Illinois 93rd Regular Session Status: Passed House

HB 972 — COLLEGE SAVINGS POOL-TECH

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 93rd Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the State Treasurer Act. Makes a technical change in a Section concerning a college savings pool.

Bill Text

What changed in the latest version

7 added · 7 removed

Plain-language change summary

The latest version of Bill HB 972 shows changes where some content was removed and replaced with updated language. This type of revision usually aims to clarify the bill's intent or make it more effective in addressing the issues it targets. These adjustments are significant because they can impact how the bill is interpreted and enforced, ultimately affecting the people it aims to serve.

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093_HB0972 LRB093 05784 RCE 05877 b AN ACT concerning finance.
HB0972 Engrossed LRB093 05784 RCE 05877 b AN ACT concerning finance.
Participating financial institutions may charge a processing fee to participants to -2- LRB093 05784 RCE 05877 b open an account in the pool that shall not exceed $30 until the year 2001.
Participating financial institutions may charge a processing fee to participants to HB0972 Engrossed -2- LRB093 05784 RCE 05877 b open an account in the pool that shall not exceed $30 until the year 2001.
10% of the total amount of each account for which the current age of the beneficiary is less than 7 years of age, 20% of the total amount of each account for which the beneficiary is at -3- LRB093 05784 RCE 05877 b least 7 years of age and less than 12 years of age, and 50% of the total amount of each account for which the current age of the beneficiary is at least 12 years of age.
10% of the total amount of each account for which the current age of the beneficiary is less than 7 years of age, 20% of the total amount of each account for which the beneficiary is at HB0972 Engrossed -3- LRB093 05784 RCE 05877 b least 7 years of age and less than 12 years of age, and 50% of the total amount of each account for which the current age of the beneficiary is at least 12 years of age.
1088) and that are eligible to participate in Department of Education student aid -4- LRB093 05784 RCE 05877 b programs.
1088) and that are eligible to participate in Department of Education student aid HB0972 Engrossed -4- LRB093 05784 RCE 05877 b programs.
As soon thereafter as is possible following receipt of the Treasurer's report, the Illinois Student Assistance Commission shall, in turn, provide the Treasurer with an -5- LRB093 05784 RCE 05877 b electronic report listing those College Savings Pool participants who also participate in the State's prepaid tuition program, administered by the Commission.
As soon thereafter as is possible following receipt of the Treasurer's report, the Illinois Student Assistance Commission shall, in turn, provide the Treasurer with an HB0972 Engrossed -5- LRB093 05784 RCE 05877 b electronic report listing those College Savings Pool participants who also participate in the State's prepaid tuition program, administered by the Commission.
The rules shall provide whatever additional -6- LRB093 05784 RCE 05877 b parameters and restrictions are necessary to ensure that the College Savings Pool meets all of the requirements for a qualified state tuition program under Section 529 of the Internal Revenue Code (26 U.S.C.
The rules shall provide whatever additional HB0972 Engrossed -6- LRB093 05784 RCE 05877 b parameters and restrictions are necessary to ensure that the College Savings Pool meets all of the requirements for a qualified state tuition program under Section 529 of the Internal Revenue Code (26 U.S.C.
nor -7- LRB093 05784 RCE 05877 b shall contributions to the College Savings Pool reduce the amount of any scholarship, grant, or monetary assistance that the designated beneficiary is eligible to be awarded by the Illinois Student Assistance Commission, the State, or any agency thereof in accordance with the provisions of any State law.
nor HB0972 Engrossed -7- LRB093 05784 RCE 05877 b shall contributions to the College Savings Pool reduce the amount of any scholarship, grant, or monetary assistance that the designated beneficiary is eligible to be awarded by the Illinois Student Assistance Commission, the State, or any agency thereof in accordance with the provisions of any State law.
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Action History

  1. Session Sine Die

  2. Third Reading Deadline Extended - Rule 2-10, extended to January 11, 2005.

  3. Pursuant to Senate Rule 3-9(b) / Referred to Rules

  4. Third Reading Deadline Extended - Rule 2-10, to December 31, 2003.

  5. Placed on Calendar Order of 3rd Reading May 7, 2003

  6. Second Reading

  7. Placed on Calendar Order of 2nd Reading May 6, 2003

  8. Do Pass Executive; 007-004-000

  9. Assigned to Executive

  10. Referred to Rules

  11. First Reading

  12. Chief Senate Sponsor Sen. Emil Jones, Jr.

  13. Placed on Calendar Order of First Reading April 9, 2003

  14. Arrive in Senate

  15. Third Reading - Short Debate - Passed 070-043-004

  16. Placed on Calendar Order of 3rd Reading - Short Debate **

  17. Held on Calendar Order of Second Reading - Short Debate **

  18. Second Reading - Short Debate

  19. Placed on Calendar 2nd Reading - Short Debate **

  20. Do Pass / Short Debate Executive Committee; 010-000-000

  21. Assigned to Executive Committee

  22. Referred to Rules Committee

  23. First Reading

  24. Chief Co-Sponsor Rep. Jack D. Franks

  25. Chief Co-Sponsor Rep. Barbara Flynn Currie

  26. Filed with the Clerk by Rep. Michael J. Madigan

Sponsors

  • Michael J. Madigan · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on · 5 voted No

Sponsors (0)

None.

Co-sponsors (1)

  • Michael J. Madigan

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 70 Yea · 43 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 633904
Democrat 7200
Republican 0201
Total 704305
% of votes cast 59%36%0%4%
How each member voted (118)
Member Party Vote
Saviano — Yea
Schmitz — Yea
Scully — Yea
Soto — Yea
Lang — Yea
Lindner — Yea
Acevedo — Yea
Aguilar — Nay
Mathias — Nay
Beaubien — Yea
Bassi — Nay
Bellock — Nay
Berrios — Yea
Mautino — Yea
Biggins — Yea
Black — Yea
Boland — Yea
May — Nay
Bost — Yea
Brauer — Nay
Brosnahan — Yea
Mendoza — Yea
Franks — Nay
Froehlich — Nay
Hartke — Yea
Hassert — Yea
Jakobsson — Nay
Jefferson — Nay
Osterman — Yea
McAuliffe — Yea
McCarthy — Yea
McKeon — Yea
Meyer — Yea
Millner — Yea
Molaro — Yea
Morrow — Yea
Lyons, Eileen — Yea
Bailey — Yea
Lyons, Joseph — Yea
Mulligan — Yea
Reitz — Yea
Myers — Yea
McGuire — Yea
Washington — Yea
Bradley, Richard — Yea
Brady — Yea
Hannig — Yea
Mitchell, Bill — Yea
Burke — Yea
Howard — Yea
Capparelli — Yea
Colvin — Yea
Dunkin — Yea
Dunn — Yea
Flowers — Yea
Giles — Yea
Graham — Yea
Granberg — Yea
Hamos — Yea
Krause — Nay
Watson — Yea
Jones — Yea
Kurtz — Nay
Davis, Monique — Yea
Davis, Steve — Yea
Leitch — Nay
Madigan — Not Voting
Moffitt — Nay
Munson — Nay
Nekritz — Nay
Novak — Yea
O'Brien — Yea
Osmond — Nay
Mitchell, Jerry — Nay
Sullivan — Nay
Pankau — Nay
Parke — Not Voting
Phelps — Nay
Pihos — Nay
Slone — Nay
Sommer — Nay
Tenhouse — Nay
Turner — Not Voting
Verschoore — Nay
Churchill — Nay
Coulson — Nay
Cross — Yea
Cultra — Nay
Currie — Yea
Daniels — Yea
Eddy — Nay
Flider — Nay
Forby — Nay
Fritchey — Not Voting
Holbrook — Nay
Hultgren — Nay
Kosel — Yea
Wait — Nay
Winters — Yea
Wirsing — Yea
Yarbrough — Yea
Younge — Yea
Poe — Nay
Ryg — Nay
Sacia — Nay
Chapa LaVia — Nay
Eva-Dina Delgado Democrat Yea
Jay Hoffman Democrat Yea
Lakesia Collins Democrat Yea
Michael J. Kelly Democrat Yea
Nicholas K. Smith Democrat Yea
Patrick J. Joyce Democrat Nay
Robert "Bob" Rita Democrat Nay
Sara Feigenholtz Democrat Yea
William "Will" Davis Democrat Yea
Brad Stephens Republican Nay
Chapin Rose Republican Nay
Chris Miller Republican Not Voting

Official roll call →

Subjects

finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 972 do?
Amends the State Treasurer Act. Makes a technical change in a Section concerning a college savings pool.
Who sponsors HB 972?
HB 972 is sponsored by Michael J. Madigan.
What is the current status of HB 972?
This bill died with 93rd Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 972?
Track HB 972 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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