HB 4625 Illinois House · 101st Regular Session

TREASURER-COLLEGE SAVINGS POOL

Summary
Amends the State Treasurer Act. Modifies provisions concerning the College Savings Pool. Provides that the State Treasurer, in administering the College Savings Pool, may, among other actions, perform any other action he or she deems necessary to administer the Pool. Provides that the State Treasurer may delegate duties related to the College Savings Pool to one or more contractors. Provides that any fees, costs, and expenses related to the College Savings Pool shall be paid from the assets of the College Savings Pool. Provides further requirements concerning fees of the College Savings Pool. Modifies provisions concerning investment restrictions, distributions, and contributions of the College Savings Pool. Removes provisions requiring the maintenance of specified records. Modifies defined terms. Makes conforming and other changes. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2020
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2020 Last action Jun 23, 2020
Floor votes

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Full legislative history

Actions timeline

Total actions
10
Key actions
1
Committee
4
Jun 23, 2020
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Feb 26, 2020
Lower · Passed
Do Pass / Short Debate State Government Administration Committee; 009-000-000
lower
Feb 18, 2020
Committee
Assigned to State Government Administration Committee
lower
Feb 5, 2020
Committee
Referred to Rules Committee
lower
0 primary · 2 co-sponsors

Sponsors

No sponsor information available.