Illinois House Bill 5388 (Prior Session Legislation)

---

Spectrum: Slight Partisan Bill (Republican 4-2)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Treasurer Act and Illinois Prepaid Tuition Act. Provides that, beginning on July 1, 2020, for a designated beneficiary or qualified beneficiary who is a State resident, no contributions toward the College Savings Pool or the purchase of an Illinois prepaid tuition contract may be considered in evaluating the financial situation of the beneficiary or be deemed a financial resource or form of financial aid or assistance to the beneficiary for purposes of determining the eligibility of the beneficiary for any scholarship, grant, or monetary assistance awarded by the Illinois Student Assistance Commission. Provides that contributions toward the College Savings Pool or the purchase of an Illinois prepaid tuition contract may not reduce the amount of any scholarship, grant, or monetary assistance that the beneficiary is eligible to be awarded by the Commission. Effective June 1, 2020.

HIGHER ED-COLLEGE SAVINGS

Rep. Norine Hammond [R]	Rep. Grant Wehrli [R]	Rep. Patrick Windhorst [R]	Rep. Amy Grant [R]
Rep. Terra Costa Howard [D]	Sen. Mary Edly-Allen [D]

Date	Chamber	Action
2020-06-23	House	Rule 19(b) / Re-referred to Rules Committee
2020-06-02	House	Added Co-Sponsor Rep. Mary Edly-Allen
2020-06-02	House	Added Co-Sponsor Rep. Terra Costa Howard
2020-03-12	House	Assigned to Higher Education Committee
2020-02-18	House	Referred to Rules Committee
2020-02-18	House	First Reading
2020-02-14	House	Chief Co-Sponsor Rep. Amy Grant
2020-02-14	House	Chief Co-Sponsor Rep. Patrick Windhorst
2020-02-14	House	Chief Co-Sponsor Rep. Grant Wehrli
2020-02-14	House	Filed with the Clerk by Rep. Norine K. Hammond

Chapter	Article	Section	Citation Type	Statute Text
110	979	45.5	New Code	See Bill Text
15	505	16.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5388&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB5388.htm