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IL HB6302

Bill

Official Source

Status

Passed

8/19/2016

Primary Sponsor

James Durkin

Click for details

Origin

House of Representatives

99th General Assembly

AI Summary

  • Amends the Illinois Prepaid Tuition Act to redefine "eligible institution" to mean any eligible educational institution as defined in Section 529 of the federal Internal Revenue Code of 1986 and its regulations.

  • Removes the previous definition of eligible institution that referenced the Higher Education Student Assistance Act and the Small Business Act of 1996.

  • Maintains existing definitions for Illinois public universities, Illinois community colleges, qualified beneficiaries, and contract-related terms.

  • Takes effect upon becoming law.

Legislative Description

PREPAID TUITION-INSTITUTION

Last Action

Public Act . . . . . . . . . 99-0842

8/19/2016

Committee Referrals

Higher Education5/4/2016
Assignments4/14/2016
Higher Education3/23/2016
Rules2/11/2016

Full Bill Text

No bill text available