Bill Status of HB2558 103rd General Assembly
Short Description: IDOT-BONUS FOR STUDENT LOANS
Rep. Martin J. Moylan
|Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Requires the Department of Transportation to provide higher education student loan repayment assistance in the form of an annual after-tax bonus of $15,000 per year to any engineer, and $7,500 to any engineering technician, for not more than 5 years, who are employed by the Department if: (i) the engineer or engineering technician is a graduate of a community college, college or university located in the State; (ii) the engineer or engineering technician provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in the State; and (iii) the engineer or engineering technician remains in the employ of the Department for at least 5 years. Provides that if the engineer or engineering technician leaves the employ of the Department prior to serving 5 years, the engineer or engineering technician must return all bonuses made to the engineer or engineering technician by the Department. Effective immediately.