Illinois General Assembly - Bill Status for SB2183

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Bill Status of SB2183 94th General Assembly

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Short Description: HIGHER ED REVOLVING LOAN PROG

Senate Sponsors
Sen. Martin A. Sandoval

Last Action

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 105/5.663 new

110 ILCS 947/65.75 new

Synopsis As Introduced
Amends the Higher Education Student Assistance Act and the State Finance Act. Requires the Illinois Student Assistance Commission to implement and administer a higher education revolving loan program to provide nominal interest loans for the costs of attending a public or private institution of higher education in this State. Provides that the loans must be made to high performance students and may not exceed $10,000 per person per academic year. Contains provisions concerning repayment. Creates the Higher Education Revolving Loan Fund as a special fund in the State treasury. Effective July 1, 2006.

Actions

Date	Chamber	Action
1/11/2006	Senate	Filed with Secretary by Sen. Martin A. Sandoval
1/11/2006	Senate	First Reading
1/11/2006	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

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