Bill Title: Amends the State Treasurer Act. Modifies and reorganizes the provisions of a Section concerning the College Savings Pool. Provides that the State Treasurer may establish and administer a College Savings Pool as a qualified tuition program under the Internal Revenue Code, and that the Pool may consist of one or more college savings programs. Provides that the State Treasurer, in administering the College Savings Pool, may receive, hold, and invest moneys paid into the Pool and perform such other actions as are necessary to ensure that the Pool operates as a qualified tuition program under the Internal Revenue Code. Provides provisions concerning administration, availability, fees, and investment restrictions of the Pool. Modifies the way in which investments, distributions, contributions, and bonds are made regarding the Pool. Defines terms. Makes conforming, technical, and other changes. Effective immediately.
Sponsorship: Partisan Bill (Democrat 7)
Status: (Vetoed) 2018-11-28 - Bill Dead - Amendatory Veto
[SB2921 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Veto Message | 2018-08-29 | HTML/Text | Link | View |
| Enrolled | 2018-06-06 | HTML/Text | Link | View |
| Engrossed | 2018-04-18 | HTML/Text | Link | View |
| Introduced | 2018-02-14 | HTML/Text | Link | View |
Amendments
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois SB2921 currently on file. |
