Bill Text: IL HB1776 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Illinois Prepaid Tuition Act. Makes a technical change in a Section concerning the Act's purpose.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-04-12 - Rule 19(a) / Re-referred to Rules Committee [HB1776 Detail]

Download: Illinois-2019-HB1776-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB1776 Introduced , by Rep. Jim Durkin SYNOPSIS AS INTRODUCED:
110 ILCS 979/5
Amends the Illinois Prepaid Tuition Act. Makes a technical change in a Section concerning the Act's purpose.
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A BILL FOR
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AN ACT concerning education.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Prepaid Tuition Act is amended by
changing Section 5 as follows:
(110 ILCS 979/5)
Sec. 5. Purpose. The The General Assembly finds and
declares that the general welfare and security of the State are
enhanced by access to higher education for all residents of the
State who desire that education and who demonstrate the
qualifications necessary to pursue that education.
Furthermore, it is desirable that residents of the State who
seek to pursue higher education be able to choose attendance at
the higher education institution that offers programs and
services most suitable to their needs. Accordingly, endeavors
that serve the higher education needs of the people of the
State represent an essential function of State government.
During the past decade, students have been paying more and
borrowing more to finance the increasing cost of higher
education at Illinois colleges and universities as well as at
similar institutions nationwide. Federal and state
governments' capacity to fund college scholarships and grants
cannot fully meet the current and future demand for higher

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education nor is it reasonable to expect that paying for
college is solely a governmental responsibility. It is -- and
has always been -- a shared responsibility among the student,
the family, State government, and the federal government.
Consequently, the intent of this Act is to both encourage and
better enable Illinois families to help themselves finance the
cost of higher education, specifically through a program that
provides Illinois families with a method of State tax-free and
federally tax-exempt savings for higher education.
(Source: P.A. 95-217, eff. 8-16-07.)