92nd General Assembly
Status of HB0841
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   110 ILCS 979/45                                                             

        Amends the Illinois Prepaid Tuition  Act.   Removes  a  provision      
   that  provides  that  if a qualified beneficiary is awarded a grant or      
   scholarship, then the amount of money returned to the purchaser  shall      
   equal the original purchase price plus 2% interest compounded annually      
   if  that amount is less than the current cost of tuition and mandatory      
   fees at the MAP-eligible institution where the  qualified  beneficiary      
   is  enrolled.   Provides  that if a qualified beneficiary is awarded a      
   grant or scholarship while enrolled at either a MAP-eligible nonpublic      
   institution of higher education  or  an  eligible  public  or  private      
   out-of-state  higher  education  institution, then the amount of money      
   returned to  the  purchaser  shall  not  exceed  the  current  average      
   mean-weighted  credit  hour  value  of the registration fees purchased      
   under the contract.  Makes other changes.  Effective immediately.           
   FEB-07-2001  H  FILED WITH CLERK                                               
   FEB-07-2001  H  FIRST READING                                                  
   FEB-07-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-15-2001  H       ASSIGNED TO COMMITTEE               HIGHER ED             
   FEB-23-2001  H  DO PASS/SHORT DEBATE                     013-000-000   HHED    
   FEB-23-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   FEB-27-2001  H  SECOND READING-SHORT DEBATE                                    
   FEB-27-2001  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   MAR-27-2001  H  THIRD READING/SHORT DEBATE/PASSED        117-000-000           
   MAR-28-2001  S  ARRIVE IN SENATE                                               
   MAR-28-2001  S  PLACED CALENDAR ORDER OF FIRST READING   01-03-29              
   MAR-29-2001  S  CHIEF SPONSOR                            WATSON                
   MAR-29-2001  S  FIRST READING                                                  
   MAR-29-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   APR-06-2001  S       ASSIGNED TO COMMITTEE               EDUCATION             
   APR-18-2001  S                                 POSTPONED                       
   APR-25-2001  S       DO PASS                             009-000-000   SESE    
   APR-25-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-04-26              
   MAY-01-2001  S  SECOND READING                                                 
   MAY-01-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-05-02              
   MAY-03-2001  S  THIRD READING - PASSED                   051-001-000           
   MAY-03-2001  H  PASSED BOTH HOUSES                                             
   JUN-01-2001  H  SENT TO THE GOVERNOR                                           
   JUL-26-2001  H  GOVERNOR APPROVED                                              
   JUL-26-2001  H                            EFFECTIVE DATE 01-07-26              
   JUL-26-2001  H  PUBLIC ACT.............................. 92-0165               


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