Illinois General Assembly - Bill Status for SB2152
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 Bill Status of SB2152  94th General Assembly


Senate Sponsors
Sen. Martin A. Sandoval

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the School-As-Lender Contracts Prohibition Act. Prohibits a public university in Illinois that offers graduate courses from entering into a school-as-lender contract with a private lending institution, but allows the university to maintain its Direct Loan Programs. Provides that any university that violates the Act shall forfeit $8.91 of State funding for every $100 loaned to the university through a school-as-lender contract.

DateChamber Action
  11/2/2005SenateFiled with Secretary by Sen. Martin A. Sandoval
  11/2/2005SenateFirst Reading
  11/2/2005SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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