95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB5068


 
Introduced , by Rep. David E. Miller
 
SYNOPSIS AS INTRODUCED:
 		













110 ILCS 947/39










    Amends the Higher Education Student Assistance Act. Makes a technical change in a Section concerning Monetary Award Program Plus grants.
















LRB095 18483 NHT 44569 b

















 


 


A BILL FOR









 











HB5068

LRB095 18483 NHT 44569 b






1
    AN ACT concerning education.

 
2
    Be it enacted by the People of the State of Illinois,
 
3
represented in the General Assembly:


 
4
    Section 5. The Higher Education Student Assistance Act is 
5
amended  by changing Section 39 as follows:
 
6
    (110 ILCS 947/39)
7
    Sec. 39. Monetary Award Program Plus.
8
    (a) The The Commission shall receive and consider 
9
applications for monetary grant assistance under this Section 
10
to benefit those students who will not receive Monetary Award 
11
Program grants awarded in accordance with Section 35 of this 
12
Act, but who will benefit from assistance in paying for the 
13
costs of attendance at institutions of higher learning. Subject 
14
to a separate appropriation for this purpose and sufficient 
15
revenue from the sale of student loan assets, transaction 
16
processing, or refinancing, an applicant is eligible for a 
17
Monetary Award Program Plus grant under this Section if the 
18
Commission finds that the applicant meets all of the following 
19
qualifications:
20
        (1) He or she is a resident of this State and a citizen 
21
    or permanent resident of the United States.
22
        (2) He or she is enrolled at least half-time as a 
23
    sophomore, junior, or senior at a MAP-eligible 
 


 






HB5068
- 2 -
LRB095 18483 NHT 44569 b




1
    institution, as defined under the Monetary Award Program.
2
        (3) He or she will not receive in the same academic 
3
    year a Monetary Award Program grant under Section 35 of 
4
    this Act.
5
        (4) He or she is from a family that had an adjusted 
6
    gross income, listed on the Free Application for Federal 
7
    Student Aid, of less than $200,000 for the 2005 taxable 
8
    year.
9
    (b)  All grants under this Section are applicable only to 
10
tuition and mandatory fee costs.  The Commission shall determine 
11
the grant amount for each student, which amount must not exceed 
12
$500 per year or $250 per semester and must not exceed tuition 
13
and mandatory fees net of State and federal financial aid.
14
    (c)    Grants under this Section may be awarded only for the 
15
Fall 2006 and Spring 2007 semesters.
16
    (d) The Commission shall pay Monetary Award Program Plus 
17
grant awards to eligible students by application date, on a 
18
first-come, first-served basis.
19
    (e) The Commission, in determining the number of Monetary 
20
Award Program Plus grants to be awarded, shall utilize whatever 
21
appropriate data is available and shall notify applicants that 
22
grant assistance is contingent upon the availability of 
23
appropriated funds.
24
    (f)  The Commission shall determine if sufficient funds are 
25
available from the sale of student loan assets, transaction 
26
processing, or refinancing to continue Monetary Award Program 
 


 






HB5068
- 3 -
LRB095 18483 NHT 44569 b




1
Plus beyond the Spring 2007 semester and shall prepare a report 
2
for the Governor and General Assembly indicating whether 
3
funding is available and how it can be used to support the 
4
program.


5
(Source: P.A. 94-1056, eff. 7-31-06.)