102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB1014

 

Introduced 2/17/2021, by Rep. Emanuel Chris Welch

 

SYNOPSIS AS INTRODUCED:
 
815 ILCS 155/1  from Ch. 17, par. 6301

    Amends the Student Loans to Minors Act. Makes a technical change in a Section concerning student loans.


LRB102 03027 KTG 13040 b

 

 

A BILL FOR

 

HB1014LRB102 03027 KTG 13040 b

1    AN ACT concerning business.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Student Loans to Minors Act is amended by
5changing Section 1 as follows:
 
6    (815 ILCS 155/1)  (from Ch. 17, par. 6301)
7    Sec. 1. Any student who has been accepted for admission to
8an institution in the the State of Illinois approved by the
9State Superintendent of Public Instruction as an institution
10of higher education on either the undergraduate or graduate
11level shall be permitted to execute a legally binding
12promissory note for a loan necessary to attend or to continue
13in attendance at an institution of higher education, subject
14to approval by the institution of higher education attended.
15(Source: Laws 1959, p. 2056.)