Bill Text: IL HB1570 | 2017-2018 | 100th General Assembly | Introduced

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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: (Failed) 2019-01-08 - Session Sine Die [HB1570 Detail]

Download: Illinois-2017-HB1570-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB1570 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
815 ILCS 155/1 from Ch. 17, par. 6301
Amends the Student Loans to Minors Act. Makes a technical change in a Section concerning student loans.
LRB100 03444 JLS 13449 b
A BILL FOR
HB1570 LRB100 03444 JLS 13449 b
AN ACT concerning business.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Student Loans to Minors Act is amended by
changing Section 1 as follows:
(815 ILCS 155/1) (from Ch. 17, par. 6301)
Sec. 1. Any student who has been accepted for admission to
an institution in the the State of Illinois approved by the
State Superintendent of Public Instruction as an institution of
higher education on either the undergraduate or graduate level
shall be permitted to execute a legally binding promissory note
for a loan necessary to attend or to continue in attendance at
an institution of higher education, subject to approval by the
institution of higher education attended.
(Source: Laws 1959, p. 2056.)