HB 4322
Idot-bonus for student loans
Idot-Bonus for Student Loans
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Requires the Department of Transportation to provide higher education student loan repayment assistance in the form of an annual after-tax bonus in an amount to be determined by the Department, for not more than 5 years, to any engineer employed by the Department if (i) the engineer is a graduate of a community college, college, or university located in the State, (ii) the engineer provides documentation to the Department of the repayment of higher education student loans taken to attend a community college, college, or university located in the State, and (iii) the engineer remains in the employ of the Department for at least 5 years. Provides that if the engineer leaves the employ of the Department prior to serving 5 years, the engineer must return all bonuses made to the engineer by the Department pursuant to these provisions. Effective immediately.
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