Senate Sponsors: CRONIN. House Sponsors: WINKEL Short description: H ED STU ASSIST-COL-UNIV FUND Synopsis of Bill as introduced: Amends the Higher Education Student Assistance Act and the Illinois Vehicle Code. Makes changes concerning who determines the amount of a grant under the higher education license plate grant program, the maximum number of academic terms for which a student can receive a minority teacher scholarship, the length of time for which a recipient of a minority teacher scholarship pledges to teach, the interest rate at which a recipient of a minority teacher scholarship repays the amount if he or she fails to fulfill his or her teaching obligation, where a recipient of a minority teacher scholarship may seek employment, the circumstances under which a recipient of a minority teacher scholarship is not required to commence repayment, where a recipient of a David A. DeBolt Teacher Shortage Scholarship may fulfill his or her teaching obligation, and how many terms for which tuition and fees are paid under police officer or fire officer survivor grants and grants for dependents of Department of Corrections employees. Provides that the moneys in the State College and University Trust Fund shall be appropriated to the Illinois Student Assistance Commission instead of the Board of Higher Education. SENATE AMENDMENT NO. 1. For the higher education license plate grant program, provides that the private college or university (instead of the Illinois Student Assistance Commission) makes the finding that the applicant is eligible for a grant. SENATE AMENDMENT NO. 2. Deletes reference to: 625 ILCS 5/3-629 Restores current law to provide that moneys in the State College and University Trust Fund shall be appropriated to the Board of Higher Education (instead of the Illinois Student Assistance Commission). HOUSE AMENDMENT NO. 1. Adds reference to: 110 ILCS 947/113 new Further amends the Higher Education Student Assistance Act. Requires the Illinois Student Assistance Commission to create the Federal Student Loan Fund, the Student Loan Operating Fund, and the Federal Reserve Recall Fund. Provides that, at the request of the Commission's Executive Director, the Comptroller shall transfer funds, as necessary, from the Student Assistance Commission Student Loan Fund into these new funds. Provides that on or before August 31, 1999, the Commission's Executive Director shall request the Comptroller to transfer all funds from the Student Assistance Commission Student Loan Fund into any of the new funds. Provides that on September 1, 1999, the Student Assistance Commission Student Loan Fund is abolished. Provides that any future liabilities of this abolished fund shall be assignable to the appropriate fund created as one of its successors. Adds a July 1, 1999 effective date. GOVERNOR'S AMENDATORY VETO MESSAGE Recommends that the date on or before which the Illinois Student Assistance Commission's Executive Director is required to request the transfer of all funds from the Student Assistance Commission Student Loan Fund be changed from August 31, 1999 to August 31, 2000. Recommends that the date the Fund is abolished be changed from September 1, 1999 to September 1, 2000. Last action on Bill: PUBLIC ACT.............................. 91-0670 Last action date: 99-12-22 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 2 END OF INQUIRY Full Text Bill Status