Bill Text: IL HB3233 | 2023-2024 | 103rd General Assembly | Enrolled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Higher Education Student Assistance Act. Provides that the Illinois Dream Fund Commission shall develop a comprehensive program, including creation of informational materials and a marketing plan, to educate people in the State of Illinois about the purpose and benefits of contributions made to the Illinois DREAM Fund. Provides that the Illinois DREAM Fund Commission shall develop specific marketing materials for the voluntary use by persons licensed pursuant to the Transmitters of Money Act. Amends the Transmitters of Money Act. Provides that licensees may offer every customer who transmits money internationally the option to make a voluntary donation to the Illinois DREAM Fund. Provides that licensees may present customers with the option to make a donation to the Illinois DREAM Fund before the customer completes the transaction. Provides that the amount of the donation shall be no less than $1 per transaction. Provides that the Department of Financial and Professional Regulation may adopt rules to administer, implement, and interpret the provisions. Provides that licensees shall not use, deduct, or retain any amounts from donations to the Illinois DREAM Fund, except any actual cost imposed by third-party payment processors to receive or remit the funds. Provides that the Department shall provide to licensees electronic copies of all marketing materials created by the Illinois DREAM Fund Commission for licensees pursuant to specified provisions. Effective immediately.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Passed) 2023-07-28 - Public Act . . . . . . . . . 103-0338 [HB3233 Detail]

Download: Illinois-2023-HB3233-Enrolled.html

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AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Higher Education Student Assistance Act is
amended by changing Section 67 as follows:
(110 ILCS 947/67)
Sec. 67. Illinois DREAM Fund Commission.
(a) The Illinois Student Assistance Commission shall
establish an Illinois DREAM Fund Commission. The Governor
shall appoint, with the advice and consent of the Senate,
members to the Illinois DREAM Fund Commission, which shall be
comprised of 9 members representing the geographic and ethnic
diversity of this State, including students, college and
university administrators and faculty, and other individuals
committed to advancing the educational opportunities of the
children of immigrants.
(b) The Illinois DREAM Fund Commission is charged with all
of the following responsibilities:
(1) Administering this Section and raising funds for
the Illinois DREAM Fund.
(2) Establishing a not-for-profit entity charged with
raising funds for the administration of this Section, any
educational or training programs the Commission is tasked

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with administering, and funding scholarships to students
who are the children of immigrants to the United States.
(3) Publicizing the availability of scholarships from
the Illinois DREAM Fund.
(4) Selecting the recipients of scholarships funded
through the Illinois DREAM Fund.
(5) Researching issues pertaining to the availability
of assistance with the costs of higher education for the
children of immigrants and other issues regarding access
for and the performance of the children of immigrants
within higher education.
(6) Overseeing implementation of the other provisions
of this amendatory Act of the 97th General Assembly.
(7) Establishing and administering training programs
for high school counselors and counselors, admissions
officers, and financial aid officers of public
institutions of higher education. The training programs
shall instruct participants on the educational
opportunities available to college-bound students who are
the children of immigrants, including, but not limited to,
in-state tuition and scholarship programs. The Illinois
DREAM Fund Commission may also establish a public
awareness campaign regarding educational opportunities
available to college bound students who are the children
of immigrants.
The Illinois DREAM Fund Commission shall establish, by

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rule, procedures for accepting and evaluating applications for
scholarships from the children of immigrants and issuing
scholarships to selected student applicants.
(c) To receive a scholarship under this Section, a student
must meet all of the following qualifications:
(1) Have resided with his or her parents or guardian
while attending a public or private high school in this
State.
(2) Have graduated from a public or private high
school or received the equivalent of a high school diploma
in this State.
(3) Have attended school in this State for at least 3
years as of the date he or she graduated from high school
or received the equivalent of a high school diploma.
(4) Have at least one parent who immigrated to the
United States.
(d) The Illinois Student Assistance Commission shall
establish an Illinois DREAM Fund to provide scholarships under
this Section. The Illinois DREAM Fund shall be funded entirely
from private contributions.
(e) The Illinois DREAM Fund Commission shall develop a
comprehensive program, including creation of informational
materials and a marketing plan, to educate people in the State
of Illinois about the purpose and benefits of contributions
made to the Illinois DREAM Fund. The Illinois DREAM Fund
Commission shall develop specific marketing materials for the

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voluntary use by persons licensed pursuant to the Transmitters
of Money Act.
(Source: P.A. 97-233, eff. 8-1-11.)
Section 10. The Transmitters of Money Act is amended by
adding Section 94 as follows:
(205 ILCS 657/94 new)
Sec. 94. Donations; Illinois DREAM Fund.
(a) Licensees may offer every customer who transmits money
internationally the option to make a voluntary donation to the
Illinois DREAM Fund. Licensees may present customers with the
option to make a donation to the Illinois DREAM Fund before the
customer completes the transaction. The amount of the donation
shall be no less than $1 per transaction. The Department may
adopt rules to administer, implement, and interpret the
provisions of this Section, including, but not limited to, the
amount of the donation options to be presented to customers,
the manner and timing of receiving donations and remitting the
donations to the Illinois DREAM Fund, and the methods by which
the licensee may offer the option to donate to customers.
Licensees shall not use, deduct, or retain any amounts from
donations to the Illinois DREAM Fund, except any actual cost
imposed by third-party payment processors to receive or remit
the funds.
(b) The Department shall provide to licensees under this

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Act electronic copies of all marketing materials created by
the Illinois DREAM Fund Commission for licensees pursuant to
subsection (e) of Section 67 of the Higher Education Student
Assistance Act.