HB 5767

  • Illinois House Bill
  • 94th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Sale Of Isac Loans Prohibited

Abstract

Amends the Governor's Office of Management and Budget Act and the Higher Education Student Assistance Act. Provides that the Illinois Student Assistance Commission may not sell its loans or the attendant loan origination and servicing rights nor may any other State agency, including the Governor's Office of Management and Budget, or a State official sell the loans or the attendant loan origination and servicing rights. Provides that all student loans of the Commission and the attendant loan origination and servicing rights are inalienable and must remain as assets of the Commission. Effective immediately.

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Jan 09, 2007

House

Session Sine Die

Feb 24, 2006

House

Filed with the Clerk by Rep. Richard P. Myers

House

Chief Co-Sponsor Rep. Chapin Rose

House

First Reading

House

Referred to Rules Committee

Bill Text

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