Full Text of SB1967 97th General Assembly
SB1967ham006 97TH GENERAL ASSEMBLY | Rep. Kenneth Dunkin Filed: 5/2/2012
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| 1 | | AMENDMENT TO SENATE BILL 1967
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 1967, AS AMENDED, | 3 | | by replacing everything after the enacting clause with the | 4 | | following:
| 5 | | "Section 5. The Higher Education Student Assistance Act is | 6 | | amended by changing Section 35 as follows:
| 7 | | (110 ILCS 947/35)
| 8 | | Sec. 35. Monetary award program.
| 9 | | (a) The Commission shall, each year, receive and consider | 10 | | applications
for grant assistance under this Section. Subject | 11 | | to a separate
appropriation for such purposes, an applicant is | 12 | | eligible for a grant under
this Section when the Commission | 13 | | finds that the applicant:
| 14 | | (1) is a resident of this State and a citizen or | 15 | | permanent resident
of the United States; and
| 16 | | (2) in the absence of grant assistance, will be |
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| 1 | | deterred by
financial considerations from completing an | 2 | | educational program at the
qualified institution of his or | 3 | | her choice.
| 4 | | (b) The Commission shall award renewals only upon the | 5 | | student's application
and upon the Commission's finding that | 6 | | the applicant:
| 7 | | (1) has remained a student in good standing;
| 8 | | (2) remains a resident of this State; and
| 9 | | (3) is in a financial situation that continues to | 10 | | warrant assistance.
| 11 | | (c) All grants shall be applicable only to tuition and | 12 | | necessary fee costs. The Commission shall determine the grant
| 13 | | amount for each student, which shall not exceed the smallest of
| 14 | | the following amounts:
| 15 | | (1) subject to appropriation, $5,468 for fiscal year | 16 | | 2009, $5,968 for fiscal year 2010, and $6,468 for fiscal | 17 | | year 2011 and each fiscal year thereafter, or such lesser | 18 | | amount as
the Commission finds to be available, during an | 19 | | academic year;
| 20 | | (2) the amount which equals 2 semesters or 3 quarters | 21 | | tuition
and other necessary fees required generally by the | 22 | | institution of all
full-time undergraduate students; or
| 23 | | (3) such amount as the Commission finds to be | 24 | | appropriate in view of
the applicant's financial | 25 | | resources.
| 26 | | Subject to appropriation, the maximum grant amount for |
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| 1 | | students not subject to subdivision (1) of this subsection (c) | 2 | | must be increased by the same percentage as any increase made | 3 | | by law to the maximum grant amount under subdivision (1) of | 4 | | this subsection (c). | 5 | | "Tuition and other necessary fees" as used in this Section | 6 | | include the
customary charge for instruction and use of | 7 | | facilities in general, and the
additional fixed fees charged | 8 | | for specified purposes, which are required
generally of | 9 | | nongrant recipients for each academic period for which the | 10 | | grant
applicant actually enrolls, but do not include fees | 11 | | payable only once or
breakage fees and other contingent | 12 | | deposits which are refundable in whole or in
part. The | 13 | | Commission may prescribe, by rule not inconsistent with this
| 14 | | Section, detailed provisions concerning the computation of | 15 | | tuition and other
necessary fees.
| 16 | | (d) No applicant, including those presently receiving | 17 | | scholarship
assistance under this Act, is eligible for monetary | 18 | | award program
consideration under this Act after receiving a | 19 | | baccalaureate degree or
the equivalent of 135 semester credit | 20 | | hours of award payments.
| 21 | | (e) The Commission, in determining the number of grants to | 22 | | be offered,
shall in no instance assume greater monetary award | 23 | | program funding than the program received during the previous | 24 | | fiscal year. The Commission
shall also, in determining the | 25 | | number of grants to be offered, take into consideration past | 26 | | experience with the rate of grant funds
unclaimed by |
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| 1 | | recipients. The Commission shall notify applicants that grant
| 2 | | assistance is contingent upon the availability of appropriated | 3 | | funds.
| 4 | | (e-5) In the event that appropriations in any fiscal year | 5 | | prove insufficient to fulfill those monetary award program | 6 | | grants awarded by the Commission through notification, the | 7 | | Commission shall utilize necessary prorating equally between | 8 | | the fall and spring academic semesters. | 9 | | (f) The Commission may request appropriations for deposit | 10 | | into the
Monetary Award Program Reserve Fund. Monies deposited | 11 | | into the Monetary Award
Program Reserve Fund may be expended | 12 | | exclusively for one purpose: to make
Monetary Award Program | 13 | | grants to eligible students. Amounts on deposit in the
Monetary | 14 | | Award Program Reserve Fund may not exceed 2% of the current | 15 | | annual
State appropriation for the Monetary Award Program.
| 16 | | The purpose of the Monetary Award Program Reserve Fund is | 17 | | to enable the
Commission each year to assure as many students | 18 | | as possible of their
eligibility for a Monetary Award Program | 19 | | grant and to do so before commencement
of the academic year. | 20 | | Moneys deposited in this Reserve Fund are intended to
enhance | 21 | | the Commission's management of the Monetary Award Program, | 22 | | minimizing
the necessity, magnitude, and frequency of | 23 | | adjusting award amounts and ensuring
that the annual Monetary | 24 | | Award Program appropriation can be fully utilized.
| 25 | | (g) The Commission shall determine the eligibility of and | 26 | | make grants to
applicants enrolled at qualified for-profit |
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| 1 | | institutions in accordance with the
criteria set forth in this | 2 | | Section. The eligibility of applicants enrolled at
such | 3 | | for-profit institutions shall be limited as follows:
| 4 | | (1) Beginning with the academic year 1997, only to | 5 | | eligible first-time
freshmen and
first-time transfer | 6 | | students who have attained an associate degree.
| 7 | | (2) Beginning with the academic year 1998, only to | 8 | | eligible freshmen
students,
transfer students who have | 9 | | attained an associate degree, and students who
receive a | 10 | | grant under paragraph (1) for the academic year 1997 and | 11 | | whose grants
are being renewed for the academic year 1998.
| 12 | | (3) Beginning with the academic year 1999, to all | 13 | | eligible students.
| 14 | | (Source: P.A. 95-917, eff. 8-26-08 .)
| 15 | | Section 99. Effective date. This Act takes effect July 1, | 16 | | 2012.".
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