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Rep. Kevin A. McCarthy
Filed: 5/1/2006
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09400HB1945ham001 |
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LRB094 02989 NHT 58723 a |
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| AMENDMENT TO HOUSE BILL 1945
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| AMENDMENT NO. ______. Amend House Bill 1945 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Higher Education Student Assistance Act is |
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| amended by adding Section 39 as follows:
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| (110 ILCS 947/39 new) |
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| Sec. 39. Monetary Award Program Plus. |
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| (a) The Commission shall receive and consider applications |
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| for monetary grant assistance under this Section to benefit |
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| those students who are not eligible for Monetary Award Program |
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| grants awarded in accordance with Section 35 of this Act, but |
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| who will benefit from assistance in paying for the costs of |
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| attendance at institutions of higher learning. Subject to a |
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| separate appropriation for this purpose and sufficient revenue |
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| from loan asset proceeds, an applicant is eligible for a |
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| Monetary Award Program Plus grant under this Section if the |
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| Commission finds that the applicant meets all of the following |
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| qualifications: |
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| (1) He or she is a resident of this State and a citizen |
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| or permanent resident of the United States. |
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| (2) He or she is enrolled at least half-time as a |
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| sophomore, junior, or senior at a MAP-eligible |
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| institution, as defined under the Monetary Award Program. |
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| (3) He or she is not eligible for a Monetary Award |
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09400HB1945ham001 |
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LRB094 02989 NHT 58723 a |
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| Program grant under Section 35 of this Act. |
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| (4) He or she is from a family that had an adjusted |
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| gross income, listed on the Free Application for Federal |
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| Student Aid, of less than $200,000 for 2005 taxes payable |
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| in calendar year 2006. |
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| (b) All grants under this Section are applicable only to |
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| tuition and necessary fee costs. The Commission shall determine |
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| the grant amount for each student, which amount must not exceed |
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| $500 per year or $250 per semester and must not exceed tuition |
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| and necessary fees net of State and federal financial aid. |
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| (c) Grants under this Section may be awarded only for the |
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| Fall 2006 and Spring 2007 semesters. |
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| (d) The Commission shall pay Monetary Award Program Plus |
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| grant awards to eligible students by application date, on a |
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| first-come, first-served basis. |
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| (e) The Commission, in determining the number of Monetary |
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| Award Program Plus grants to be awarded, shall utilize whatever |
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| appropriate data is available and shall notify applicants that |
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| grant assistance is contingent upon the availability of |
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| appropriated funds. |
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| (f) The Commission shall determine if sufficient funds are |
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| available from the sale of student loan assets or transaction |
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| processing to continue Monetary Award Program Plus beyond the |
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| Spring 2007 semester and shall prepare a report for the |
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| Governor and General Assembly indicating whether funding is |
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| available and how it can be used to support the program.
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| Section 99. Effective date. This Act takes effect July 1, |
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| 2006.".
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