IL HB5599 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Republican 9)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Prepaid Tuition Act. Provides that the Illinois Student Assistance Commission, in investing amounts in the Illinois Prepaid Tuition Trust Fund, shall abide by the same requirements that investment companies and management companies are required to abide by under Sections 30 and 32 of the federal Investment Company Act of 1940, related rules of the U.S. Securities and Exchange Commission, and related federal case law, with references to the U.S. Securities and Exchange Commission meaning the State Treasurer and references to an investment company or management company meaning the Commission. Authorizes the State Treasurer to adopt any rules necessary to implement these provisions. Effective immediately.

Tracking Information

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Title

ILL PREPAID TUITION TRUST FUND

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2012-02-28HouseAdded Co-Sponsor Rep. Patricia R. Bellock
2012-02-16HouseAdded Co-Sponsor Rep. Robert W. Pritchard
2012-02-16HouseAdded Co-Sponsor Rep. John D. Cavaletto
2012-02-16HouseAdded Co-Sponsor Rep. Kay Hatcher
2012-02-15HouseReferred to Rules Committee
2012-02-15HouseFirst Reading
2012-02-15HouseChief Co-Sponsor Rep. Jim Sacia
2012-02-15HouseChief Co-Sponsor Rep. Chad Hays
2012-02-15HouseChief Co-Sponsor Rep. Kent Gaffney
2012-02-15HouseChief Co-Sponsor Rep. Darlene J. Senger
2012-02-15HouseFiled with the Clerk by Rep. Jim Durkin

Code Citations

ChapterArticleSectionCitation TypeStatute Text
11097935Amended CodeCitation Text

Illinois State Sources


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