Date	Chamber	Action
1/7/2025	House	Session Sine Die

Statutes Amended In Order of Appearance

15 ILCS 505/16.11 new

Synopsis As Introduced
Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer the Education Scholarship Account as a qualified tuition program under Section 529 of the Internal Revenue Code. Provides that distributions from an account in the Education Scholarship Account may be used for the designated beneficiary's qualified expenses; defines "qualified expenses". Provides who may open an account under the Program. Provides that the Treasurer and the State Board of Education shall each cooperate in providing each other with account information, as necessary, to prevent contributions in excess of those necessary to provide for the qualified expenses of the designated beneficiary. Sets forth provisions concerning funds for the Program. Sets forth provisions concerning investment policies for the Account. Provides that the Treasurer shall work with the State Board of Education to coordinate the marketing of the Education Scholarship Account. Sets forth other provisions concerning administering the Education Scholarship Account Program. Provides for rulemaking.

Actions 

Date	Chamber	Action
2/9/2024	House	Filed with the Clerk by Rep. Tim Ozinga
2/9/2024	House	First Reading
2/9/2024	House	Referred to Rules Committee
1/7/2025	House	Session Sine Die

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