Bill Text: IL HB1281 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Amends the Student Loans to Minors Act. Makes a technical change in a Section concerning student loans.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-04-24 - Rule 19(a) / Re-referred to Rules Committee [HB1281 Detail]
Download: Illinois-2015-HB1281-Introduced.html
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1 | AN ACT concerning business.
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2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Student Loans to Minors Act is amended by | |||||||||||||||||||
5 | changing Section 1 as follows:
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6 | (815 ILCS 155/1) (from Ch. 17, par. 6301)
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7 | Sec. 1.
Any student who has been accepted for admission to | |||||||||||||||||||
8 | an
institution in the
the State of Illinois approved by the | |||||||||||||||||||
9 | State
Superintendent of Public Instruction as an institution of | |||||||||||||||||||
10 | higher
education on either the undergraduate or graduate level | |||||||||||||||||||
11 | shall be
permitted to execute a legally binding promissory note | |||||||||||||||||||
12 | for a loan
necessary to attend or to continue in attendance at | |||||||||||||||||||
13 | an institution of
higher education, subject to approval by the | |||||||||||||||||||
14 | institution of higher
education attended. | |||||||||||||||||||
15 | (Source: Laws 1959, p. 2056.)
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