GA96SB325 96 SB 325 ISAC-BONDS GUARANTEED BY STATE Amends the Higher Education Student Assistance Act. Provides that bonds issued in accordance with the Act may be designated by the Illinois Student Assistance Commission as guaranteed by the State of Illinois. Provides that this guarantee shall constitute a general obligation of the State of Illinois, with the full faith, credit, and resources of the State of Illinois irrevocably pledged for the punctual payment of the principal of, interest on, and premium, if any, on any such bond. Provides that these provisions are irrepealable until all such bonds are paid in full as to both principal and interest. Provides that any bonds designated pursuant to these provisions shall be issued by the Commission on or prior to December 31, 2009 and shall be limited in aggregate principal issuance amount to not greater than $50,000,000. Sets forth provisions concerning appropriations for insufficient amounts, a continuing appropriation for insufficient appropriations, the rights and powers of the Commission not being impaired, and allowing a civil action to compel payment. Effective immediately. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=325&GAID=10&DocTypeID=SB&LegId=41179&SessionID=76&GA=96 2009-05-07 00:00:00 Senate Effective Date May 7, 2009 0 40 2009-05-07 00:00:00 Senate Public Act . . . . . . . . . 96-0009 1 41 2009-05-04 00:00:00 Senate Sent to the Governor 0 38 2009-05-07 00:00:00 Senate Governor Approved 0 39 2009-04-28 00:00:00 Senate Passed Both Houses 0 37 2009-04-28 00:00:00 House Third Reading - Short Debate - Passed 114-002-000 1 36 2009-04-23 00:00:00 House Placed on Calendar Order of 3rd Reading - Short Debate 0 35 2009-04-23 00:00:00 House Second Reading - Short Debate 1 34 2009-04-22 00:00:00 House Placed on Calendar 2nd Reading - Short Debate 0 33 2009-04-22 00:00:00 House Do Pass / Short Debate Higher Education Committee; 005-000-000 0 32 HHED 2009-04-14 00:00:00 House Assigned to Higher Education Committee 0 31 HHED 2009-04-03 00:00:00 House Added Alternate Chief Co-Sponsor Rep. Robert W. Pritchard 0 30 2009-04-02 00:00:00 House Added Alternate Chief Co-Sponsor Rep. Karen May 0 29 2009-03-18 00:00:00 House First Reading 1 27 2009-03-18 00:00:00 House Referred to Rules Committee 0 28 HRUL 2009-03-18 00:00:00 House Chief House Sponsor Rep. David E. Miller 0 26 2009-03-18 00:00:00 House Arrived in House 0 24 2009-03-18 00:00:00 House Placed on Calendar Order of First Reading 0 25 2009-03-18 00:00:00 Senate Added as Co-Sponsor Sen. Susan Garrett 0 22 2009-03-18 00:00:00 Senate Third Reading - Passed; 056-000-000 1 23 2009-03-18 00:00:00 Senate Added as Co-Sponsor Sen. Mattie Hunter 0 21 2009-03-18 00:00:00 Senate 3/5 Vote Required 0 20 2009-03-18 00:00:00 Senate Placed on Calendar Order of 3rd Reading 0 18 2009-03-18 00:00:00 Senate Added as Co-Sponsor Sen. Jacqueline Y. Collins 0 19 2009-03-18 00:00:00 Senate Recalled to Second Reading 0 16 2009-03-18 00:00:00 Senate Senate Floor Amendment No. 1 Adopted; Maloney-Burzynski 0 17 2009-03-18 00:00:00 Senate Senate Floor Amendment No. 1 Recommend Do Adopt Higher Education; 008-000-000 0 15 SCHE 2009-03-17 00:00:00 Senate Senate Floor Amendment No. 1 Assignments Refers to Higher Education 0 14 SCHE 2009-03-06 00:00:00 Senate Added as Chief Co-Sponsor Sen. Kwame Raoul 0 12 2009-03-10 00:00:00 Senate Added as Chief Co-Sponsor Sen. Michael Noland 0 13 2009-03-05 00:00:00 Senate Placed on Calendar Order of 3rd Reading March 6, 2009 0 11 2009-03-05 00:00:00 Senate Second Reading 1 10 2009-03-03 00:00:00 Senate Senate Floor Amendment No. 1 Referred to Assignments 0 9 SCOA 2009-03-03 00:00:00 Senate Senate Floor Amendment No. 1 Filed with Secretary by Sen. Edward D. Maloney; -Burzynski 0 8 2009-02-26 00:00:00 Senate Added as Chief Co-Sponsor Sen. M. Maggie Crotty 0 7 2009-02-25 00:00:00 Senate Placed on Calendar Order of 2nd Reading February 26, 2009 0 6 2009-02-25 00:00:00 Senate Do Pass Higher Education; 008-000-002 0 5 SCHE 2009-02-20 00:00:00 Senate Added as Chief Co-Sponsor Sen. Kimberly A. Lightford 0 4 2009-02-18 00:00:00 Senate Assigned to Higher Education 0 3 SCHE 2009-02-06 00:00:00 Senate Referred to Assignments 0 2 SCOA 2009-02-06 00:00:00 Senate First Reading 1 1 2009-02-06 00:00:00 Senate Filed with Secretary by Sen. Edward D. Maloney 0 0 SusanGarrett Senate Co-Sponsor MattieHunter Senate Co-Sponsor JacquelineYCollins Senate Co-Sponsor RobertWPritchard House Chief Co-Sponsor KarenMay House Chief Co-Sponsor KwameRaoul Senate Chief Co-Sponsor MichaelNoland Senate Chief Co-Sponsor MMaggieCrotty Senate Chief Co-Sponsor KimberlyALightford Senate Chief Co-Sponsor DavidEMiller House Chief Sponsor EdwardDMaloney Senate Chief Sponsor