House Sponsors: KURTZ. Senate Sponsors: CRONIN Short description: TRANSFER TO STU LOAN OPER FUND Synopsis of Bill as introduced: Amends the Higher Education Student Assistance Act. Provides that at the request of the Executive Director of the Illinois Student Assistance Commission, the Comptroller shall transfer funds from the Federal Student Loan Fund into the Student Loan Operating Fund. Effective immediately. HOUSE AMENDMENT NO. 1. Adds reference to: 110 ILCS 947/77 new 30 ILCS 105/5.545 new Amends the Higher Education Student Assistance Act and the State Finance Act. Provides that all gifts, grants, or donations of money received by the Illinois Student Assistance Commission must be deposited into the Illinois Student Assistance Commission Contracts and Grants Fund, a special fund created in the State treasury. Allows moneys in the Fund to be used by the Commission, subject to appropriation, for support of the Commission's student assistance outreach activities. These provisions effective July 1, 2001. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status