IL SB1393 | 2019-2020 | 101st General Assembly


Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 13 2019 - 25% progression
Action: 2019-03-22 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]


Amends the State Treasurer Act. Provides that the State Treasurer shall establish the Illinois Higher Education Savings Program for the purpose of expanding access to higher education through savings. Provides for enrollment in the Program. Provides further duties and requirements of the Treasurer regarding the Program. Creates the Illinois Higher Education Savings Program Fund as a fund held outside of the State treasury to be the official repository of all contributions, appropriations, interest, and dividend payments, gifts, or other financial assets received by the State Treasurer in connection with operation of the Program or related partnerships. Provides for audits and reports concerning the Program. Allows the Treasurer to adopt any rules that may be necessary to implement the Program. Amends the Freedom of Information Act to provide an exemption for information that is exempt from disclosure under the Illinois Higher Education Savings Program.

Tracking Information

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2019-03-22SenateRule 3-9(a) / Re-referred to Assignments
2019-03-19SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2019-02-26SenateAdded as Co-Sponsor Sen. Scott M. Bennett
2019-02-20SenateAdded as Co-Sponsor Sen. Omar Aquino
2019-02-20SenateAssigned to Appropriations II
2019-02-13SenateReferred to Assignments
2019-02-13SenateFirst Reading
2019-02-13SenateFiled with Secretary by Sen. Pat McGuire

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1550516.8New CodeSee Bill Text
51407.5Amended CodeCitation Text

Illinois State Sources

Bill Comments