COWLISHAW. (WATSON) 110 ILCS 979/45 Amends the Illinois Prepaid Tuition Act. Removes a provision that provides that if a qualified beneficiary is awarded a grant or scholarship, then the amount of money returned to the purchaser shall equal the original purchase price plus 2% interest compounded annually if that amount is less than the current cost of tuition and mandatory fees at the MAP-eligible institution where the qualified beneficiary is enrolled. Provides that if a qualified beneficiary is awarded a grant or scholarship while enrolled at either a MAP-eligible nonpublic institution of higher education or an eligible public or private out-of-state higher education institution, then the amount of money returned to the purchaser shall not exceed the current average mean-weighted credit hour value of the registration fees purchased under the contract. Makes other changes. Effective immediately. FEB-07-2001 H FILED WITH CLERK FEB-07-2001 H FIRST READING FEB-07-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-15-2001 H ASSIGNED TO COMMITTEE HIGHER ED FEB-23-2001 H DO PASS/SHORT DEBATE 013-000-000 HHED FEB-23-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE FEB-27-2001 H SECOND READING-SHORT DEBATE FEB-27-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAR-27-2001 H THIRD READING/SHORT DEBATE/PASSED 117-000-000 MAR-28-2001 S ARRIVE IN SENATE MAR-28-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-03-29 MAR-29-2001 S CHIEF SPONSOR WATSON MAR-29-2001 S FIRST READING MAR-29-2001 S REFERRED TO SENATE RULES COMMITTEE RULES APR-06-2001 S ASSIGNED TO COMMITTEE EDUCATION APR-18-2001 S POSTPONED APR-25-2001 S DO PASS 009-000-000 SESE APR-25-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-04-26 MAY-01-2001 S SECOND READING MAY-01-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-05-02 MAY-03-2001 S THIRD READING - PASSED 051-001-000 MAY-03-2001 H PASSED BOTH HOUSES JUN-01-2001 H SENT TO THE GOVERNOR JUL-26-2001 H GOVERNOR APPROVED JUL-26-2001 H EFFECTIVE DATE 01-07-26 JUL-26-2001 H PUBLIC ACT.............................. 92-0165 END OF INQUIRY Full Text Bill Summary