99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB1281

 

Introduced , by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
815 ILCS 155/1  from Ch. 17, par. 6301

    Amends the Student Loans to Minors Act. Makes a technical change in a Section concerning student loans.


LRB099 05132 JLS 25161 b

 

 

A BILL FOR

 

HB1281LRB099 05132 JLS 25161 b

1    AN ACT concerning business.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Student Loans to Minors Act is amended by
5changing Section 1 as follows:
 
6    (815 ILCS 155/1)  (from Ch. 17, par. 6301)
7    Sec. 1. Any student who has been accepted for admission to
8an institution in the the State of Illinois approved by the
9State Superintendent of Public Instruction as an institution of
10higher education on either the undergraduate or graduate level
11shall be permitted to execute a legally binding promissory note
12for a loan necessary to attend or to continue in attendance at
13an institution of higher education, subject to approval by the
14institution of higher education attended.
15(Source: Laws 1959, p. 2056.)