Illinois General Assembly - Full Text of SB0170
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Full Text of SB0170  97th General Assembly

SB0170avm001 97TH GENERAL ASSEMBLY

 


 
SB0170AVM001LRB097 04012 JDS 57723 v


 
1
MOTION

 
2     I move to accept the specific recommendations of the
3Governor as to Senate Bill 170 in manner and form as follows:
4
AMENDMENT TO SENATE BILL 170
5
IN ACCEPTANCE OF GOVERNOR'S RECOMMENDATIONS
6     Amend Senate Bill 170 on pages 11 and 12, by replacing
7line 20 on page 11 through line 3 on page 12 with the
8following:
9    "(l-5) Establish a locally held account (referred to as the
10Account) to hold, maintain and administer the
11Therkelsen/Hansen College Loan Fund (referred to as the Fund).
12All cash represented by the Fund shall be transferred from the
13State Treasury to the Account. The Department shall promulgate
14rules regarding the maintenance and use of the Fund and all
15interest earned thereon; the eligibility of potential
16borrowers from the Fund; and the awarding and repayment of
17loans from the Fund; and other rules as applicable regarding
18the Fund. The administration of the Fund and the promulgation
19of rules regarding the Fund shall be consistent with the will
20of Petrea Therkelsen, which establishes the Fund.".
 
21Date: _________________, 2011     ___________________________