Bill Text: IL HB0629 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Higher Education Student Assistance Act. Makes a technical change in a Section concerning defaulting on a loan.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB0629 Detail]

Download: Illinois-2011-HB0629-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB0629 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
110 ILCS 947/91
Amends the Higher Education Student Assistance Act. Makes a technical change in a Section concerning defaulting on a loan.
LRB097 03452 NHT 43489 b
A BILL FOR
HB0629 LRB097 03452 NHT 43489 b
AN ACT concerning education.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Higher Education Student Assistance Act is
amended by changing Section 91 as follows:
(110 ILCS 947/91)
Sec. 91. Notice to Secretary of State. The The Commission
shall establish by rule mutually agreed procedures to furnish
the Secretary of State annually or at other mutually agreed
periodic intervals with the names and social security numbers
of natural persons who the Commission determines are registered
with the Secretary of State as dealers, salespersons or
investment advisers under the Illinois Securities Law of 1953
and have defaulted on an educational loan guaranteed by the
Commission.
(Source: P.A. 88-494.)