Synopsis As Introduced Amends the Higher Education Student Assistance Act. Subject to appropriation, requires the Illinois Student Assistance Commission to establish and administer a teacher reimbursement grant program for the purpose of reimbursing public school teachers for up to 8 semesters or 12 quarters of the tuition and mandatory fees paid to a public institution of higher learning in this State to obtain a Professional Educator License and teach in this State. Provides that eligible applicants shall receive a grant in the form of annual reimbursement payments over a period of up to 10 consecutive years. Sets forth provisions concerning eligibility, the grant amount, disbursement and use of a grant, application for a grant, and rulemaking. Repeals the provisions on July 1, 2040. Effective immediately.
House Floor Amendment No. 1 Adds provisions allowing persons who are enrolled or are planning to enroll in a State-approved educator preparation program at a public institution of higher learning in this State to be eligible to receive a grant. Provides that employment in a full-time teaching position may be in any grade or subject. Requires a public institution of higher learning to provide billing information to the recipient of a grant, and requires the recipient to give the provided billing information to the Commission. Provides that the Commission shall organize and update a database every year of grant recipients and payments made.
HB 4139, as amended by HA 1, will not impact any public pension fund or retirement system in the State of Illinois.
State Debt Impact Note, House Floor Amendment No. 1 (Government Forecasting & Accountability)
HB 4139, as amended by House Amendment 1, would not change the amount of authorization for any type of State-issued bond, and, therefore, would not affect the level of State indebtedness.
Balanced Budget Note, House Floor Amendment No. 1 (Office of Management and Budget)
Please be advised that the Balanced Budget Note Act does not apply to House Bill 4139, (H-AM 1) as it is not a supplemental appropriation that increases or decreases appropriations. Under the Act, a balanced budget note must be prepared only for bills that change a general funds appropriation for the fiscal year in which the new bill is enacted.
It is estimated that if the program were to serve everyone who is eligible, HB4139 would require about $1.4 billion over 18 years to rebate the tuition and fees paid of an estimated 65,160 Illinois teachers, including an estimated 53,460 current teachers. Potential costs would be an estimated $88.3 million in FY23 and $93.5 million in FY24, growing each year until annual costs peaked in years 9 and 10 at about $140.2 million each year and declining thereafter.
State Mandates Fiscal Note, House Floor Amendment No. 1 (Dept. of Commerce & Economic Opportunity)