Illinois General Assembly - Bill Status for HB0741
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 Bill Status of HB0741  102nd General Assembly


Short Description:  TREASURER-COLLEGE SAVINGS POOL

House Sponsors
Rep. Katie Stuart - Carol Ammons and Mike Murphy

Senate Sponsors
(Sen. Laura Ellman - Jacqueline Y. Collins and Laura M. Murphy)

Last Action
DateChamber Action
  7/30/2021HousePublic Act . . . . . . . . . 102-0186

Statutes Amended In Order of Appearance
15 ILCS 505/16.5


Synopsis As Introduced
Amends the State Treasurer Act. Modifies provisions concerning the College Savings Pool. Provides that the State Treasurer, in administering the College Savings Pool, may, among other actions, perform any other action he or she deems necessary to administer the Pool. Provides that the State Treasurer may delegate duties related to the College Savings Pool to one or more contractors. Provides that any fees, costs, and expenses related to the College Savings Pool shall be paid from the assets of the College Savings Pool. Provides further requirements concerning fees of the College Savings Pool. Modifies provisions concerning investment restrictions, distributions, and contributions of the College Savings Pool. Modifies provisions concerning the Illinois Student Assistance Commission. Provides that the State Treasurer and the Illinois Student Assistance Commission shall each cooperate in providing each other with account information, as necessary, to prevent contributions in excess of those necessary to provide for the qualified expenses of the designated beneficiary. Removes provisions requiring the maintenance of specified records. Modifies defined terms. Makes conforming and other changes. Effective immediately.

Actions 
DateChamber Action
  2/8/2021HouseFiled with the Clerk by Rep. Katie Stuart
  2/10/2021HouseFirst Reading
  2/10/2021HouseReferred to Rules Committee
  3/2/2021HouseAssigned to State Government Administration Committee
  3/10/2021HouseAdded Co-Sponsor Rep. Mike Murphy
  3/10/2021HouseDo Pass / Consent Calendar State Government Administration Committee; 007-000-000
  3/17/2021HousePlaced on Calendar 2nd Reading - Consent Calendar
  4/8/2021HouseAdded Chief Co-Sponsor Rep. Carol Ammons
  4/13/2021HouseSecond Reading - Consent Calendar
  4/13/2021HouseHeld on Calendar Order of Second Reading - Consent Calendar
  4/13/2021HousePlaced on Calendar Order of 3rd Reading - Consent Calendar
  4/16/2021HouseThird Reading - Consent Calendar - Passed 108-000-000
  4/19/2021SenateArrive in Senate
  4/19/2021SenatePlaced on Calendar Order of First Reading
  4/19/2021SenateChief Senate Sponsor Sen. Laura Ellman
  4/19/2021SenateFirst Reading
  4/19/2021SenateReferred to Assignments
  4/28/2021SenateAssigned to Financial Institutions
  5/4/2021SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
  5/6/2021SenateDo Pass Financial Institutions; 007-000-000
  5/6/2021SenatePlaced on Calendar Order of 2nd Reading May 10, 2021
  5/13/2021SenateSecond Reading
  5/13/2021SenatePlaced on Calendar Order of 3rd Reading May 14, 2021
  5/24/2021SenatePlaced on Calendar Order of 3rd Reading ** May 25, 2021
  5/26/2021SenateAdded as Alternate Co-Sponsor Sen. Laura M. Murphy
  5/27/2021SenateThird Reading - Passed; 057-000-000
  5/27/2021HousePassed Both Houses
  6/23/2021HouseSent to the Governor
  7/30/2021HouseGovernor Approved
  7/30/2021HouseEffective Date July 30, 2021
  7/30/2021HousePublic Act . . . . . . . . . 102-0186

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