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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016 HB6302 Introduced 2/11/2016, by Rep. Jim Durkin SYNOPSIS AS INTRODUCED: |
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Amends the Illinois Prepaid Tuition Act. Changes the definition of "eligible institution" to mean an eligible educational institution as defined in Section 529 of the federal Internal Revenue Code of 1986 and any regulations thereunder (instead of an institution of higher learning, as defined in the Higher Education Student Assistance Act, whose students are eligible to receive benefits under Section 529(a) of the Internal Revenue Code of 1986, as specified by the federal Small Business Act of 1996 and subsequent amendments to this federal law). Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB6302 | | LRB099 02687 NHT 22694 b |
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1 | | AN ACT concerning education.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Illinois Prepaid Tuition Act is amended by |
5 | | changing Section 10 as follows:
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6 | | (110 ILCS 979/10)
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7 | | Sec. 10. Definitions. In this Act:
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8 | | "Illinois public university" means the University of |
9 | | Illinois, Illinois State
University, Chicago State University, |
10 | | Governors State University, Southern
Illinois University, |
11 | | Northern Illinois University, Eastern Illinois University,
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12 | | Western Illinois University, or Northeastern Illinois |
13 | | University.
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14 | | "Illinois community college" means a public community |
15 | | college as defined in
Section 1-2 of the Public Community |
16 | | College Act.
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17 | | "Eligible institution" means an eligible educational |
18 | | institution as defined in Section 529 of the federal Internal |
19 | | Revenue Code of 1986 and any regulations thereunder institution |
20 | | of higher learning, as defined in Section 10 of the Higher |
21 | | Education Student Assistance Act, whose students are eligible |
22 | | to receive benefits under Section 529(a)
of the Internal |
23 | | Revenue Code of 1986, as specified by the federal Small
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