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Public Act 094-1006
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| SB2931 Enrolled |
LRB094 17140 BDD 54434 b |
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Department of Commerce and Economic |
Opportunity Law of the
Civil Administrative Code of Illinois is |
amended by adding Section 605-430 as follows:
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(20 ILCS 605/605-430 new) |
Sec. 605-430. Lifelong learning accounts; pilot program. |
(a) The Department may establish and maintain a pilot |
program to provide for and test the use of lifelong learning |
accounts for workers in the State's healthcare sector. For the |
purposes of this Section, "lifelong learning account" means an |
individual asset account held by a trustee, custodian, or |
fiduciary approved by the Department on behalf of a healthcare |
employee, the moneys in which may be used only to pay education |
expenses incurred by or on behalf of the account owner. |
(b) The Department, if administering a program under this |
Section: |
(1) may serve up to 500 healthcare workers; |
(2) must encourage the participation, in the program, |
of lower-income and lower-skilled healthcare workers; |
(3) must implement the program in diverse geographic |
and economic areas and include healthcare workers in urban, |
suburban, and rural areas of the State; |
(4) must include, in the program, healthcare employers |
of different sizes that choose to participate in the |
program; |
(5) must provide matching grants in an amount, not to |
exceed $500 annually for each grant, equal to 50% of the |
annual aggregate contribution made by an employer and |
employee to the employee's lifelong learning account; |
(6) must make technical assistance available to |
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