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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3498 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED:
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| 110 ILCS 805/2-26 new | | 205 ILCS 5/48.7 new | | 205 ILCS 305/54.5 new | |
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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.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB3498 | | LRB100 10248 SMS 20431 b |
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| 1 | | AN ACT concerning education.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Public Community College Act is amended by |
| 5 | | adding Section 2-26 as follows:
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| 6 | | (110 ILCS 805/2-26 new) |
| 7 | | Sec. 2-26. Free community college tuition. |
| 8 | | (a) The State Board shall establish and implement a program |
| 9 | | that provides tuition to the first 1,500 students per year that |
| 10 | | enroll at each designated community college, which will be paid |
| 11 | | from the Community College Free Tuition Trust Fund. |
| 12 | | (b) Sixteen community colleges shall be designated for the |
| 13 | | program for a 2-year period on a rotating schedule determined |
| 14 | | by the State Board. |
| 15 | | (c) The State Board shall determine the amount to be |
| 16 | | collected from every bank under the Illinois Banking Act and |
| 17 | | credit union under the Illinois Credit Union Act that shall be |
| 18 | | deposited into the Community College Free Tuition Trust Fund, |
| 19 | | which is hereby created as a nonappropriated trust fund to be |
| 20 | | held outside the State Treasury.
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| 21 | | Section 10. The Illinois Banking Act is amended by adding |
| 22 | | Section 48.7 as follows:
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