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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB2931
Introduced 1/20/2006, by Sen. Don Harmon SYNOPSIS AS INTRODUCED:
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Amends the Department of Commerce and Economic Opportunity Law of the
Civil Administrative Code of Illinois. Authorizes the Department of Commerce and Economic Opportunity to establish and maintain a pilot program to provide for and test the use of lifelong learning accounts for workers in the State's healthcare sector. Sets forth requirements for the program, including matching grants for employer and employee contributions into an employee's lifelong learning account. Provides that the program is discretionary on the part of the Department and is subject to appropriation. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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SB2931 |
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LRB094 17140 BDD 54434 b |
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| AN ACT concerning State government.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Department of Commerce and Economic |
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| Opportunity Law of the
Civil Administrative Code of Illinois is |
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| amended by adding Section 605-430 as follows:
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| (20 ILCS 605/605-430 new) |
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| Sec. 605-430. Lifelong learning accounts; pilot program. |
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| (a) The Department may establish and maintain a pilot |
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| program to provide for and test the use of lifelong learning |
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| accounts for workers in the State's healthcare sector. For the |
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| purposes of this Section, "lifelong learning account" means an |
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| individual asset account held by a trustee, custodian, or |
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| fiduciary approved by the Department on behalf of a healthcare |
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| employee, the moneys in which may be used only to pay education |
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| expenses incurred by or on behalf of the account owner. |
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| (b) The Department, if administering a program under this |
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| Section: |
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| (1) may serve up to 500 healthcare workers; |
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| (2) must encourage the participation, in the program, |
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| of lower income and lower-skilled healthcare workers; |
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| (3) must implement the program in diverse geographic |
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| and economic areas and include healthcare workers in urban, |
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| suburban, and rural areas of the State; |
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| (4) must include, in the program, healthcare employers |
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| of different sizes; |
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| (5) must provide matching grants in an amount, not to |
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| exceed to $500 annually for each grant, equal to 50% of the |
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| annual aggregate contribution made by an employer and |
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| employee to the employee's lifelong learning account; |
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| (6) must make technical assistance available to |
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| companies and educational and career advising available to |