093_SB0529sam001











                                     LRB093 09881 SJM 13962 a

 1                    AMENDMENT TO SENATE BILL 529

 2        AMENDMENT NO.     .  Amend Senate Bill 529, by  replacing
 3    lines 29 through 34 on page 6 and lines 1 through 8 on page 7
 4    with the following:
 5        "No  contributions to the College Savings Pool authorized
 6    by  this  Section  shall  be  considered  in  evaluating  the
 7    financial situation  of  the  designated  beneficiary  or  be
 8    deemed  a financial resource of or a form of financial aid or
 9    assistance to the designated  beneficiary,  for  purposes  of
10    determining   eligibility  for  any  scholarship,  grant,  or
11    monetary  assistance  awarded   by   the   Illinois   Student
12    Assistance  Commission, the State, or any agency thereof; nor
13    shall contributions to the College Savings  Pool  reduce  the
14    amount of any scholarship, grant, or monetary assistance that
15    the  designated  beneficiary is eligible to be awarded by the
16    Illinois Student Assistance Commission,  the  State,  or  any
17    agency thereof in accordance with the provisions of any State
18    law.".