Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

110 ILCS 947/35

Synopsis As Introduced
Amends the Higher Education Student Assistance Act. Makes a technical change in a Section concerning the Monetary Award Program.

Senate Floor Amendment No. 1

	Deletes reference to:
	110 ILCS 947/35

	Adds reference to:
	30 ILCS 105/5.675 new

110 ILCS 947/65.85 new

Deletes everything after the enacting clause. Amends the Higher Education Student Assistance Act and the State Finance Act. Requires the Illinois Student Assistance Commission, subject to appropriation, to implement and administer a higher education revolving loan program to provide loans to eligible students for the costs of attending an institution of higher learning in this State. Provides that the loans must be offered at a low interest rate to be determined by the Commission. Provides that an individual may not receive loans in excess of $5,000 or the student's tuition and mandatory fees, whichever is less, per academic year. Provides that loan funds must be paid directly to the institution of higher learning. Provides that the repayment period for a loan may not exceed 15 years. Contains other provisions concerning repayment. Creates the Higher Education Revolving Loan Fund as a special fund in the State treasury. Provides that all repayments of loans under the amendatory provisions shall be deposited into the Fund. Provides that all money in the Fund shall be used, subject to appropriation, by the Commission for making loans under the amendatory provisions. Effective July 1, 2007.

Actions 

Date	Chamber	Action
2/8/2007	Senate	Filed with Secretary by Sen. Edward D. Maloney
2/8/2007	Senate	Chief Co-Sponsor Sen. Emil Jones, Jr.
2/8/2007	Senate	First Reading
2/8/2007	Senate	Referred to Rules
3/7/2007	Senate	Assigned to Executive
3/15/2007	Senate	Do Pass Executive; 007-005-000
3/15/2007	Senate	Placed on Calendar Order of 2nd Reading March 20, 2007
3/22/2007	Senate	Second Reading
3/22/2007	Senate	Placed on Calendar Order of 3rd Reading March 27, 2007
3/30/2007	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2007
5/17/2007	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval
5/17/2007	Senate	Senate Floor Amendment No. 1 Referred to Rules
5/17/2007	Senate	Senate Floor Amendment No. 1 Rules Refers to Higher Education
5/18/2007	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Higher Education; 009-000-000
5/18/2007	Senate	Chief Sponsor Changed to Sen. Martin A. Sandoval
5/18/2007	Senate	Recalled to Second Reading
5/18/2007	Senate	Senate Floor Amendment No. 1 Adopted; Sandoval
5/18/2007	Senate	Placed on Calendar Order of 3rd Reading
5/18/2007	Senate	Third Reading - Passed; 053-000-000
5/21/2007	House	Arrived in House
5/21/2007	House	Placed on Calendar Order of First Reading
5/21/2007	House	Chief House Sponsor Rep. Daniel J. Burke
5/21/2007	House	First Reading
5/21/2007	House	Referred to Rules Committee
5/23/2007	House	Assigned to Higher Education Committee
5/25/2007	House	Final Action Deadline Extended-9(b) May 31, 2007
5/31/2007	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2009	Senate	Session Sine Die

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