Illinois General Assembly - Bill Status for HB4615
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB4615 General Assembly


House Sponsors
Rep. Robyn Gabel - Carol Ammons, Mary Edly-Allen and Kambium Buckner

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 505/16.8
30 ILCS 105/5.930 new
35 ILCS 5/917from Ch. 120, par. 9-917

Synopsis As Introduced
Amends the State Treasurer Act. Establishes the Illinois Higher Education Savings Program as a part of the College Savings Pool (currently, not a part of the College Savings Pool), subject to appropriation by the General Assembly. Requires the Department of Public Health and the Department of Revenue to provide the State Treasurer with specified information concerning eligible children under the Program. Modifies provisions concerning seed funds, unclaimed seed funds, and incentives and partnerships. Establishes the Illinois Higher Education Savings Program Fund as a special fund in the State treasury (currently, held outside of the State treasury). Allows the State Treasurer to deposit up to $10,000,000 into the Fund from earnings generated from investment and safekeeping of funds in the State treasury. Amends the Illinois Income Tax Act. Provides that the Director of Revenue may exchange information with the State Treasurer's Office for the purpose of administering the Illinois Higher Education Savings Program. Amends the State Finance Act to provide for the Illinois Higher Education Savings Program Fund. Modifies defined terms. Makes conforming and other changes. Effective immediately.

DateChamber Action
  2/5/2020HouseFiled with the Clerk by Rep. Robyn Gabel
  2/5/2020HouseFirst Reading
  2/5/2020HouseReferred to Rules Committee
  2/25/2020HouseAssigned to Higher Education Committee
  2/26/2020HouseAdded Co-Sponsor Rep. Mary Edly-Allen
  3/4/2020HouseAdded Chief Co-Sponsor Rep. Carol Ammons
  3/4/2020HouseDo Pass / Short Debate Higher Education Committee; 012-007-000
  3/5/2020HousePlaced on Calendar 2nd Reading - Short Debate
  3/5/2020HouseAdded Co-Sponsor Rep. Kambium Buckner
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

Back To Top