Illinois General Assembly - Bill Status for SB3742
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 Bill Status of SB3742  102nd General Assembly


Short Description:  IDOT-BONUS FOR STUDENT LOANS

Senate Sponsors
Sen. Ram Villivalam

Last Action
DateChamber Action
  1/21/2022SenateReferred to Assignments

Statutes Amended In Order of Appearance
20 ILCS 2705/2705-617 new


Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Ram Villivalam
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments

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