HB 24

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Hghr Ed-Loan Repay-Minorities

Abstract

Creates the Not-For-Profit Organization Minority Employee Assistance Act. Defines terms. Requires the Illinois Student Assistance Commission to establish and administer the Not-For-Profit Organization Minority Employee Loan Repayment Assistance Program for the primary purpose of providing loan repayment assistance to minority employees to encourage minorities to pursue careers with not-for-profit organizations; provides for the Program's eligibility requirements. Provides that the maximum amount of loan repayment assistance for each Program participant shall be $5,000 per year, up to a maximum of $25,000 during the participant's career; provides for the manner of fund distribution. Provides that if a Program participant becomes ineligible during the term of a loan, he or she must repay the outstanding amount of any loan received from the Commission. Amends the State Finance Act to create the Not-For-Profit Organization Minority Employee Loan Repayment Assistance Fund as a special fund in the State treasury.

Bill Sponsors (4)

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Actions


Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

Mar 26, 2019

House

Added Chief Co-Sponsor Rep. LaToya Greenwood

Mar 22, 2019

House

To Special Issues Subcommittee (HED)

Feb 14, 2019

House

Added Chief Co-Sponsor Rep. Rita Mayfield

House

Added Chief Co-Sponsor Rep. Anne Stava-Murray

Jan 29, 2019

House

Assigned to Higher Education Committee

Jan 09, 2019

House

First Reading

House

Referred to Rules Committee

Nov 30, 2018

House

Prefiled with Clerk by Rep. Mary E. Flowers

Bill Text

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Sources

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