HB 2237

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House Apr 03, 2019
  • Passed House Apr 03, 2019
  • Passed Senate May 29, 2019
  • Became Law Aug 23, 2019

Higher Ed Savings Program

Abstract

Amends the State Treasurer Act. Provides that the State Treasurer shall establish the Illinois Higher Education Savings Program for the purpose of expanding access to higher education through savings. Provides for enrollment in the Program. Provides further duties and requirements of the Treasurer regarding the Program. Creates the Illinois Higher Education Savings Program Fund as a fund held outside of the State treasury to be the official repository of all contributions, appropriations, interest, and dividend payments, gifts, or other financial assets received by the State Treasurer in connection with the operation of the Program or related partnerships. Provides for audits and reports concerning the Program. Allows the Treasurer to adopt any rules that may be necessary to implement the Program. Amends the Freedom of Information Act to provide an exemption for information that is exempt from disclosure under the Illinois Higher Education Savings Program. House Floor Amendment No. 2 Provides that notwithstanding any court order which would otherwise prevent the release of information, the Department of Public Health is authorized to release specified information to the State Treasurer for the purposes of the Illinois Higher Education Savings Program. State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity) This bill does not create a State mandate. Fiscal Note (Office of the Treasurer) Based upon Illinois' current birth rate of 155,000 to 165,000 newborns per year, the annual cost for this program is expected to be $9-10 million per year, beginning in FY21. This includes approximately $8 million for the initial seed funding of $50 per child and an estimated $1.5 million to develop local savings incentive partnerships, engage parents and children in related financial literacy initiatives, and administer the program. Because unclaimed and unused funds will remain with the program for future use, the need for annual appropriations will decline after year 10 of the program as unclaimed and unused funds are recycled. House Floor Amendment No. 3 Modifies the definition of "eligible child".

Bill Sponsors (34)

Bill Cunningham

     
Cosponsor

Votes


Actions


May 22, 2020

House

Added Co-Sponsor Rep. Michelle Mussman

Feb 25, 2020

House

Added Co-Sponsor Rep. Debbie Meyers-Martin

Aug 27, 2019

Senate

Added as Alternate Co-Sponsor Sen. Dan McConchie

Aug 23, 2019

House

Public Act . . . . . . . . . 101-0466

House

Effective Date January 1, 2020

House

Governor Approved

Jun 27, 2019

House

Sent to the Governor

May 29, 2019

Senate

Added as Alternate Co-Sponsor Sen. Mattie Hunter

House

Passed Both Houses

Senate

Third Reading - Passed; 040-015-000

Senate

Added as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr.

May 24, 2019

Senate

Rule 2-10 Third Reading Deadline Established As May 31, 2019

May 23, 2019

Senate

Placed on Calendar Order of 3rd Reading May 24, 2019

Senate

Second Reading

May 22, 2019

Senate

Do Pass Higher Education; 009-004-000

Senate

Added as Alternate Co-Sponsor Sen. Robert Peters

Senate

Added as Alternate Co-Sponsor Sen. Toi W. Hutchinson

Senate

Placed on Calendar Order of 2nd Reading May 23, 2019

May 21, 2019

Senate

Added as Alternate Co-Sponsor Sen. Antonio Muñoz

May 20, 2019

Senate

Added as Alternate Co-Sponsor Sen. Martin A. Sandoval

Senate

Added as Alternate Co-Sponsor Sen. Kimberly A. Lightford

May 17, 2019

Senate

Rule 2-10 Committee Deadline Established As May 24, 2019

May 16, 2019

Senate

Added as Alternate Co-Sponsor Sen. Cristina Castro

Senate

Added as Alternate Co-Sponsor Sen. Christopher Belt

Senate

Added as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez

May 15, 2019

Senate

Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins

May 14, 2019

Senate

Added as Alternate Co-Sponsor Sen. Rachelle Crowe

May 13, 2019

Senate

Added as Alternate Chief Co-Sponsor Sen. Melinda Bush

May 10, 2019

Senate

Rule 2-10 Committee Deadline Established As May 17, 2019

May 09, 2019

Senate

Added as Alternate Co-Sponsor Sen. Bill Cunningham

Senate

Re-assigned to Higher Education

Senate

Re-referred to Assignments

May 07, 2019

Senate

Added as Alternate Co-Sponsor Sen. Ram Villivalam

May 01, 2019

Senate

Added as Alternate Co-Sponsor Sen. Jacqueline Y. Collins

Senate

Added as Alternate Co-Sponsor Sen. Scott M. Bennett

Apr 24, 2019

Senate

Assigned to Appropriations II

Apr 04, 2019

Senate

Added as Alternate Chief Co-Sponsor Sen. Don Harmon

Apr 03, 2019

Senate

Placed on Calendar Order of First Reading

House

Added Chief Co-Sponsor Rep. Aaron M. Ortiz

House

Third Reading - Short Debate - Passed 066-042-001

Senate

Arrive in Senate

Senate

Chief Senate Sponsor Sen. Pat McGuire

Senate

First Reading

Senate

Referred to Assignments

Apr 02, 2019

House

House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 003-000-000

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

House Floor Amendment No. 3 Adopted

House

House Floor Amendment No. 2 Adopted

House

Second Reading - Short Debate

House

Added Co-Sponsor Rep. LaToya Greenwood

House

Added Co-Sponsor Rep. Katie Stuart

Mar 29, 2019

House

House Floor Amendment No. 2 Recommends Be Adopted Higher Education Committee; 012-005-000

Mar 28, 2019

House

Added Co-Sponsor Rep. Kelly M. Cassidy

House

Added Co-Sponsor Rep. Theresa Mah

House

Added Co-Sponsor Rep. Will Guzzardi

Mar 27, 2019

House

House Floor Amendment No. 3 Filed with Clerk by Rep. Robyn Gabel

House

House Floor Amendment No. 3 Referred to Rules Committee

Mar 22, 2019

House

Fiscal Note Filed

Mar 21, 2019

House

State Mandates Fiscal Note Filed

House

House Floor Amendment No. 2 Rules Refers to Higher Education Committee

Mar 20, 2019

House

House Floor Amendment No. 2 Filed with Clerk by Rep. Robyn Gabel

House

House Floor Amendment No. 2 Referred to Rules Committee

Mar 19, 2019

House

Added Co-Sponsor Rep. Daniel Didech

Mar 18, 2019

House

State Mandates Fiscal Note Requested by Rep. Tom Demmer

House

Fiscal Note Requested by Rep. Tom Demmer

Mar 14, 2019

House

Removed Co-Sponsor Rep. Norine K. Hammond

House

Placed on Calendar 2nd Reading - Short Debate

Mar 13, 2019

House

Do Pass / Short Debate Higher Education Committee; 011-006-000

House

House Committee Amendment No. 1 Tabled Pursuant to Rule 40

House

Added Co-Sponsor Rep. Celina Villanueva

Mar 08, 2019

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Robyn Gabel

House

Added Co-Sponsor Rep. Mary Edly-Allen

House

House Committee Amendment No. 1 Referred to Rules Committee

Mar 07, 2019

House

Added Co-Sponsor Rep. Mark Batinick

Feb 27, 2019

House

Added Co-Sponsor Rep. Norine K. Hammond

Feb 26, 2019

House

Added Chief Co-Sponsor Rep. Emanuel Chris Welch

Feb 22, 2019

House

Added Co-Sponsor Rep. Monica Bristow

Feb 19, 2019

House

Assigned to Higher Education Committee

Feb 07, 2019

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Robyn Gabel

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
House Amendment 003
House Amendment 002
House Amendment 001

Sources

Data on Open States is updated nightly from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.