the Board, proposals for marketing
                            -10-           LRB9003362EGfgam01
 1    of the Illinois prepaid tuition program  in  accordance  with
 2    the  Illinois  Securities  Law  of  1953  and  any applicable
 3    provisions of federal law.  The entity designated pursuant to
 4    this paragraph shall serve as a centralized  marketing  agent
 5    for  the  program and shall have exclusive responsibility for
 6    marketing  the  program.   No  contract  for  marketing   the
 7    Illinois prepaid tuition program shall extend for longer than
 8    3 years.  Any materials produced for the purpose of marketing
 9    the  program shall be submitted to the Executive Director for
10    approval  before  they  are  made   public.    Any   Illinois
11    MAP-eligible  institution  may distribute marketing materials
12    produced for the program, so long as the  Executive  Director
13    approves  the distribution in advance.  Neither the State nor
14    the  Board  nor  the   Commission   shall   be   liable   for
15    misrepresentation of the program by a marketing agent.
16        (6)  Accounting and audit.  The Commission shall annually
17    cause  to  be  prepared  an accounting of the trust and shall
18    transmit a copy of the accounting to the Board, the Governor,
19    the President of the Senate, the Speaker of  the  House,  and
20    the   minority   leaders   of   the   Senate   and  House  of
21    Representatives.  The Commission shall  also  make  available
22    this  accounting of the trust to any purchaser of an Illinois
23    prepaid tuition contract, upon request.  The accounts of  the
24    Illinois  prepaid  tuition program shall be subject to annual
25    audits  by  the  Auditor  General  or  a   certified   public
26    accountant appointed by the Auditor General.
27        Section 35.  Illinois Prepaid Tuition Trust Fund.
28        (a)  The  Illinois  Prepaid Tuition Trust Fund is created
29    as the repository of all moneys  received  by  the  Board  in
30    conjunction  with  the Illinois prepaid tuition program.  The
31    Illinois  Prepaid  Tuition  Trust  Fund  also  shall  be  the
32    official repository  of  all  contributions,  appropriations,
33    interest  and  dividend  payments,  gifts, or other financial
                            -11-           LRB9003362EGfgam01
 1    assets  received  by  the  Commission  in   connection   with
 2    operation  of the Illinois prepaid tuition program.  All such
 3    moneys shall be deposited in  the  Illinois  Prepaid  Tuition
 4    Trust  Fund  and  held  by  the State Treasurer as ex-officio
 5    custodian thereof, outside of the  State  Treasury,  separate
 6    and apart from all public moneys or funds of this State.
 7        All  interest  or  other earnings accruing or received on
 8    amounts in the Illinois Prepaid Tuition Trust Fund  shall  be
 9    credited  to  and retained by the Fund.  Moneys, interest, or
10    other earnings paid into the Fund shall not be transferred or
11    allocated by the Commission, the Board, the State  Treasurer,
12    or  the  State  Comptroller  to any other fund, nor shall the
13    Governor authorize any such transfer or allocation, while any
14    contracts are outstanding.  In addition, no moneys, interest,
15    or  other  earnings  paid  into  the  Fund  shall  be   used,
16    temporarily  or  otherwise,  for  interfund  borrowing  or be
17    otherwise used or appropriated except as expressly authorized
18    in this Act.
19        The  Illinois  Prepaid  Tuition  Trust  Fund   and   each
20    individual  participant  account  that may be created in that
21    Fund in conjunction with the Illinois prepaid tuition program
22    shall be subject to audit in the same  manner  as  funds  and
23    accounts  belonging  to  the  State  of Illinois and shall be
24    protected by the official bond given by the State Treasurer.
25        (b)  The State Treasurer, from time to time, shall invest
26    moneys in the Illinois Prepaid Tuition Trust  Fund  that  are
27    not  needed  for  immediate  disbursement, as directed by the
28    Commission, in accordance with provisions of  the  investment
29    plan approved by the Board.
30        (c)  The  Executive  Director shall, at such times and in
31    such amounts as shall be necessary, prepare and send  to  the
32    State   Comptroller  vouchers  requesting  payment  from  the
33    Illinois Prepaid Tuition Trust Fund for: (i) tuition and  fee
34    payments  to MAP-eligible institutions on behalf of qualified
                            -12-           LRB9003362EGfgam01
 1    beneficiaries of Illinois prepaid tuition contracts, and (ii)
 2    payments  associated  with  administration  of  the  Illinois
 3    prepaid tuition program.
 4        This Act shall constitute  an  irrevocable  appropriation
 5    for   all  amounts  necessary  for  such  purposes,  and  the
 6    irrevocable and continuing authority for and direction to the
 7    Board, the Commission, the Executive Director, and the  State
 8    Treasurer to make the necessary payments out of that Fund for
 9    those purposes.
10        (d)  The  Governor  shall  indicate  in each annual State
11    budget the estimated amount of moneys in the Illinois Prepaid
12    Tuition Trust Fund which shall be necessary  and  sufficient,
13    during  that  State fiscal year, to discharge all obligations
14    anticipated under Illinois prepaid  tuition  contracts.   The
15    Governor  also shall indicate in each annual State budget the
16    amount of moneys from the Illinois Prepaid Tuition Trust Fund
17    necessary  to  cover  anticipated  expenses  associated  with
18    administration of the program.  The Commission  shall  obtain
19    concurrence  from  a  nationally recognized actuary as to all
20    amounts necessary for the program to  meet  its  obligations.
21    These  amounts shall be certified annually to the Governor by
22    the Commission no later than January 30.
23        During the first  year  of  operation  for  the  Illinois
24    prepaid  tuition  program,  the  Governor  shall  request  an
25    appropriation to the Commission from general funds sufficient
26    to  pay  for  start-up costs associated with establishment of
27    the program.  Subsequent program administrative  costs  shall
28    be  provided  from  reasonable  fees  and  charges  equitably
29    assessed to purchasers of prepaid tuition contracts.
30        (e)  If  there  are  insufficient  moneys in the Illinois
31    Prepaid Tuition Trust Fund to discharge all obligations under
32    contracts as they become due, the Governor shall request  the
33    General Assembly to transfer from the General Revenue Fund to
34    the  Illinois Prepaid Tuition Trust Fund the necessary amount
                            -13-           LRB9003362EGfgam01
 1    required to fully pay and discharge all  obligations  arising
 2    under  the contracts and this Act that otherwise could not be
 3    discharged.  If for any reason the General Assembly fails  to
 4    make  appropriations for or fails to transfer to the Illinois
 5    Prepaid  Tuition  Trust  Fund  amounts  sufficient  for   the
 6    discharge  of obligations arising under contracts or this Act
 7    as they become due, this Act shall constitute an  irrevocable
 8    and  continuing  appropriation  of  all amounts necessary for
 9    such purposes and the irrevocable  and  continuing  authority
10    for  and  direction to the State Comptroller and to the State
11    Treasurer to make the necessary transfers  and  disbursements
12    from the revenues and funds of the State for such purposes.
13        (f)  All  contracts  issued  in  accordance with this Act
14    shall be direct, general obligations of the State of Illinois
15    and shall so state on their face,  and  the  full  faith  and
16    credit  of the State of Illinois are pledged for the punctual
17    payment of all payments and obligations under  the  contracts
18    and this Act as they become due.
19        (g)  In  the event the Board and the Commission, with the
20    concurrence of the Governor,  determine  the  program  to  be
21    financially   infeasible,  the  Commission  may  discontinue,
22    prospectively, the operation of the program.   Any  qualified
23    beneficiary  who has been accepted by and is enrolled or will
24    within 5 years enroll at a MAP-eligible institution shall  be
25    entitled  to  exercise the complete benefits specified in the
26    Illinois  prepaid  tuition  contract.   All  other   contract
27    holders   shall   receive   an   appropriate  refund  of  all
28    contributions and accrued interest up to the  time  that  the
29    program is discontinued.
30        Section 45. Illinois prepaid tuition contracts.
31        (a)  The  Commission  may  enter into an Illinois prepaid
32    tuition contract with a purchaser under which the  Commission
33    contracts  on  behalf  of  the  State to pay full tuition and
                            -14-           LRB9003362EGfgam01
 1    mandatory fees at an Illinois public university  or  Illinois
 2    community  college  for a qualified beneficiary to attend the
 3    MAP-eligible institution to which the  qualified  beneficiary
 4    is  admitted.  Each contract shall contain terms, conditions,
 5    and provisions that the Commission determines to be necessary
 6    for  ensuring  the  educational  objectives  and  sustainable
 7    financial viability of the Illinois prepaid tuition program.
 8        (b)  Each contract shall have  one  designated  purchaser
 9    and  one  designated  qualified beneficiary. Unless otherwise
10    specified in the contract, the purchaser  owns  the  contract
11    and  retains  any tax liability for its assets only until the
12    first distribution of benefits. Once a partial benefit of the
13    contract has been disbursed, any tax  liability  attributable
14    to the contract and its assets becomes a tax liability of the
15    qualified  beneficiary,  unless  otherwise  specified  in the
16    contract. Contracts shall be purchased in units of 15  credit
17    hours at any MAP-eligible institution.
18        (c)  Without  exception,  benefits  may  be received by a
19    qualified beneficiary of an Illinois prepaid tuition contract
20    no earlier than  3  years  from  the  date  the  contract  is
21    purchased.
22        (d)  A prepaid tuition contract shall contain, but is not
23    limited  to,  provisions  for  (i)  refunds or withdrawals in
24    certain circumstances, with or without interest or penalties;
25    (ii) conversion of the contract at the time  of  distribution
26    from  accrued  prepayment  value  at one type of MAP-eligible
27    institution to the accrued prepayment value  at  a  different
28    type  of  MAP-eligible  institution; (iii) portability of the
29    accrued  value  of  the  prepayment  value  for  use  at   an
30    out-of-state     higher     education    institution;    (iv)
31    transferability of the contract benefits within the qualified
32    beneficiary's immediate family; and (v) a  specified  benefit
33    period during which the contract may be redeemed.
34        (e)  Each  Illinois  prepaid  tuition contract also shall
                            -15-           LRB9003362EGfgam01
 1    contain, at minimum, all of the following:
 2             (1)  The amount  of  payment  or  payments  and  the
 3        number of payments required from a purchaser on behalf of
 4        a qualified beneficiary.
 5             (2)  The terms and conditions under which purchasers
 6        shall  remit payments, including, but not limited to, the
 7        date or dates upon which each payment shall be due.
 8             (3)  Provisions for late  payment  charges  and  for
 9        default.
10             (4)  Provisions for penalty fees payable incident to
11        an authorized withdrawal.
12             (5)  The  name,  date  of birth, and social security
13        number of the qualified beneficiary on whose  behalf  the
14        contract  is  drawn  and  the  terms and conditions under
15        which  the  contract  may  be  transferred   to   another
16        qualified beneficiary.
17             (6)  The  name  and  social  security  number of any
18        person who may  terminate  the  contract,  together  with
19        terms that specify whether the contract may be terminated
20        by  the  purchaser, the qualified beneficiary, a specific
21        designated person, or any combination of these persons.
22             (7)  The terms and conditions under which a contract
23        may be terminated, the name and social security number of
24        the person entitled to any refund due as a result of  the
25        termination  of  the contract pursuant to those terms and
26        conditions, and the method for determining the amount  of
27        a refund.
28             (8)  The  time limitations, if any, within which the
29        qualified beneficiary must  claim  his  or  her  benefits
30        through the program.
31             (9)  Other  terms  and  conditions determined by the
32        Commission to be appropriate.
33        (f)  In addition to the contract provisions set forth  in
34    subsection  (e), each Illinois prepaid tuition contract shall
                            -16-           LRB9003362EGfgam01
 1    include:
 2             (1)  The number of credit hours  contracted  by  the
 3        purchaser.
 4             (2)  The  type  of  MAP-eligible institution and the
 5        prepaid tuition plan toward which the credit hours  shall
 6        be applied.
 7             (3)  The  explicit  contractual  obligation  of  the
 8        Commission  to  the  qualified  beneficiary  to provide a
 9        specific  number  of  credit   hours   of   undergraduate
10        instruction  at a MAP-eligible institution, not to exceed
11        the median  number  of  credit  hours  required  for  the
12        conference  of  a  degree  that  corresponds  to the plan
13        purchased on behalf of the qualified beneficiary.
14        (g)  The Commission shall indicate by rule the conditions
15    under which refunds are  payable  to  a  contract  purchaser.
16    Generally,  no  refund  shall exceed the amount paid into the
17    Illinois Prepaid Tuition Trust Fund by the purchaser.  In the
18    event that a contract is converted from a  Public  University
19    Plan  described  in  subsection  (j)  of  this  Section  to a
20    Community College Plan described in subsection  (k)  of  this
21    Section,  the  refund  amount  shall be reduced by the amount
22    transferred to the Illinois community college  on  behalf  of
23    the  qualified  beneficiary.  Except where the Commission may
24    otherwise rule, refunds may exceed the amount paid  into  the
25    Illinois  Prepaid Tuition Trust Fund only under the following
26    circumstances:
27             (1)  If  the  qualified  beneficiary  is  awarded  a
28        scholarship, the terms of which  duplicate  the  benefits
29        included  in  the Illinois prepaid tuition contract, then
30        moneys paid for the purchase of  the  contract  shall  be
31        returned  to the purchaser, in semester installments that
32        coincide  with  the  matriculation   by   the   qualified
33        beneficiary,  in an amount equal to the lesser of (i) the
34        original  purchase  price  plus  2%  interest  compounded
                            -17-           LRB9003362EGfgam01
 1        annually,  or  (ii)  the  current  cost  of  tuition  and
 2        mandatory fees at the MAP-eligible institution where  the
 3        qualified beneficiary is enrolled.
 4             (2)  In  the  event of the death or total disability
 5        of  the  qualified  beneficiary,  moneys  paid  for   the
 6        purchase  of  the Illinois prepaid tuition contract shall
 7        be returned to the purchaser together  with  all  accrued
 8        earnings.
 9             (3)  If  an  Illinois  prepaid  tuition  contract is
10        converted from a Public University Plan  to  a  Community
11        College Plan, then the amount refunded shall be the value
12        of  the  original Illinois prepaid tuition contract minus
13        the value of the contract after conversion.
14        No refund shall be authorized under an  Illinois  prepaid
15    tuition  contract for any semester partially attended but not
16    completed.
17        Moneys paid into or out of the Illinois  Prepaid  Tuition
18    Trust  Fund by or on behalf of the purchaser or the qualified
19    beneficiary of  an  Illinois  prepaid  tuition  contract  are
20    exempt  from  all  claims  of  creditors  of the purchaser or
21    beneficiary, so long as the contract has not been terminated.
22        The State or any State agency, county,  municipality,  or
23    other   political  subdivision,  by  contract  or  collective
24    bargaining agreement, may agree with any  employee  to  remit
25    payments  toward  the  purchase  of  Illinois prepaid tuition
26    contracts through payroll deductions made by the  appropriate
27    officer  or officers of the entity making the payments.  Such
28    payments shall be held and administered  in  accordance  with
29    this Act.
30        (h)  Nothing  in this Act shall be construed as a promise
31    or guarantee that a qualified beneficiary will be admitted to
32    a MAP-eligible institution or to  a  particular  MAP-eligible
33    institution,  will  be  allowed  to  continue enrollment at a
34    MAP-eligible  institution  after  admission,   or   will   be
                            -18-           LRB9003362EGfgam01
 1    graduated from a MAP-eligible institution.
 2        (i)  The   Commission  shall  develop  and  make  prepaid
 3    tuition contracts available under a minimum  of  at  least  2
 4    independent  plans  to be known as the Public University Plan
 5    and the Community College Plan.
 6        Contracts shall be purchased in units of 15 credit  hours
 7    at  either  an  Illinois  public  university  or  an Illinois
 8    community college.  The minimum purchase amount per qualified
 9    beneficiary shall be  one  unit  or  15  credit  hours.   The
10    maximum  purchase  amount  shall  be  9  units (or 135 credit
11    hours) for the Public University Plan  and  4  units  (or  60
12    credit hours) for the Community College Plan.
13        (j)  Public   University   Plan.    Through   the  Public
14    University Plan, the Illinois prepaid tuition contract  shall
15    provide prepaid registration fees, which include full tuition
16    costs  as  well  as mandatory fees, for a specified number of
17    undergraduate credit hours, not to exceed the maximum  number
18    of   credit   hours   required   for   the  conference  of  a
19    baccalaureate   degree.    In   determining   the   cost   of
20    participation in the Public University Plan,  the  Commission
21    shall    reference   the   combined   mean-weighted   current
22    registration fees from all Illinois public universities.
23        In the event that a qualified  beneficiary  for  whatever
24    reason  chooses  to attend an Illinois community college, the
25    qualified beneficiary  may  convert  the  average  number  of
26    credit  hours  required  for  the  conference of an associate
27    degree from the  Public  University  Plan  to  the  Community
28    College  Plan  and may retain the remaining Public University
29    Plan credit hours or may request a refund for prepaid  credit
30    hours  in  excess  of  those  required  for  conference of an
31    associate degree.  In determining the amount of  any  refund,
32    the  Commission  also  shall  recognize  the current relative
33    credit hour cost of the 2 plans when making any conversion.
34        In the event that a qualified  beneficiary  for  whatever
                            -19-           LRB9003362EGfgam01
 1    reason  chooses  to  attend a nonpublic institution of higher
 2    education,  the  qualified  beneficiary's   prepaid   tuition
 3    contract  shall  be  converted  for  use  at  that  nonpublic
 4    institution  of  higher  education by referencing the current
 5    average mean-weighted credit hour value of registration  fees
 6    at Illinois public universities relative to the corresponding
 7    value  of  registration  fees  at  nonpublic  institutions of
 8    higher education.
 9        Qualified  beneficiaries  shall  bear  the  cost  of  any
10    laboratory  or  other  non-mandatory  fees  associated   with
11    enrollment  in specific courses.  Qualified beneficiaries who
12    are not Illinois residents shall bear the difference in  cost
13    between  in-state registration fees guaranteed by the prepaid
14    tuition contract and tuition and other charges assessed  upon
15    out-of-state students by the MAP-eligible institution.
16        (k)  Community   College  Plan.   Through  the  Community
17    College Plan, the Illinois  prepaid  tuition  contract  shall
18    provide prepaid registration fees, which include full tuition
19    costs  as  well  as mandatory fees, for a specified number of
20    undergraduate credit hours, not to exceed the maximum  number
21    of  credit  hours required for the conference of an associate
22    degree.  In determining the  cost  of  participation  in  the
23    Community  College  Plan,  the Commission shall reference the
24    combined mean-weighted current  registration  fees  from  all
25    Illinois community colleges.
26        In  the  event  that a qualified beneficiary for whatever
27    reason chooses to attend an Illinois public  university,  the
28    qualified  beneficiary's  prepaid  tuition  contract shall be
29    converted for use  at  that  Illinois  public  university  by
30    referencing  the  current  average  mean-weighted credit hour
31    value of registration fees  at  Illinois  community  colleges
32    relative  to  the corresponding value of registration fees at
33    Illinois public universities.
34        Qualified  beneficiaries  shall  bear  the  cost  of  any
                            -20-           LRB9003362EGfgam01
 1    laboratory  or  other  non-mandatory  fees  associated   with
 2    enrollment  in specific courses.  Qualified beneficiaries who
 3    are not Illinois residents shall bear the difference in  cost
 4    between  in-state registration fees guaranteed by the prepaid
 5    tuition contract and tuition and other charges assessed  upon
 6    out-of-state students by the MAP-eligible institution.
 7        (l)  A  qualified  beneficiary  may apply the benefits of
 8    any Illinois prepaid  tuition  contract  toward  a  nonpublic
 9    institution  of  higher  education.   In  the  event  that  a
10    qualified beneficiary for whatever reason chooses to attend a
11    nonpublic  institution  of  higher  education,  the qualified
12    beneficiary's prepaid tuition contract shall be converted for
13    use at that nonpublic  institution  of  higher  education  by
14    referencing  the  current  average  mean-weighted credit hour
15    value of  registration  fees  purchased  under  the  contract
16    relative  to  the corresponding value of current registration
17    fees at the nonpublic institution of higher  education  where
18    the  beneficiary is enrolled.  The Commission shall transfer,
19    or cause to have transferred, this amount,  less  a  transfer
20    fee,   to   the   nonpublic  institution  on  behalf  of  the
21    beneficiary.  In the event  that  the  cost  of  registration
22    charged  to  the  beneficiary at the nonpublic institution of
23    higher education is less than  the  aggregate  value  of  the
24    Illinois prepaid tuition contract, any remaining amount shall
25    be  transferred  in  subsequent  semesters until the transfer
26    value is fully depleted.
27        (m)  A qualified beneficiary may apply  the  benefits  of
28    any  Illinois  prepaid  tuition  contract  toward an eligible
29    out-of-state college or university.   In  the  event  that  a
30    qualified  beneficiary  for whatever reason chooses to attend
31    an eligible out-of-state college or university, the qualified
32    beneficiary's prepaid tuition contract shall be converted for
33    use at that college or university by referencing the  current
34    average  mean-weighted credit hour value of registration fees
                            -21-           LRB9003362EGfgam01
 1    purchased under the contract relative  to  the  corresponding
 2    value   of  current  registration  fees  at  the  college  or
 3    university where the beneficiary is enrolled.  The Commission
 4    shall transfer, or cause to have  transferred,  this  amount,
 5    less  a  transfer fee, to the college or university on behalf
 6    of  the  beneficiary.   In  the  event  that  the   cost   of
 7    registration  charged  to  the  beneficiary  at  the eligible
 8    out-of-state college or university is less than the aggregate
 9    value of the Illinois prepaid tuition contract, any remaining
10    amount shall be transferred in subsequent semesters until the
11    transfer value is fully depleted.
12        (n)  Illinois prepaid tuition contracts may be  purchased
13    either  by  lump  sum  or  by  installments.  All installment
14    contracts shall be for 5 years, except  that  contracts  that
15    purchase  at  least  120  credit  hours  may  be  payable, by
16    installments, over a 10-year period.   No  penalty  shall  be
17    assessed for early payment of installment contracts.
18        (o)  The  Commission  shall  annually adjust the price of
19    new contracts, in  accordance  with  the  annual  changes  in
20    registration   fees   at  Illinois  public  universities  and
21    community colleges.
22        Section 50.  Confidentiality and disclosure.  Information
23    that (i) identifies the purchasers or qualified beneficiaries
24    of any Illinois prepaid tuition  contract  or  any  terms  or
25    provisions of any such contract as those terms and provisions
26    relate to a particular purchaser or qualified beneficiary, or
27    (ii) discloses any other matter relating to the participation
28    of  any  such  purchaser  or  qualified  beneficiary  in  the
29    Illinois  prepaid  tuition program or in any independent plan
30    under which that program  is  administered,  is  exempt  from
31    inspection,  copying,  or  disclosure  under  the  Freedom of
32    Information Act. The Commission may authorize  the  program's
33    records   administrator   to  release  such  information   to
                            -22-           LRB9003362EGfgam01
 1    appropriate personnel  at  the  MAP-eligible  institution  at
 2    which  the  beneficiary  may enroll or is enrolled.  However,
 3    any such institution to which that  information  is  released
 4    shall   ensure   the   continued   confidentiality   of   the
 5    information.
 6        Section  55.   Tax exemption.  The assets of the Illinois
 7    Prepaid Tuition Trust Fund and its income and operation shall
 8    be exempt from all taxation by the State of Illinois and  any
 9    of  its  subdivisions.   The  accrued  earnings  of  Illinois
10    prepaid  tuition  contracts  once  disbursed  on behalf of an
11    eligible beneficiary  shall  be  similarly  exempt  from  all
12    taxation   by   the   State   of  Illinois  and  any  of  its
13    subdivisions, so  long  as  they  are  used  for  educational
14    purposes  in  accordance  with  the provisions of an Illinois
15    prepaid tuition contract.
16        Section 60.  Securities Registration Exemption.  Illinois
17    prepaid tuition contracts shall be exempt  from  registration
18    under  the  Illinois  Securities  Law  of  1953.   However no
19    contract  may  be  sold  or  otherwise  transferred  by   the
20    purchaser or qualified beneficiary without the prior approval
21    of  the Board, except in accordance with the terms explicitly
22    set forth in the contract.
23        Section 65.  Construction. Nothing in this Act or  in  an
24    Illinois  prepaid  tuition  contract  shall be construed as a
25    promise or guarantee by the  Program  or  the  State  that  a
26    person will be admitted to any MAP-eligible institution or to
27    a  particular  MAP-eligible  institution,  will be allowed to
28    continue to attend a MAP-eligible  institution  after  having
29    been  admitted,  or  will  be  graduated  from a MAP-eligible
30    institution.
                            -23-           LRB9003362EGfgam01
 1        Section   70.    Scholarships,   grants,   or    monetary
 2    assistance.   No  contributions  toward  the  purchase  of an
 3    Illinois prepaid tuition contract authorized by this  Section
 4    shall  be considered in evaluating the financial situation of
 5    the student beneficiary  of  the  contract  or  be  deemed  a
 6    financial   resource  of  or  a  form  of  financial  aid  or
 7    assistance  to  the  student  beneficiary,  for  purposes  of
 8    determining the eligibility of the  student  beneficiary  for
 9    any  scholarship, grant or monetary assistance awarded by the
10    Commission, the State,  or  any  agency  thereof;  nor  shall
11    contributions  toward  the  purchase  of  an Illinois prepaid
12    tuition contract reduce the amount of any scholarship, grant,
13    or  monetary  assistance  that  the  student  beneficiary  is
14    eligible to be awarded by  the  Illinois  Student  Assistance
15    Commission,  the  State,  or any agency thereof in accordance
16    with the provisions of any other Section of this Act  or  any
17    other law of the State.
18        Section 90.  The Freedom of Information Act is amended by
19    changing Section 7 as follows:
20        (5 ILCS 140/7) (from Ch. 116, par. 207)
21        Sec. 7.  Exemptions.
22        (1)  The  following  shall  be exempt from inspection and
23    copying:
24             (a)  Information   specifically   prohibited    from
25        disclosure   by   federal  or  State  law  or  rules  and
26        regulations adopted under federal or State law.
27             (b)  Information   that,   if    disclosed,    would
28        constitute  a  clearly  unwarranted  invasion of personal
29        privacy, unless the disclosure is consented to in writing
30        by the  individual  subjects  of  the  information.   The
31        disclosure of information that bears on the public duties
32        of public employees and officials shall not be considered
                            -24-           LRB9003362EGfgam01
 1        an  invasion  of  personal privacy.  Information exempted
 2        under this  subsection  (b)  shall  include  but  is  not
 3        limited to:
 4                  (i)  files  and personal information maintained
 5             with  respect  to  clients,   patients,   residents,
 6             students  or  other  individuals  receiving  social,
 7             medical,    educational,    vocational,   financial,
 8             supervisory or custodial care or  services  directly
 9             or   indirectly  from  federal  agencies  or  public
10             bodies;
11                  (ii)  personnel files and personal  information
12             maintained  with respect to employees, appointees or
13             elected officials of any public body  or  applicants
14             for those positions;
15                  (iii)  files     and    personal    information
16             maintained with respect to any applicant, registrant
17             or licensee by any public body cooperating  with  or
18             engaged     in    professional    or    occupational
19             registration, licensure or discipline;
20                  (iv)  information required of any  taxpayer  in
21             connection  with the assessment or collection of any
22             tax unless disclosure is otherwise required by State
23             statute; and
24                  (v)  information  revealing  the  identity   of
25             persons   who   file   complaints  with  or  provide
26             information to  administrative,  investigative,  law
27             enforcement  or  penal  agencies; provided, however,
28             that  identification   of   witnesses   to   traffic
29             accidents,  traffic  accident  reports,  and  rescue
30             reports   may  be  provided  by  agencies  of  local
31             government, except in a case for  which  a  criminal
32             investigation  is  ongoing,  without  constituting a
33             clearly unwarranted  per  se  invasion  of  personal
34             privacy under this subsection.
                            -25-           LRB9003362EGfgam01
 1             (c)  Records   compiled   by  any  public  body  for
 2        administrative  enforcement  proceedings  and   any   law
 3        enforcement  or  correctional  agency for law enforcement
 4        purposes or for internal matters of a  public  body,  but
 5        only to the extent that disclosure would:
 6                  (i)  interfere  with  pending  or  actually and
 7             reasonably contemplated law enforcement  proceedings
 8             conducted  by  any  law  enforcement or correctional
 9             agency;
10                  (ii)  interfere  with  pending   administrative
11             enforcement  proceedings  conducted  by  any  public
12             body;
13                  (iii)  deprive  a  person of a fair trial or an
14             impartial hearing;
15                  (iv)  unavoidably disclose the  identity  of  a
16             confidential   source  or  confidential  information
17             furnished only by the confidential source;
18                  (v)  disclose     unique     or     specialized
19             investigative techniques other than those  generally
20             used  and  known  or  disclose internal documents of
21             correctional   agencies   related   to    detection,
22             observation  or  investigation of incidents of crime
23             or misconduct;
24                  (vi)  constitute  an   invasion   of   personal
25             privacy under subsection (b) of this Section;
26                  (vii)  endanger  the life or physical safety of
27             law enforcement personnel or any other person; or
28                  (viii)  obstruct    an     ongoing     criminal
29             investigation.
30             (d)  Criminal  history record information maintained
31        by State or local criminal justice agencies,  except  the
32        following  which  shall be open for public inspection and
33        copying:
34                  (i)  chronologically     maintained      arrest
                            -26-           LRB9003362EGfgam01
 1             information,  such  as  traditional  arrest  logs or
 2             blotters;
 3                  (ii)  the name of a person in the custody of  a
 4             law  enforcement  agency  and  the charges for which
 5             that person is being held;
 6                  (iii)  court records that are public;
 7                  (iv)  records  that  are  otherwise   available
 8             under State or local law; or
 9                  (v)  records  in  which the requesting party is
10             the individual identified, except as provided  under
11             part  (vii)  of  paragraph  (c) of subsection (1) of
12             this Section.
13             "Criminal history  record  information"  means  data
14        identifiable   to   an   individual   and  consisting  of
15        descriptions  or  notations   of   arrests,   detentions,
16        indictments, informations, pre-trial proceedings, trials,
17        or  other formal events in the criminal justice system or
18        descriptions or notations of criminal charges  (including
19        criminal  violations  of  local municipal ordinances) and
20        the  nature  of  any   disposition   arising   therefrom,
21        including  sentencing, court or correctional supervision,
22        rehabilitation and release.  The term does not  apply  to
23        statistical  records and reports in which individuals are
24        not identified and from which their  identities  are  not
25        ascertainable,  or  to  information  that is for criminal
26        investigative or intelligence purposes.
27             (e)  Records that relate to or affect  the  security
28        of correctional institutions and detention facilities.
29             (f)  Preliminary   drafts,  notes,  recommendations,
30        memoranda  and  other  records  in  which  opinions   are
31        expressed,  or policies or actions are formulated, except
32        that a specific record or relevant portion  of  a  record
33        shall not be exempt when the record is publicly cited and
34        identified  by the head of the public body. The exemption
                            -27-           LRB9003362EGfgam01
 1        provided in this  paragraph  (f)  extends  to  all  those
 2        records  of officers and agencies of the General Assembly
 3        that pertain to the preparation of legislative documents.
 4             (g)  Trade  secrets  and  commercial  or   financial
 5        information  obtained from a person or business where the
 6        trade secrets or information are proprietary,  privileged
 7        or confidential, or where disclosure of the trade secrets
 8        or  information may cause competitive harm, including all
 9        information determined to be confidential  under  Section
10        4002  of  the Technology Advancement and Development Act.
11        Nothing  contained  in  this  paragraph  (g)   shall   be
12        construed to prevent a person or business from consenting
13        to disclosure.
14             (h)  Proposals  and bids for any contract, grant, or
15        agreement,  including  information  which  if   it   were
16        disclosed   would   frustrate   procurement  or  give  an
17        advantage  to  any  person  proposing  to  enter  into  a
18        contractor agreement with the body,  until  an  award  or
19        final  selection is made.  Information prepared by or for
20        the body in preparation of a bid  solicitation  shall  be
21        exempt until an award or final selection is made.
22             (i)  Valuable   formulae,   designs,   drawings  and
23        research data obtained or produced  by  any  public  body
24        when  disclosure  could reasonably be expected to produce
25        private gain or public loss.
26             (j)  Test  questions,   scoring   keys   and   other
27        examination   data   used   to   administer  an  academic
28        examination  or  determined  the  qualifications  of   an
29        applicant for a license or employment.
30             (k)  Architects'   plans  and  engineers'  technical
31        submissions for projects not constructed or developed  in
32        whole  or  in  part  with  public  funds and for projects
33        constructed or developed with public funds, to the extent
34        that disclosure would compromise security.
                            -28-           LRB9003362EGfgam01
 1             (l)  Library   circulation   and    order    records
 2        identifying library users with specific materials.
 3             (m)  Minutes  of meetings of public bodies closed to
 4        the public as provided in the Open Meetings Act until the
 5        public body makes the minutes  available  to  the  public
 6        under Section 2.06 of the Open Meetings Act.
 7             (n)  Communications  between  a  public  body and an
 8        attorney or auditor representing  the  public  body  that
 9        would  not  be  subject  to  discovery in litigation, and
10        materials prepared or compiled by or for a public body in
11        anticipation  of  a  criminal,  civil  or  administrative
12        proceeding upon the request of an attorney  advising  the
13        public  body,  and  materials  prepared  or compiled with
14        respect to internal audits of public bodies.
15             (o)  Information received by a primary or  secondary
16        school,  college  or  university under its procedures for
17        the evaluation  of  faculty  members  by  their  academic
18        peers.
19             (p)  Administrative    or    technical   information
20        associated with  automated  data  processing  operations,
21        including   but   not   limited  to  software,  operating
22        protocols,  computer  program  abstracts,  file  layouts,
23        source  listings,  object  modules,  load  modules,  user
24        guides,  documentation  pertaining  to  all  logical  and
25        physical  design  of   computerized   systems,   employee
26        manuals,  and  any  other information that, if disclosed,
27        would jeopardize the security of the system or  its  data
28        or the security of materials exempt under this Section.
29             (q)  Documents  or  materials relating to collective
30        negotiating  matters  between  public  bodies  and  their
31        employees  or  representatives,  except  that  any  final
32        contract or agreement shall be subject to inspection  and
33        copying.
34             (r)  Drafts,  notes,  recommendations  and memoranda
                            -29-           LRB9003362EGfgam01
 1        pertaining to the financing and marketing transactions of
 2        the public body. The records of ownership,  registration,
 3        transfer, and exchange of municipal debt obligations, and
 4        of   persons  to  whom  payment  with  respect  to  these
 5        obligations is made.
 6             (s)  The records, documents and information relating
 7        to  real  estate  purchase   negotiations   until   those
 8        negotiations have been completed or otherwise terminated.
 9        With regard to a parcel involved in a pending or actually
10        and  reasonably  contemplated  eminent  domain proceeding
11        under  Article  VII  of  the  Code  of  Civil  Procedure,
12        records,  documents  and  information  relating  to  that
13        parcel shall be exempt except as  may  be  allowed  under
14        discovery  rules  adopted  by the Illinois Supreme Court.
15        The records, documents and information relating to a real
16        estate sale shall be exempt until a sale is consummated.
17             (t)  Any and all proprietary information and records
18        related to the operation  of  an  intergovernmental  risk
19        management  association or self-insurance pool or jointly
20        self-administered  health  and  accident  cooperative  or
21        pool.
22             (u)  Information    concerning    a     university's
23        adjudication   of   student   or  employee  grievance  or
24        disciplinary cases, to the extent that  disclosure  would
25        reveal  the  identity  of  the  student  or  employee and
26        information concerning any public body's adjudication  of
27        student  or  employee  grievances  or disciplinary cases,
28        except for the final outcome of the cases.
29             (v)  Course materials or research materials used  by
30        faculty members.
31             (w)  Information  related  solely  to  the  internal
32        personnel rules and practices of a public body.
33             (x)  Information   contained   in   or   related  to
34        examination, operating, or condition reports prepared by,
                            -30-           LRB9003362EGfgam01
 1        on behalf of, or for the use of a public body responsible
 2        for  the   regulation   or   supervision   of   financial
 3        institutions or insurance companies, unless disclosure is
 4        otherwise required by State law.
 5             (y)  Information   the   disclosure   of   which  is
 6        restricted under Section 5-108 of  the  Public  Utilities
 7        Act.
 8             (z)  Manuals  or instruction to staff that relate to
 9        establishment or collection of liability  for  any  State
10        tax  or that relate to investigations by a public body to
11        determine violation of any criminal law.
12             (aa)  Applications, related documents,  and  medical
13        records    received    by    the    Experimental    Organ
14        Transplantation   Procedures   Board   and  any  and  all
15        documents or other records prepared by  the  Experimental
16        Organ  Transplantation  Procedures  Board  or  its  staff
17        relating to applications it has received.
18             (bb)  Insurance  or  self  insurance  (including any
19        intergovernmental risk  management  association  or  self
20        insurance   pool)   claims,   loss   or  risk  management
21        information, records, data, advice or communications.
22             (cc)  Information and records held by the Department
23        of  Public  Health  and  its  authorized  representatives
24        relating  to  known  or  suspected  cases   of   sexually
25        transmissible  disease  or any information the disclosure
26        of  which  is  restricted  under  the  Illinois  Sexually
27        Transmissible Disease Control Act.
28             (dd)  Information  the  disclosure   of   which   is
29        exempted under Section 7 of the Radon Mitigation Act.
30             (ee)  Firm  performance evaluations under Section 55
31        of the Architectural,  Engineering,  and  Land  Surveying
32        Qualifications Based Selection Act.
33             (ff)  Information   the   disclosure   of  which  is
34        restricted and exempted under Section 50 of the  Illinois
                            -31-           LRB9003362EGfgam01
 1        Prepaid Tuition Act.
 2        (2)  This  Section  does  not  authorize  withholding  of
 3    information  or  limit  the  availability  of  records to the
 4    public,  except  as  stated  in  this  Section  or  otherwise
 5    provided in this Act.
 6    (Source: P.A. 87-241; 87-673; 87-895; 88-444.)
 7        Section 99.  Effective date.  This Act takes effect  upon
 8    becoming law.".

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