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<xml>
<title>Illinois General Assembly - Bill Status for HB 5599   </title>
<shortdesc>ILL PREPAID TUITION TRUST FUND</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jim Durkin-Darlene J. Senger-Kent Gaffney-Chad Hays-Jim Sacia, Kay Hatcher, John D. Cavaletto, Robert W. Pritchard and Patricia R. Bellock</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>110 ILCS 979/35</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Prepaid Tuition Act. Provides that the Illinois Student Assistance Commission, in investing amounts in the Illinois Prepaid Tuition Trust Fund, shall abide by the same requirements that investment companies and management companies are required to abide by under Sections 30 and 32 of the federal Investment Company Act of 1940, related rules of the U.S. Securities and Exchange Commission, and related federal case law, with references to the U.S. Securities and Exchange Commission meaning the State Treasurer and references to an investment company or management company meaning the Commission. Authorizes the State Treasurer to adopt any rules necessary to implement these provisions. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jim Durkin</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Darlene J. Senger</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Kent Gaffney</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Chad Hays</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Jim Sacia</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kay Hatcher</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. John D. Cavaletto</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Robert W. Pritchard</action>
<statusdate>2/28/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Patricia R. Bellock</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

