NURSE EDUCATR-SCHOLARSHIP FUND

Amends the Nursing Education Scholarship Law. Creates the Nurse Educator Scholarship Fund as a special fund in the State treasury. Provides that all money in the Nurse Educator Scholarship Fund shall be used, subject to appropriation, by the Department of Public Health to provide scholarships to nurse educators. Provides that each fiscal year, beginning July 1, 2024, the State Comptroller shall transfer $1,500,000 from the General Revenue Fund to the Nurse Educator Scholarship Fund to implement the nurse educator scholarship provisions. Makes a conforming change in the State Finance Act. Amends the Nurse Practice Act. Provides that, for fiscal year 2024 and for each fiscal year thereafter, $6,000,000 (instead of $4,000,000) of the moneys deposited in the Nursing Dedicated and Professional Fund each year shall be set aside and appropriated to the Illinois Student Assistance Commission for nursing scholarships awarded pursuant to the Nursing Education Scholarship Law. Effective immediately.