HB1304 98TH GENERAL ASSEMBLY

LRB098 03803 NHT 33819 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB1304

Introduced , by Rep. Robert F Martwick

SYNOPSIS AS INTRODUCED:

110 ILCS 947/102 new

Amends the Higher Education Student Assistance Act. Subject to appropriation, requires the Illinois Student Assistance Commission to establish a pilot loan program for students enrolled at Wilbur Wright College in Community College District No. 508. Provides that under the loan program, the Commission shall provide low-interest loans to individuals who are unemployed and are enrolled at the community college in a skilled labor retraining program. Provides that if a borrower completes the skilled labor retraining program and works for a trade union for a minimum of 5 years thereafter, the Commission shall, subject to appropriation, award a grant to that person in an amount equal to the amount that the person borrowed under the loan program plus any interest incurred on the amount borrowed.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning education.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Higher Education Student Assistance Act is amended by adding Section 102 as follows:

(110 ILCS 947/102 new)

Sec. 102. Pilot loan program; Wilbur Wright College.

(a) Subject to appropriation, the Commission shall establish a pilot loan program for students enrolled at Wilbur Wright College in Community College District No. 508. Under the loan program, the Commission shall provide low-interest loans to individuals who are unemployed and are enrolled at the community college in a skilled labor retraining program. The Commission shall establish borrower eligibility requirements for the loans.

(b) If a borrower under the loan program completes the skilled labor retraining program and works for a trade union for a minimum of 5 years thereafter, the Commission shall, subject to appropriation, award a grant to that person in an amount equal to the amount that the person borrowed under the loan program plus any interest incurred on the amount borrowed.

(c) The Commission may adopt any rules necessary to carry out its responsibilities under this Section.