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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB2854 Introduced , by Rep. Natalie A Manley SYNOPSIS AS INTRODUCED:
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Amends the Department of Commerce and Economic Opportunity Law of the
Civil Administrative Code of Illinois. Requires the Department to establish a lifelong learning program to allow employees, with the support of their employers, to create educational savings accounts that may be used to fund approved education and training.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB2854 | | LRB098 07729 HLH 37807 b |
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| 1 | | AN ACT concerning State government.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Department of Commerce and Economic |
| 5 | | Opportunity Law of the
Civil Administrative Code of Illinois is |
| 6 | | amended by adding Section 605-338 as follows:
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| 7 | | (20 ILCS 605/605-338 new) |
| 8 | | Sec. 605-338. Lifelong learning program. |
| 9 | | (a) The Department shall establish a lifelong learning |
| 10 | | program to allow employees, with the support of their |
| 11 | | employers, to create educational savings accounts that may be |
| 12 | | used to fund approved education and training. The Department |
| 13 | | may partner with financial institutions and other public, |
| 14 | | private, and nonprofit organizations in order to enable |
| 15 | | employees use the educational savings accounts to attain |
| 16 | | high-skilled and high-wage jobs in their communities. |
| 17 | | (b) The educational savings accounts shall be established |
| 18 | | by employees and employers to support the education and |
| 19 | | training of employees in a manner that is aligned with the |
| 20 | | employee's approved career development plan. |
| 21 | | (c) The Department may adopt rules to implement this |
| 22 | | Section. |
| 23 | | (d) As used in this Section: |