Illinois Senate Bill 1393 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the State Treasurer Act. Provides that the State Treasurer shall establish the Illinois Higher Education Savings Program for the purpose of expanding access to higher education through savings. Provides for enrollment in the Program. Provides further duties and requirements of the Treasurer regarding the Program. Creates the Illinois Higher Education Savings Program Fund as a fund held outside of the State treasury to be the official repository of all contributions, appropriations, interest, and dividend payments, gifts, or other financial assets received by the State Treasurer in connection with operation of the Program or related partnerships. Provides for audits and reports concerning the Program. Allows the Treasurer to adopt any rules that may be necessary to implement the Program. Amends the Freedom of Information Act to provide an exemption for information that is exempt from disclosure under the Illinois Higher Education Savings Program.

HIGHER ED SAVINGS PROGRAM

Sen. Pat McGuire [D]

Sen. Jacqueline Collins [D]

Sen. Omar Aquino [D]

Sen. Scott Bennett [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2019-03-22	Senate	Rule 3-9(a) / Re-referred to Assignments
2019-03-19	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2019-02-26	Senate	Added as Co-Sponsor Sen. Scott M. Bennett
2019-02-20	Senate	Added as Co-Sponsor Sen. Omar Aquino
2019-02-20	Senate	Assigned to Appropriations II
2019-02-13	Senate	Referred to Assignments
2019-02-13	Senate	First Reading
2019-02-13	Senate	Filed with Secretary by Sen. Pat McGuire

Chapter	Article	Section	Citation Type	Statute Text
15	505	16.8	New Code	See Bill Text
5	140	7.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1393&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB1393.htm