Bill Status of HB 1311   99th General Assembly

Short Description:  HIGHER ED-PAY IT FORWARD

House Sponsors
Rep. Jack D. Franks

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.866 new

Synopsis As Introduced
Creates the Pay It Forward, Pay It Back Act and amends the State Finance Act. Establishes, for 5 academic years, a program to provide loans to 400 eligible students per academic year to attend a public community college or university, to be repaid, in part, according to the income of the student borrowers. Provides that the Department of Revenue shall implement and administer the program. Creates the Pay It Forward, Pay It Back Program Fund as a special fund in the State treasury, with moneys used for the sole purpose of awarding program loans under the Act. Sets forth provisions governing the application process and loan repayment. Requires the Department to submit progress reports to the General Assembly. Effective immediately.

Actions 
DateChamber Action
  2/2/2015HouseFiled with the Clerk by Rep. Jack D. Franks
  2/3/2015HouseFirst Reading
  2/3/2015HouseReferred to Rules Committee
  2/17/2015HouseAssigned to Revenue & Finance Committee
  3/23/2015HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jack D. Franks
  3/23/2015HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/24/2015HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  3/27/2015HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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