91st General Assembly
Summary of SB0653
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Senate Sponsors:
CRONIN.

House Sponsors:
WINKEL

Short description: 
H ED STU ASSIST-COL-UNIV FUND                                              

Synopsis of Bill as introduced:
        Amends the  Higher  Education  Student  Assistance  Act  and  the      
   Illinois  Vehicle  Code.   Makes changes concerning who determines the      
   amount of a grant under  the  higher  education  license  plate  grant      
   program,  the maximum number of academic terms for which a student can      
   receive a minority teacher scholarship, the length of time for which a      
   recipient of a minority teacher  scholarship  pledges  to  teach,  the      
   interest  rate  at which a recipient of a minority teacher scholarship      
   repays the amount if he or she fails to fulfill his  or  her  teaching      
   obligation,  where  a  recipient of a minority teacher scholarship may      
   seek employment, the  circumstances  under  which  a  recipient  of  a      
   minority  teacher  scholarship  is not required to commence repayment,      
   where a recipient of a David A. DeBolt  Teacher  Shortage  Scholarship      
   may  fulfill  his  or  her teaching obligation, and how many terms for      
   which tuition and fees are paid under police officer or  fire  officer      
   survivor grants and grants for dependents of Department of Corrections      
   employees.   Provides  that  the  moneys  in  the  State  College  and      
   University Trust Fund shall be appropriated to  the  Illinois  Student      
   Assistance Commission instead of the Board of Higher Education.             
        SENATE AMENDMENT NO. 1.                                                
        For the higher education license plate  grant  program,  provides      
   that  the  private  college  or  university  (instead  of the Illinois      
   Student Assistance Commission) makes the finding that the applicant is      
   eligible for a grant.                                                       
        SENATE AMENDMENT NO. 2.                                                
          Deletes reference to:                                                
          625 ILCS 5/3-629                                                     
        Restores current law to provide that moneys in the State  College      
   and University Trust Fund shall be appropriated to the Board of Higher      
   Education (instead of the Illinois Student Assistance Commission).          
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          110 ILCS 947/113 new                                                 
        Further amends  the  Higher  Education  Student  Assistance  Act.      
   Requires  the  Illinois  Student  Assistance  Commission to create the      
   Federal Student Loan Fund, the Student Loan Operating  Fund,  and  the      
   Federal  Reserve  Recall  Fund.   Provides that, at the request of the      
   Commission's Executive Director, the Comptroller shall transfer funds,      
   as necessary, from the Student Assistance Commission Student Loan Fund      
   into these new funds.  Provides that on or before August 31, 1999, the      
   Commission's Executive  Director  shall  request  the  Comptroller  to      
   transfer all funds from the Student Assistance Commission Student Loan      
   Fund  into  any of the new funds.  Provides that on September 1, 1999,      
   the Student Assistance Commission  Student  Loan  Fund  is  abolished.      
   Provides  that  any future liabilities of this abolished fund shall be      
   assignable to the appropriate fund created as one of  its  successors.      
   Adds a July 1, 1999 effective date.                                         
        GOVERNOR'S AMENDATORY VETO MESSAGE                                     
        Recommends that the date on or before which the Illinois Student       
   Assistance Commission's Executive Director is required to request           
   the transfer of all funds from the Student Assistance Commission            
   Student Loan Fund be changed from August 31, 1999 to August 31, 2000.       
   Recommends that the date the Fund is abolished be changed from              
   September 1, 1999 to September 1, 2000.                                     
 
Last action on Bill: PUBLIC ACT.............................. 91-0670

   Last action date: 99-12-22

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   2


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