97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0629

 

Introduced 01/31/11, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
110 ILCS 947/91

    Amends the Higher Education Student Assistance Act. Makes a technical change in a Section concerning defaulting on a loan.


LRB097 03452 NHT 43489 b

 

 

A BILL FOR

 

HB0629LRB097 03452 NHT 43489 b

1    AN ACT concerning education.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Higher Education Student Assistance Act is
5amended by changing Section 91 as follows:
 
6    (110 ILCS 947/91)
7    Sec. 91. Notice to Secretary of State. The The Commission
8shall establish by rule mutually agreed procedures to furnish
9the Secretary of State annually or at other mutually agreed
10periodic intervals with the names and social security numbers
11of natural persons who the Commission determines are registered
12with the Secretary of State as dealers, salespersons or
13investment advisers under the Illinois Securities Law of 1953
14and have defaulted on an educational loan guaranteed by the
15Commission.
16(Source: P.A. 88-494.)