HB 5323

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House Mar 05, 2014
  • Passed House Mar 05, 2014
  • Passed Senate May 23, 2014
  • Became Law Aug 15, 2014

Higher Ed-Pay It Forward

Abstract

Creates the Pay It Forward, Pay It Back Act. Establishes a program to provide loans to eligible students to attend an institution of higher learning in this State that are to be repaid, in part, according to the income of the student borrowers. Sets forth the Pay It Forward, Pay It Back Program Fund where moneys in the fund shall be kept for the sole purpose of awarding program loans under the Act. Provides that the Department of Revenue shall administer the program and by rule develop the loan application process. Sets forth provisions governing loan repayment. Requires the Department to submit an annual report to the General Assembly. Amends the State Finance Act to create the Pay It Forward, Pay It Back Program Fund. Effective immediately.

Bill Sponsors (3)

Votes


Actions


Aug 15, 2014

House

Public Act . . . . . . . . . 98-0920

House

Governor Approved

House

Effective Date August 15, 2014

Jun 20, 2014

House

Sent to the Governor

May 23, 2014

Senate

Third Reading - Passed; 056-000-000

House

Passed Both Houses

May 20, 2014

Senate

Added as Alternate Chief Co-Sponsor Sen. Linda Holmes

May 15, 2014

Senate

Placed on Calendar Order of 3rd Reading May 19, 2014

Senate

Second Reading

Senate

Added as Alternate Co-Sponsor Sen. Steve Stadelman

May 13, 2014

Senate

Do Pass Higher Education; 009-000-000

Senate

Placed on Calendar Order of 2nd Reading May 14, 2014

May 08, 2014

Senate

Added as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff

Senate

Alternate Chief Sponsor Changed to Sen. Michael W. Frerichs

May 07, 2014

Senate

Added as Alternate Chief Co-Sponsor Sen. Michael W. Frerichs

Senate

Sponsor Removed Sen. Michael W. Frerichs

May 01, 2014

Senate

Assigned to Higher Education

Mar 28, 2014

Senate

Added as Alternate Co-Sponsor Sen. Melinda Bush

Mar 06, 2014

Senate

Referred to Assignments

Senate

First Reading

Mar 05, 2014

House

Added Co-Sponsor Rep. Charles E. Jefferson

House

Added Co-Sponsor Rep. Carol A. Sente

House

Added Co-Sponsor Rep. Laura Fine

House

Added Co-Sponsor Rep. William Davis

House

Third Reading - Short Debate - Passed 111-000-000

House

Added Co-Sponsor Rep. Naomi D. Jakobsson

House

Added Co-Sponsor Rep. Esther Golar

House

Added Co-Sponsor Rep. Jehan A. Gordon-Booth

House

Added Co-Sponsor Rep. Eddie Lee Jackson, Sr.

Senate

Arrive in Senate

Senate

Placed on Calendar Order of First Reading March 6, 2014

Senate

Chief Senate Sponsor Sen. Pamela J. Althoff

Mar 04, 2014

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

Feb 27, 2014

House

Placed on Calendar 2nd Reading - Short Debate

Feb 26, 2014

House

Added Chief Co-Sponsor Rep. Linda Chapa LaVia

House

Added Chief Co-Sponsor Rep. Robert W. Pritchard

House

House Committee Amendment No. 1 Adopted in Higher Education Committee; by Voice Vote

House

Do Pass as Amended / Short Debate Higher Education Committee; 013-000-000

House

Added Co-Sponsor Rep. Mary E. Flowers

House

Added Chief Co-Sponsor Rep. Sue Scherer

Feb 25, 2014

House

Added Chief Co-Sponsor Rep. Jay Hoffman

Feb 24, 2014

House

House Committee Amendment No. 1 Rules Refers to Higher Education Committee

Feb 20, 2014

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Jack D. Franks

House

House Committee Amendment No. 1 Referred to Rules Committee

House

Assigned to Higher Education Committee

Feb 10, 2014

House

First Reading

House

Referred to Rules Committee

Feb 07, 2014

House

Filed with the Clerk by Rep. Jack D. Franks

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
House Amendment 001

Sources

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