Illinois General Assembly - Bill Status for SB2058
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 Bill Status of SB2058  94th General Assembly


Senate Sponsors
Sen. Frank C. Watson - Dan Cronin

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.640 new

Synopsis As Introduced
Creates the Illinois Dollars for Scholars Program Act and amends the State Finance Act. Establishes the Illinois Dollars for Scholars Program, to be administered by the Illinois Student Assistance Commission, to encourage local communities to develop scholarship programs that assist their residents in obtaining a higher education. Requires the Commission to award a chapter $2,000 upon demonstration to the Commission that the chapter has raised $2,000 for scholarships or the creation of an endowment for scholarships. Limits the total number of chapters that may operate under the Act at any one time to 28. Sets forth the maximum number of chapters that may operate at any one time within certain cities and counties of the State. Sets forth procedures to be implemented by the Commission as they relate to the maximum numbers of chapters authorized to operate. Creates the Illinois Dollars for Scholars Fund as a special fund in the State treasury. Repeals the Act on June 30, 2008. Effective immediately.

DateChamber Action
  2/25/2005SenateFiled with Secretary by Sen. Frank C. Watson
  2/25/2005SenateChief Co-Sponsor Sen. Dan Cronin
  2/25/2005SenateFirst Reading
  2/25/2005SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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