Date	Chamber	Action
2/20/2008	House	Tabled By Sponsor Rep. Jack D. Franks

Statutes Amended In Order of Appearance

110 ILCS 920/8

from Ch. 144, par. 2408

Synopsis As Introduced
Amends the Baccalaureate Savings Act. In a Section concerning the administration of a grant program, provides that no limit may be placed on the number of bonds that may be purchased under the program on an annual basis. Provides that while all grants awarded under the program are subject to annual appropriation of funds by the General Assembly, there shall be no expiration date placed on the grants and any person who is denied disbursement of a grant due to a lack of funding shall remain eligible for disbursement of that grant until such time as funding becomes available, provided that he or she properly applies for disbursement of the grant on an annual basis.

Fiscal Note (Illinois Board of Higher Education)

The Bonus Incentive Grant Program would remain subject to appropriation under HB 4156. If program appropriations stayed level at $325,000 per year and claim rates remained steady, some eligible applicants would not receive bonus grants under the current BIG program rules because of the "two-year window" restriction. However, assuming the same conditions but removing the two-year window restriction (as proposed in HB 4156) would add approximately $2.9 million to the demand for the program, a cost that would be spread over several years. If funding remains level at $325,000 per year, then the last eligible applicants are likely to receive grants in FY 2028.

Actions 

Date	Chamber	Action
10/23/2007	House	Filed with the Clerk by Rep. Jack D. Franks
10/24/2007	House	First Reading
10/24/2007	House	Referred to Rules Committee
2/6/2008	House	Assigned to Higher Education Committee
2/20/2008	House	Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b) Rep. Jack D. Franks
2/20/2008	House	Motion Prevailed
2/20/2008	House	Tabled By Sponsor Rep. Jack D. Franks
2/27/2008	House	Added Co-Sponsor Rep. Constance A. Howard
3/26/2008	House	Fiscal Note Filed
4/10/2008	House	Added Co-Sponsor Rep. Charles E. Jefferson

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