SCHOOL-AS-LENDER CONTRACTS
Summary
Creates the School-As-Lender Contracts Prohibition Act. Prohibits a public university in Illinois that offers graduate courses from entering into a school-as-lender contract with a private lending institution, but allows the university to maintain its Direct Loan Programs. Provides that any university that violates the Act shall forfeit $8.91 of State funding for every $100 loaned to the university through a school-as-lender contract.
Bill status
failed
1 of 4 stages cleared
Introduction
Sep 2005
Committee Review
Floor Vote
Governor
Introduced Sep 26, 2005
Last action Jan 9, 2007
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
19
Key actions
0
Committee
1
Jan 9, 2007
House · Failed
Session Sine Die
Oct 19, 2005
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Jack D. Franks
DDemocratic
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