103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2424
 
Introduced 2/15/2023, by Rep. Michael T. Marron
 
SYNOPSIS AS INTRODUCED:
 

 
20 ILCS 2705/2705-617 new

     Amends the Department of Transportation Law of the Civil Administrative Code of Illinois.  Requires the Department of Transportation to provide higher education student loan repayment assistance in the form of an annual after-tax bonus of $15,000 per year, for not more than 5 years, to any engineer employed by the Department  if (i)  the engineer is a graduate of a college or university located in this State, (ii)   the engineer provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in this State, and (iii)   the engineer remains in the employ of the Department for at least 5 years. Provides that if the engineer leaves the employ of the Department prior to serving 5 years, the engineer must return all bonuses made to the engineer by the Department pursuant to these provisions. Effective immediately.
  


LRB103 30392 MXP 56822 b

 
 
A BILL FOR
 

  
HB2424LRB103 30392 MXP 56822 b


  
1    AN ACT concerning State government.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Department of Transportation Law of the

5Civil Administrative Code of Illinois is amended  by adding 
6Section 2705-617 as follows:
 
7    (20 ILCS 2705/2705-617 new)
8    Sec. 2705-617. Student loan repayment assistance for 
9engineers. The Department shall provide higher education 
10student loan repayment assistance in the form of an annual 
11after-tax bonus of $15,000 per year, for not more than 5 years, 
12to any engineer employed by the Department, subject to the 
13following:
14        (1)  the engineer is a graduate of a college or 
15    university located in this State; 
16        (2)   the engineer provides documentation to the 
17    Department of the repayment of higher education student 
18    loans taken to attend a college or university located in 
19    this State; 
20        (3)   the engineer remains in the employ of the 
21    Department for at least 5 years; and 
22        (4)   if the engineer leaves the employ of the 
23    Department prior to serving 5 years, the engineer must 
 
 
HB2424- 2 -LRB103 30392 MXP 56822 b

1    return all bonuses made to the engineer by the Department 
2    pursuant to this Section. 
 
 
3    Section 99. Effective date. This Act takes effect upon 
4becoming law.