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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB1304 Introduced , by Rep. Robert F Martwick SYNOPSIS AS INTRODUCED:
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Amends the Higher Education Student Assistance Act. Subject to appropriation, requires the Illinois Student Assistance Commission to establish a pilot loan program for students enrolled at Wilbur Wright College in Community College District No. 508. Provides that under the loan program, the Commission shall provide low-interest loans to individuals who are unemployed and are enrolled at the community college in a skilled labor retraining program. Provides that if a borrower completes the skilled labor retraining program and works for a trade union for a minimum of 5 years thereafter, the Commission shall, subject to appropriation, award a grant to that person in an amount equal to the amount that the person borrowed under the loan program plus any interest incurred on the amount borrowed.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB1304 | | LRB098 03803 NHT 33819 b |
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| 1 | | AN ACT concerning education.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Higher Education Student Assistance Act is |
| 5 | | amended by adding Section 102 as follows:
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| 6 | | (110 ILCS 947/102 new) |
| 7 | | Sec. 102. Pilot loan program; Wilbur Wright College. |
| 8 | | (a) Subject to appropriation, the Commission shall |
| 9 | | establish a pilot loan program for students enrolled at Wilbur |
| 10 | | Wright College in Community College District No. 508. Under the |
| 11 | | loan program, the Commission shall provide low-interest loans |
| 12 | | to individuals who are unemployed and are enrolled at the |
| 13 | | community college in a skilled labor retraining program. The |
| 14 | | Commission shall establish borrower eligibility requirements |
| 15 | | for the loans. |
| 16 | | (b) If a borrower under the loan program completes the |
| 17 | | skilled labor retraining program and works for a trade union |
| 18 | | for a minimum of 5 years thereafter, the Commission shall, |
| 19 | | subject to appropriation, award a grant to that person in an |
| 20 | | amount equal to the amount that the person borrowed under the |
| 21 | | loan program plus any interest incurred on the amount borrowed. |
| 22 | | (c) The Commission may adopt any rules necessary to carry |
| 23 | | out its responsibilities under this Section.
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