92nd General Assembly
Summary of SB0267
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Senate Sponsors:
PHILIP.

House Sponsors:
MITCHELL,JERRY-BOST-CROSS-HARTKE-FOWLER

Short description: 
VEH CD-MARINE CORPS PLATES                                                 

Synopsis of Bill as introduced:
        Amends the Illinois Vehicle  Code  and  the  State  Finance  Act.      
   Provides  for  the  issuance  of  U.S.  Marine Corps license plates to      
   Illinois residents who meet eligibility requirements to be  prescribed      
   by  the  Secretary  of  State.   Provides  that  an applicant shall be      
   charged an additional fee of $20 at  original  issuance  and  renewal.      
   Provides  that  $15 of the original issuance fee and $2 of the renewal      
   fee shall be deposited into the Secretary  of  State  Special  License      
   Plate  Fund.  Provides that $5 of the original issuance fee and $18 of      
   the renewal fee shall be deposited into the Marine  Corps  Scholarship      
   Fund.   Creates the Marine Corps Scholarship Fund as a special fund in      
   the State treasury.  Provides that  all  moneys  in  the  Fund  shall,      
   subject  to  appropriation,  be  used  for grants for scholarships for      
   Illinois residents who are children of members of  the  United  States      
   Marine   Corps  and  are  financially  unable  to  attend  college  or      
   university.  Provides that all grants must be used  at  a  college  or      
   university in Illinois.                                                     
        SENATE AMENDMENT NO. 1.                                                
        Deletes language concerning the use of moneys in the Marine Corps      
   Scholarship Fund and reinserts that language with changes. Provides         
   that all moneys in the Fund shall be used by the Marine Corps Scholar-      
   ship Foundation, Inc., to provide grants for scholarships for higher        
   education to children of current or former Marines who meet require-        
   ments established by the foundation and who are Illinois residents or       
   are pursuing higher education at institutions within the State of           
   Illinois. Provides that the State Treasurer shall require the Marine        
   Corps Scholarship Foundation to establish a special account for the         
   proceeds of the fund, which is subject to periodic audit and which          
   shall receive transfers of proceeds on a quarterly basis.                   
        SENATE AMENDMENT NO. 2.                                                
        Deletes language concerning the use of moneys in the Marine            
   Corps Scholarship Fund and reinserts that language with changes.            
   Provides that each scholarship  recipient  must  be  an  Illinois           
   resident  and  must  attend a college or university located within the      
   State of Illinois. Provides that  use  of  the  funds  is  subject  to      
   appropriation  by  the  General  Assembly  and  the  approval  of  the      
   Secretary of State.                                                         
 
Last action on Bill: PUBLIC ACT.............................. 92-0467

   Last action date: AUG-22-2001

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   2


   END OF INQUIRY 



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