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HB 5323 Illinois House · 98th Regular Session

HIGHER ED-PAY IT FORWARD

Summary
Creates the Pay It Forward, Pay It Back Act. Establishes a program to provide loans to eligible students to attend an institution of higher learning in this State that are to be repaid, in part, according to the income of the student borrowers. Sets forth the Pay It Forward, Pay It Back Program Fund where moneys in the fund shall be kept for the sole purpose of awarding program loans under the Act. Provides that the Department of Revenue shall administer the program and by rule develop the loan application process. Sets forth provisions governing loan repayment. Requires the Department to submit an annual report to the General Assembly. Amends the State Finance Act to create the Pay It Forward, Pay It Back Program Fund. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Mar 2014
Committee Review
May 2014
House Passage
May 2014
Senate Passage
May 2014
Signed into Law
Aug 2014
Introduced Mar 5, 2014 Signed Aug 15, 2014
Floor votes · Senate May 23, 2014 · House Mar 5, 2014

How they voted

44–0
Passed · 3 other
Total votes 47
May 23, 2014
D Democratic30
27 Yea 3
90% Yea
R Republican17
17 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
50
Key actions
7
Committee
8
Amendments
2
Aug 15, 2014
Signed into law
Governor Approved
lower
May 23, 2014
Lower · Passed
Passed Both Houses
lower
May 13, 2014
Upper · Passed
Do Pass Higher Education; 009-000-000
upper
May 1, 2014
Committee
Assigned to Higher Education
upper
Mar 6, 2014
Committee
Referred to Assignments
upper
Mar 5, 2014
Introduced
Arrive in Senate
upper
Mar 5, 2014
House · Passed
House Vote: pass (95-0-4)
house
Feb 26, 2014
Lower · Passed
Do Pass as Amended / Short Debate Higher Education Committee; 013-000-000
lower
Feb 26, 2014
Lower · Passed
House Committee Amendment No. 1 Adopted in Higher Education Committee; by Voice Vote
lower
Feb 24, 2014
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Higher Education Committee
lower
Feb 20, 2014
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Feb 20, 2014
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Jack D. Franks
lower
Feb 20, 2014
Committee
Assigned to Higher Education Committee
lower
Feb 10, 2014
Committee
Referred to Rules Committee
lower
0 primary · 3 co-sponsors

Sponsors

No sponsor information available.