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Eastern Illinois University - Charleston, IL

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  Bill Information

Bill Number: SB0325

Title: Higher Education Student Assistance Act

Sponsor: Maloney (D)

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Summary: Amends the Higher Education Student Assistance Act. Provides that bonds issued in accordance with the Act may be designated by the Student Assistance Commission as guaranteed by the State. Provides that this guarantee shall constitute a general obligation of the State, with the full faith, credit, and resources of the State pledged for the punctual payment of the principal and interest on premiums. Sets bond maturity period and debt service. Provides the program for which the bonds may be used.

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Last Updated: 2012-01-09

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