HB3498ham001 100TH GENERAL ASSEMBLY

Rep. Thaddeus Jones

Filed: 3/24/2017

10000HB3498ham001 LRB100 10248 SMS 24235 a

AMENDMENT TO HOUSE BILL 3498

AMENDMENT NO. ______. Amend House Bill 3498 by replacing everything after the enacting clause with the following:

"Section 5. The State Finance Act is amended by adding Section 5.878 as follows:

(30 ILCS 105/5.878 new)

Sec. 5.878. The Community College Free Tuition Trust Fund.

Section 10. The Public Community College Act is amended by adding Section 2-26 as follows:

(110 ILCS 805/2-26 new)

Sec. 2-26. Integrated Career and Academic Preparation Free Tuition Program.

(a) As used in this Section, "eligible student" means a student that is working to complete his or her high school equivalency and is co-enrolled in credit-bearing career and technical education courses or certificate programs that are delivered through an integrated education and training instructional model as established by the State Board.

(b) Subject to appropriation from the Community College Free Tuition Trust Fund, the State Board shall establish and administer the Integrated Career and Academic Preparation Free Tuition Program, a grant program that provides community colleges with tuition and universal fee payments for eligible students enrolled in the community college.

(c) The amount of a grant shall cover the costs of tuition and universal fees for eligible students. The grant only reimburses the college at the in-district tuition rate. Grant funds received for an eligible student under the Integrated Career and Academic Preparation Free Tuition Program must not be reduced by the receipt of other financial aid from any source by the student. However, a college may not receive a grant for a student pursuant to this Section if, when the grant amount is added to other financial aid received by that student, the total assistance the student receives exceeds the estimated cost to the student of attending the community college in which he or she is enrolled.

(d) If the amount appropriated for grants is less than the amount determined necessary to cover the cost of tuition and mandatory fees for all eligible students, the grants shall be proportionately reduced accordingly. In cases where the appropriation is insufficient to cover calculated costs, a community college district is not required to forgive any remaining account balance of an eligible student.

(e) The State Board shall determine the amount to be collected from every bank under the Illinois Banking Act and credit union under the Illinois Credit Union Act that shall be deposited into the Community College Free Tuition Trust Fund, a special fund in the State treasury. Moneys in the Community College Free Tuition Trust Fund shall be used to make payments to Illinois community colleges under this Section.

(f) The State Board shall adopt rules necessary to administer the program.

Section 15. The Illinois Banking Act is amended by adding Section 48.7 as follows:

(205 ILCS 5/48.7 new)

Sec. 48.7. Payments to the Community College Free Tuition Trust Fund. Every bank subject to the provisions of this Act shall pay into the Community College Free Tuition Trust Fund as provided in Section 2-26 of the Public Community College Act.

Section 20. The Illinois Credit Union Act is amended by adding Section 54.5 as follows:

(205 ILCS 305/54.5 new)

Sec. 54.5. Payments to the Community College Free Tuition Trust Fund. Every credit union subject to the provisions of this Act shall pay into the Community College Free Tuition Trust Fund as provided in Section 2-26 of the Public Community College Act.".