Bill Text: IL HB3498 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Public Community College Act. Provides that the Illinois Community College Board shall establish and implement a program that provides tuition to the first 1,500 students per year that enroll at each designated community college, which will be paid from the Community College Free Tuition Trust Fund. Provides that 16 community colleges shall be designated for the program for a 2-year period on a rotating schedule determined by the Illinois Community College Board. Creates the Community College Free Tuition Trust Fund as a nonappropriated trust fund to be held outside the State Treasury. Amends the Illinois Banking Act. Requires every bank under the Act to pay into the Trust Fund. Amends the Illinois Credit Union Act. Requires every credit union to pay into the Trust Fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB3498 Detail]

Download: Illinois-2017-HB3498-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB3498 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED:
110 ILCS 805/2-26 new
205 ILCS 5/48.7 new
205 ILCS 305/54.5 new
Amends the Public Community College Act. Provides that the Illinois Community College Board shall establish and implement a program that provides tuition to the first 1,500 students per year that enroll at each designated community college, which will be paid from the Community College Free Tuition Trust Fund. Provides that 16 community colleges shall be designated for the program for a 2-year period on a rotating schedule determined by the Illinois Community College Board. Creates the Community College Free Tuition Trust Fund as a nonappropriated trust fund to be held outside the State Treasury. Amends the Illinois Banking Act. Requires every bank under the Act to pay into the Trust Fund. Amends the Illinois Credit Union Act. Requires every credit union to pay into the Trust Fund.
LRB100 10248 SMS 20431 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB3498 LRB100 10248 SMS 20431 b
AN ACT concerning education.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Public Community College Act is amended by
adding Section 2-26 as follows:
(110 ILCS 805/2-26 new)
Sec. 2-26. Free community college tuition.
(a) The State Board shall establish and implement a program
that provides tuition to the first 1,500 students per year that
enroll at each designated community college, which will be paid
from the Community College Free Tuition Trust Fund.
(b) Sixteen community colleges shall be designated for the
program for a 2-year period on a rotating schedule determined
by the State Board.
(c) The State Board shall determine the amount to be
collected from every bank under the Illinois Banking Act and
credit union under the Illinois Credit Union Act that shall be
deposited into the Community College Free Tuition Trust Fund,
which is hereby created as a nonappropriated trust fund to be
held outside the State Treasury.
Section 10. The Illinois Banking Act is amended by adding
Section 48.7 as follows:

HB3498 - 2 - LRB100 10248 SMS 20431 b
(205 ILCS 5/48.7 new)
Sec. 48.7. Payments to the Community College Free Tuition
Trust Fund. Every bank subject to the provisions of this Act
shall pay into the Community College Free Tuition Trust Fund as
provided in Section 2-26 of the Public Community College Act.
Section 15. The Illinois Credit Union Act is amended by
adding Section 54.5 as follows:
(205 ILCS 305/54.5 new)
Sec. 54.5. Payments to the Community College Free Tuition
Trust Fund. Every credit union subject to the provisions of
this Act shall pay into the Community College Free Tuition
Trust Fund as provided in Section 2-26 of the Public Community
College Act.