Bill Status of SB2152 94th General Assembly
Short Description: SCHOOL-AS-LENDER CONTRACTS
Sen. Martin A. Sandoval
| 1/9/2007||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
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.
|Date||Chamber|| Action|| 11/2/2005||Senate||Filed with Secretary by Sen. Martin A. Sandoval|| 11/2/2005||Senate||First Reading|| 11/2/2005||Senate||Referred to Rules|| 1/9/2007||Senate||Session Sine Die|