Date	Chamber	Action
1/9/2007	Senate	Session 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 

Date	Chamber	Action
11/2/2005	Senate	Filed with Secretary by Sen. Martin A. Sandoval
11/2/2005	Senate	First Reading
11/2/2005	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

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