Bill Status of HB 4116   94th General Assembly

Short Description:  SCHOOL-AS-LENDER CONTRACTS

House Sponsors
Rep. Jack D. Franks-Michael K. Smith-Jim Sacia-Aaron Schock, Suzanne Bassi, Jerry L. Mitchell, Linda Chapa LaVia, Patrick J Verschoore, Annazette Collins, Gary Hannig, Charles E. Jefferson and Michelle Chavez

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the School-As-Lender Contracts Prohibition Act. Prohibits a public university in Illinois that offers graduate courses from entering into a school-as-lender contract with a private lending institution, but allows the university to maintain its Direct Loan Programs. Provides that any university that violates the Act shall forfeit $8.91 of State funding for every $100 loaned to the university through a school-as-lender contract.

Actions 
DateChamber Action
  9/26/2005HouseFiled with the Clerk by Rep. Jack D. Franks
  9/30/2005HouseAdded Chief Co-Sponsor Rep. Michael K. Smith
  10/4/2005HouseAdded Chief Co-Sponsor Rep. Jim Sacia
  10/11/2005HouseAdded Chief Co-Sponsor Rep. Aaron Schock
  10/11/2005HouseAdded Chief Co-Sponsor Rep. Robert W. Pritchard
  10/13/2005HouseAdded Co-Sponsor Rep. Suzanne Bassi
  10/19/2005HouseFirst Reading
  10/19/2005HouseReferred to Rules Committee
  10/25/2005HouseAdded Co-Sponsor Rep. Jerry L. Mitchell
  10/26/2005HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  10/26/2005HouseAdded Co-Sponsor Rep. Kathleen A. Ryg
  10/26/2005HouseAdded Co-Sponsor Rep. Patrick J Verschoore
  10/26/2005HouseAdded Co-Sponsor Rep. Annazette Collins
  10/26/2005HouseAdded Co-Sponsor Rep. Gary Hannig
  10/26/2005HouseAdded Co-Sponsor Rep. Charles E. Jefferson
  10/26/2005HouseAdded Co-Sponsor Rep. Michelle Chavez
  10/27/2005HouseRemoved Co-Sponsor Rep. Kathleen A. Ryg
  11/4/2005HouseRemove Chief Co-Sponsor Rep. Robert W. Pritchard
  1/9/2007HouseSession Sine Die

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