Illinois Compiled Statutes 110 Higher Education: Article -

• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 1
  Short title. This Act may be cited as the Illinois Prepaid Tuition Act. (Source: P.A. 90-546, eff. 12-1-97.)
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 5
  Purpose. The General Assembly finds and declares that the general welfare and security of the State are enhanced by access to higher education for all...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 10
  Definitions. In this Act: "Illinois public university" means the University of Illinois, Illinois State University, Chicago State University, Governors State University, Southern Illinois University, Northern...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 15
  Creation of Illinois prepaid tuition program. There is created the Illinois prepaid tuition program to be administered by the Illinois Student Assistance Commission. This...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 20
  Investment Advisory Panel. The Illinois prepaid tuition program shall be administered by the Illinois Student Assistance Commission, with advice and counsel from an investment advisory...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 25
  Additional powers of the Commission. The Commission has the following specific powers relating to administration of the Illinois prepaid tuition program: (1) To direct...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 30
  Investment Advisory Panel duties and responsibilities. (a) Advice and review. The panel shall offer advice and counseling regarding the investments of the Illinois prepaid tuition...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 35
  Illinois Prepaid Tuition Trust Fund. (a) The Illinois Prepaid Tuition Trust Fund is created as the repository of all moneys received by the Commission in...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 45
  Illinois prepaid tuition contracts. (a) The Commission may enter into an Illinois prepaid tuition contract with a purchaser under which the Commission contracts on behalf...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 50
  Confidentiality and disclosure. Information that (i) identifies the purchasers or qualified beneficiaries of any Illinois prepaid tuition contract or any terms or provisions of any...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 55
  Tax exemption. The assets of the Illinois Prepaid Tuition Trust Fund and its income and operation shall be exempt from all taxation by the...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 60
  Securities Registration Exemption. Illinois prepaid tuition contracts shall be exempt from registration under the Illinois Securities Law of 1953. However no contract may be...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 62
  Investment of ward's money in contract. A contract shall be considered an investment for the purpose of investing a ward's money under Section 21-2...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 65
  Construction. Nothing in this Act or in an Illinois prepaid tuition contract shall be construed as a promise or guarantee by the Program or the...
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 70
  (Repealed). (Source: P.A. 90-546, eff. 12-1-97. Repealed by P.A. 93-812, eff. 1-1-05.)
• Higher Education: Article -
  Amendatory provisions; text omitted
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 90
  (Amendatory provisions; text omitted). (Source: P.A. 90-546, eff. 12-1-97; text omitted.)
• Illinois Prepaid Tuition Act. - 110 ILCS 979, Section 99
  Effective date. This Act takes effect upon becoming law. (Source: P.A. 90-546, eff. 12-1-97.)

Last modified: February 18, 2015