Mary E. Flowers
- District 31
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.
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Rule 19(a) / Re-referred to Rules Committee
Added Chief Co-Sponsor Rep. LaToya Greenwood
To Special Issues Subcommittee (HED)
Added Chief Co-Sponsor Rep. Rita Mayfield
Added Chief Co-Sponsor Rep. Anne Stava-Murray
Assigned to Higher Education Committee
Referred to Rules Committee
Prefiled with Clerk by Rep. Mary E. Flowers
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