CARROLL. New Act Creates the Illinois Opportunity Scholarship Act to be administered by the Illinois Student Assistance Commission beginning with the 1999-2000 academic year. Provides for the undergraduate scholarship awards for use at institutions of higher education located in the State. The maximum annual amount of a scholarship shall be equal to the tuition and mandatory fees for a full-time undergraduate, in-state student at the University of Illinois plus a $200 book allowance. Provides that the annual amount of the scholarship shall be based on a graduated rate of annual family income up to a maximum family income of $75,000. Effective January 1, 1999. 98-02-20 S FIRST READING 98-02-20 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary