Jack D. Franks
- Democratic
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.
Public Act . . . . . . . . . 98-0920
Governor Approved
Effective Date August 15, 2014
Sent to the Governor
Third Reading - Passed; 056-000-000
Passed Both Houses
Added as Alternate Chief Co-Sponsor Sen. Linda Holmes
Placed on Calendar Order of 3rd Reading May 19, 2014
Second Reading
Added as Alternate Co-Sponsor Sen. Steve Stadelman
Do Pass Higher Education; 009-000-000
Placed on Calendar Order of 2nd Reading May 14, 2014
Added as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
Alternate Chief Sponsor Changed to Sen. Michael W. Frerichs
Added as Alternate Chief Co-Sponsor Sen. Michael W. Frerichs
Sponsor Removed Sen. Michael W. Frerichs
Assigned to Higher Education
Added as Alternate Co-Sponsor Sen. Melinda Bush
Referred to Assignments
First Reading
Added Co-Sponsor Rep. Charles E. Jefferson
Added Co-Sponsor Rep. Carol A. Sente
Added Co-Sponsor Rep. Laura Fine
Added Co-Sponsor Rep. William Davis
Third Reading - Short Debate - Passed 111-000-000
Added Co-Sponsor Rep. Naomi D. Jakobsson
Added Co-Sponsor Rep. Esther Golar
Added Co-Sponsor Rep. Jehan A. Gordon-Booth
Added Co-Sponsor Rep. Eddie Lee Jackson, Sr.
Arrive in Senate
Placed on Calendar Order of First Reading March 6, 2014
Chief Senate Sponsor Sen. Pamela J. Althoff
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Added Chief Co-Sponsor Rep. Linda Chapa LaVia
Added Chief Co-Sponsor Rep. Robert W. Pritchard
House Committee Amendment No. 1 Adopted in Higher Education Committee; by Voice Vote
Do Pass as Amended / Short Debate Higher Education Committee; 013-000-000
Added Co-Sponsor Rep. Mary E. Flowers
Added Chief Co-Sponsor Rep. Sue Scherer
Added Chief Co-Sponsor Rep. Jay Hoffman
House Committee Amendment No. 1 Rules Refers to Higher Education Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Jack D. Franks
House Committee Amendment No. 1 Referred to Rules Committee
Assigned to Higher Education Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Jack D. Franks
Bill Text Versions | Format |
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Introduced | HTML |
Engrossed | HTML |
Enrolled | HTML |
Document | Format |
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Public Act | |
House Amendment 001 |
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