92nd General Assembly
Summary of HB2111
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House Sponsors:

Senate Sponsors:

Short description: 
TRANSFER TO STU LOAN OPER FUND                                             

Synopsis of Bill as introduced:
        Amends the Higher Education  Student  Assistance  Act.   Provides      
   that  at the request of the Executive Director of the Illinois Student      
   Assistance Commission, the Comptroller shall transfer funds  from  the      
   Federal  Student  Loan  Fund  into  the  Student  Loan Operating Fund.      
   Effective immediately.                                                      
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          110 ILCS 947/77 new                                                  
          30 ILCS 105/5.545 new                                                
        Amends the Higher Education Student Assistance Act and the  State      
   Finance  Act.   Provides that all gifts, grants, or donations of money      
   received  by  the  Illinois  Student  Assistance  Commission  must  be      
   deposited into the Illinois Student  Assistance  Commission  Contracts      
   and Grants Fund, a special fund created in the State treasury.  Allows      
   moneys  in  the  Fund  to  be  used  by  the  Commission,  subject  to      
   appropriation,  for  support  of  the  Commission's student assistance      
   outreach activities.  These provisions effective July 1, 2001.              
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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