Bill Status of HB 573   102nd General Assembly

Short Description:  HIGHER ED SAVINGS PROGRAM

House Sponsors
Rep. Robyn Gabel-Katie Stuart-Camille Y. Lilly, Deb Conroy, Sue Scherer, Anna Moeller and Elizabeth Hernandez

Senate Sponsors
(Sen. Scott M. Bennett, Celina Villanueva and Cristina H. Pacione-Zayas)


Last Action  View All Actions

DateChamber Action
  7/23/2021HousePublic Act . . . . . . . . . 102-0129

Statutes Amended In Order of Appearance
15 ILCS 505/16.8
30 ILCS 105/5.935 new
35 ILCS 5/917from Ch. 120, par. 9-917

Synopsis As Introduced
Amends the State Treasurer Act. Establishes the Illinois Higher Education Savings Program as a part of the College Savings Pool (currently, not a part of the College Savings Pool), subject to appropriation by the General Assembly. Requires the Department of Public Health and the Department of Revenue to provide the State Treasurer with specified information concerning eligible children under the Program. Modifies provisions concerning seed funds, unclaimed seed funds, and incentives and partnerships. Establishes the Illinois Higher Education Savings Program Fund as a special fund in the State treasury (currently, held outside of the State treasury). Amends the Illinois Income Tax Act. Provides that the Director of Revenue may exchange information with the State Treasurer's Office for the purpose of administering the Illinois Higher Education Savings Program. Amends the State Finance Act to provide for the Illinois Higher Education Savings Program Fund. Modifies defined terms. Makes conforming and other changes. Effective immediately.

Actions 
DateChamber Action
  2/3/2021HouseFiled with the Clerk by Rep. Robyn Gabel
  2/8/2021HouseFirst Reading
  2/8/2021HouseReferred to Rules Committee
  2/24/2021HouseAdded Co-Sponsor Rep. Deb Conroy
  3/2/2021HouseAssigned to Higher Education Committee
  3/8/2021HouseAdded Chief Co-Sponsor Rep. Katie Stuart
  3/11/2021HouseAdded Co-Sponsor Rep. Sue Scherer
  3/11/2021HouseAdded Co-Sponsor Rep. Anna Moeller
  3/11/2021HouseDo Pass / Short Debate Higher Education Committee; 006-004-000
  3/18/2021HousePlaced on Calendar 2nd Reading - Short Debate
  3/23/2021HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  4/14/2021HouseSecond Reading - Short Debate
  4/14/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/15/2021HouseThird Reading - Short Debate - Passed 068-045-000
  4/15/2021HouseAdded Chief Co-Sponsor Rep. Camille Y. Lilly
  4/19/2021SenateArrive in Senate
  4/19/2021SenatePlaced on Calendar Order of First Reading
  4/19/2021SenateChief Senate Sponsor Sen. Scott M. Bennett
  4/19/2021SenateFirst Reading
  4/19/2021SenateReferred to Assignments
  4/28/2021SenateAssigned to Higher Education
  5/5/2021SenateDo Pass Higher Education; 013-000-000
  5/5/2021SenatePlaced on Calendar Order of 2nd Reading May 6, 2021
  5/5/2021SenateAdded as Alternate Co-Sponsor Sen. Celina Villanueva
  5/6/2021SenateSecond Reading
  5/6/2021SenatePlaced on Calendar Order of 3rd Reading May 10, 2021
  5/27/2021SenateThird Reading - Passed; 056-000-000
  5/27/2021HousePassed Both Houses
  6/4/2021SenateAdded as Alternate Co-Sponsor Sen. Cristina H. Pacione-Zayas
  6/23/2021HouseSent to the Governor
  7/23/2021HouseGovernor Approved
  7/23/2021HouseEffective Date July 23, 2021
  7/23/2021HousePublic Act . . . . . . . . . 102-0129

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