90th General Assembly
Summary of SB0763
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Short description: 
ISAC-INCREASE MONETARY AWARDS                                              

Synopsis of Bill as introduced:
        Amends the Higher Education Student  Assistance  Act.   Increases      
   the  maximum  monetary award program grant for full-time undergraduate      
   students to $4,120  (from  $4,000)  and  for  part-time  undergraduate      
   students to $2,060 (from $2,000). Effective July 1, 1997.                   
          STATE DEBT IMPACT NOTE, ENGROSSED                                    
          No impact on the level of State debt.                                
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          110 ILCS 947/35                                                      
          Adds reference to:                                                   
          820 ILCS 405/1900               from Ch. 48, par. 640                
        Changes the title, deletes everything after the enacting  clause,      
   and  adds provisions amending the Unemployment Insurance Act. Replaces      
   a reference to the "State Scholarship Commission" with a reference  to      
   the "Illinois Student Assistance Commission".  In provisions requiring      
   the Department of Employment Security to make available to the Illi-        
   nois Student Assistance Commission information that may be necessary        
   or useful in the collection of defaulted or delinquent student loans,       
   deletes  language  limiting the information to the names and addresses      
   of a borrower's employers. Adds an immediate effective date.                
        HOUSE AMENDMENT NO. 2.                                                 
          Adds reference to:                                                   
          225 ILCS 455/18.4 new                                                
          225 ILCS 455/36.11a new                                              
        Adds provisions amending the Real Estate  License  Act  of  1983.      
   Authorizes  the Commissioner of Banks and Real Estate to deny issuance      
   or renewal of a license or  certificate  and,  after  opportunity  for      
   hearing,  to  suspend  or  revoke  a license or certificate of persons      
   subject to that Act who default on an educational loan or  scholarship      
   provided  or  guaranteed by the Illinois Student Assistance Commission      
   and who have not established a satisfactory repayment record.               
        HOUSE AMENDMENT NO. 3.                                                 
          Adds reference to:                                                   
          110 ILCS 947/38 new                                                  
        Adds provisions amending the Higher Education Student  Assistance      
   Act.   Requires  the  Illinois Student Assistance Commission to assess      
   the educational persistence and academic  success  of  monetary  award      
   program  recipients.   Provides  that  an  assessment is to include an      
   analysis of such factors as undergraduate  educational  goals,  chosen      
   field  of  study, retention rates, expected time to complete a degree,      
   grade point average,  academic  progress,  and  credit  hours  earned.      
   Provides  that  each  analysis  should  consider  student class level,      
   dependency types, and type of higher education  institution  attended.      
   Requires the Commission to report its findings to the General Assembly      
   and Board of Higher Education by February 1, 1999 and at least every 2      
   years thereafter.                                                           
          FISCAL NOTE, H-AM'S 1-3 (Ill. Student Assistance Comm.)              
          SB 763, amended by H-am's 1-3 have no discernable fiscal impact      
          on state revenues.                                                   
          STATE MANDATES FISCAL NOTE, AMENDED (Community College Bd.)          
          SB 763 creates no state mandate and has no fiscal impact.            
          FISCAL NOTE, AMENDED (Ill. Community College Bd.)                    
          SB 763 has no fiscal impact.                                         
Last action on Bill: PUBLIC ACT.............................. 90-0488

   Last action date: 97-08-17

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   3     SENATE -   0


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