LIGHTFORD. New Act Creates the Illinois Opportunity Scholarship Act to be administered by the Illinois Student Assistance Commission. Provides for the award, beginning with the 2002-2003 academic year, of undergraduate scholarship awards, renewable for up to 4 years, for use at institutions of higher education located in the State. Establishes criteria for the initial award and for renewal of the scholarships. Provides that the annual amount of a scholarship shall be equal to the tuition and mandatory fees for a full-time undergraduate student at the institution of higher education at which the scholarship recipient is enrolled, not to exceed the equivalent expense for such a full-time undergraduate, in-state student at the University of Illinois, plus a $200 book allowance. Effective January 1, 2002. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-21-2001 S ASSIGNED TO COMMITTEE EDUCATION FEB-28-2001 S TO SUBCOMMITTEE FEB-28-2001 S COMMITTEE EDUCATION MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary