Bill Status of HB 5767   94th General Assembly


Short Description:  SALE OF ISAC LOANS PROHIBITED

House Sponsors
Rep. Richard P. Myers-Chapin Rose

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3005/3.5 new
110 ILCS 947/140

Synopsis As Introduced
Amends the Governor's Office of Management and Budget Act and the Higher Education Student Assistance Act. Provides that the Illinois Student Assistance Commission may not sell its loans or the attendant loan origination and servicing rights nor may any other State agency, including the Governor's Office of Management and Budget, or a State official sell the loans or the attendant loan origination and servicing rights. Provides that all student loans of the Commission and the attendant loan origination and servicing rights are inalienable and must remain as assets of the Commission. Effective immediately.

Actions 
DateChamber Action
  2/24/2006HouseFiled with the Clerk by Rep. Richard P. Myers
  2/24/2006HouseChief Co-Sponsor Rep. Chapin Rose
  2/24/2006HouseFirst Reading
  2/24/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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