PUGH-MCKEON. 305 ILCS 5/12-4.103 new Amends the Illinois Public Aid Code. Provides that the Department of Human Services shall administer a program that allows eligible low-income individuals to maintain Individual Development Accounts with money from employment earnings to enable the individual to accumulate funds for postsecondary education, to purchase a first home, or to finance business capitalization expenses. Provides that the funds in the account shall be matched by a not-for-profit organization or by a State or local governmental agency acting in cooperation with a not-for-profit organization. Provides that the Department may match a set percentage of contributions made by the eligible individuals who have established Individual Development Accounts and make grants to not-for-profit organizations to administer the accounts. Provides that funds in an Individual Development Account shall be disregarded for the purpose of determining the eligibility and benefit levels under this Code. Effective immediately. HOUSE AMENDMENT NO. 1. Deletes everything. Amends the Public Aid Code. Reinserts language similar to the language as introduced but provides that the program shall be subject to appropriation or the availability of other funds. Designates allowable uses for State and federal funds under the program. Provides that to be eligible for State matching funds a program must secure at least a dollar for dollar match from other sources for contributions made by participating individuals. Provides that nothing in these provisions shall prohibit a not-for-profit organization which does not receive State matching funds from administering an approved Individual Development Account. Effective immediately. HOUSE AMENDMENT NO. 2. Removes the provision that the Individual Development Account program shall be established without appropriation if other resources are available. FISCAL NOTE, AMENDED (Dpt. Human Services) Fiscal impact is subject to appropriations. STATE MANDATES FISCAL NOTE HB 3387 fails to create a State mandate. STATE MANDDATES FISCAL NOTE, H-AMS 1 & 2 No change from previous note. 98-02-17 H FILED WITH CLERK 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-02-25 H ASSIGNED TO COMMITTEE HUMAN SERVS 98-03-19 H AMENDMENT NO. 01-HUMAN SERVS H 98-03-19 H ADOPTED 98-03-19 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HHSV 98-03-19 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-03-19 H ADDED AS A JOINT SPONSOR MCKEON 98-03-20 H FISCAL NOTE REQUESTED AS AMENDED BLACK 98-03-20 H STATE MNDT FISCAL NOTE RQSTD AS AMENDED BLACK 98-03-20 H CALENDAR ORDER 2ND READING-SHORT DEBATE 98-03-24 H SECOND READING-SHORT DEBATE 98-03-24 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 98-03-25 H AMENDMENT NO. 02-PUGH 98-03-25 H AMENDMENT REFERRED TO HRUL 98-03-25 H BE APPROVED FOR CONSIDERATION 003-002-000/HRUL 98-03-25 H AMENDMENT NO. 02-PUGH 98-03-25 H ADOPTED 98-03-25 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 98-03-26 H FISCAL NOTE FILED AS AMENDED 98-03-26 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 98-03-27 H STATE MANDATES FISCAL NOTE FILED 98-03-27 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 98-03-31 H STATE MNDT FISCAL NOTE FILED AS AMENDED 98-03-31 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 98-04-01 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-04-02 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary