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| [ Introduced ] | [ House Amendment 001 ] |
90_HB1528eng
110 ILCS 920/4.5 new
Amends the Baccalaureate Savings Act to provide that the
proceeds of new college savings bonds may be used only for
funding capital projects at State universities.
LRB9004227EGfg
HB1528 Engrossed LRB9004227EGfg
1 AN ACT to amend the Baccalaureate Savings Act by adding
2 Section 4.5.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Baccalaureate Savings Act is amended by
6 adding Section 4.5 as follows:
7 (110 ILCS 920/4.5 new)
8 Sec. 4.5. Use of bond proceeds. The proceeds of College
9 Savings Bonds sold after the effective date of this Section
10 may be used only for capital projects at State universities
11 and public community colleges.