Bill Status of HB 4364   93rd General Assembly

Short Description:  PREPD TUITION-RM & BD COSTS

House Sponsors
Rep. Naomi D. Jakobsson-Robert F. Flider-Maria Antonia Berrios-Jack D. Franks, Robin Kelly and John E. Bradley

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
110 ILCS 979/5
110 ILCS 979/10
110 ILCS 979/15
110 ILCS 979/35
110 ILCS 979/45

Synopsis As Introduced
Amends the Illinois Prepaid Tuition Act. Provides that at the purchaser's option, the Illinois prepaid tuition program must cover an institution of higher education's room and board charges. Effective immediately.

 Fiscal Note (Illinois Student Assistance Commission)
 There would be a significant start-up cost to offering prepaid room and board contracts, estimated to be more than $350,000. Beyond the start-up phase, there would be indeterminate additional costs connected with annual administration of these contracts.

 Fiscal Note (Illinois Student Assistance Commission)
 It is difficult to fully quantify the administrative costs associated with this legislation, but there would be a significant start-up cost to offering prepaid room and board contracts, estimated to be more than $350,000. This estimate is comprised mostly of computer programming costs and the associated computer software and, to a lesser degree, hardware necessary to implement a record-keeping system parallel to that used for prepaid tuition contracts. Beyond the start-up phase, there also would be indeterminate additional costs connected with annual administration of these contracts. Those annual administrative costs will increase as the volume of contracts under management increases.

Actions 
DateChamber Action
  2/3/2004HouseFiled with the Clerk by Rep. Naomi D. Jakobsson
  2/3/2004HouseFirst Reading
  2/3/2004HouseReferred to Rules Committee
  2/11/2004HouseFiscal Note Filed
  2/19/2004HouseAdded Chief Co-Sponsor Rep. Maria Antonia Berrios
  2/19/2004HouseAdded Chief Co-Sponsor Rep. Jack D. Franks
  2/19/2004HouseAssigned to Higher Education Committee
  2/26/2004HouseAdded Chief Co-Sponsor Rep. Robert F. Flider
  3/2/2004HouseAdded Co-Sponsor Rep. Robin Kelly
  3/3/2004HouseAdded Co-Sponsor Rep. John E. Bradley
  3/4/2004HouseMotion Do Pass - Lost Higher Education Committee; 004-004-001
  3/4/2004HouseRemains in Higher Education Committee
  3/4/2004HouseRule 19(a) / Re-referred to Rules Committee
  3/22/2004HouseFiscal Note Filed
  1/11/2005HouseSession Sine Die

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