103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2424 Introduced , by Rep. Martin J. Moylan SYNOPSIS AS INTRODUCED: 20 ILCS 2705/2705-617 new 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 of $15,000 per year, for not more than 5 years, to any engineer employed by the Department if (i) the engineer is a graduate of a college or university located in this State, (ii) the engineer provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in this 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. LRB103 30392 MXP 56822 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2424 Introduced , by Rep. Martin J. Moylan SYNOPSIS AS INTRODUCED: 20 ILCS 2705/2705-617 new 20 ILCS 2705/2705-617 new 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 of $15,000 per year, for not more than 5 years, to any engineer employed by the Department if (i) the engineer is a graduate of a college or university located in this State, (ii) the engineer provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in this 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. LRB103 30392 MXP 56822 b LRB103 30392 MXP 56822 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2424 Introduced , by Rep. Martin J. Moylan SYNOPSIS AS INTRODUCED:
20 ILCS 2705/2705-617 new 20 ILCS 2705/2705-617 new
20 ILCS 2705/2705-617 new
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 of $15,000 per year, for not more than 5 years, to any engineer employed by the Department if (i) the engineer is a graduate of a college or university located in this State, (ii) the engineer provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in this 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.
LRB103 30392 MXP 56822 b LRB103 30392 MXP 56822 b
LRB103 30392 MXP 56822 b
A BILL FOR
HB2424LRB103 30392 MXP 56822 b HB2424 LRB103 30392 MXP 56822 b
HB2424 LRB103 30392 MXP 56822 b
1 AN ACT concerning State government.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Department of Transportation Law of the
5 Civil Administrative Code of Illinois is amended by adding
6 Section 2705-617 as follows:
7 (20 ILCS 2705/2705-617 new)
8 Sec. 2705-617. Student loan repayment assistance for
9 engineers. The Department shall provide higher education
10 student loan repayment assistance in the form of an annual
11 after-tax bonus of $15,000 per year, for not more than 5 years,
12 to any engineer employed by the Department, subject to the
13 following:
14 (1) the engineer is a graduate of a college or
15 university located in this State;
16 (2) the engineer provides documentation to the
17 Department of the repayment of higher education student
18 loans taken to attend a college or university located in
19 this State;
20 (3) the engineer remains in the employ of the
21 Department for at least 5 years; and
22 (4) if the engineer leaves the employ of the
23 Department prior to serving 5 years, the engineer must
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2424 Introduced , by Rep. Martin J. Moylan SYNOPSIS AS INTRODUCED:
20 ILCS 2705/2705-617 new 20 ILCS 2705/2705-617 new
20 ILCS 2705/2705-617 new
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 of $15,000 per year, for not more than 5 years, to any engineer employed by the Department if (i) the engineer is a graduate of a college or university located in this State, (ii) the engineer provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in this 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.
LRB103 30392 MXP 56822 b LRB103 30392 MXP 56822 b
LRB103 30392 MXP 56822 b
A BILL FOR
20 ILCS 2705/2705-617 new
LRB103 30392 MXP 56822 b
HB2424 LRB103 30392 MXP 56822 b
HB2424- 2 -LRB103 30392 MXP 56822 b HB2424 - 2 - LRB103 30392 MXP 56822 b
HB2424 - 2 - LRB103 30392 MXP 56822 b
1 return all bonuses made to the engineer by the Department
2 pursuant to this Section.
3 Section 99. Effective date. This Act takes effect upon
4 becoming law.
HB2424 - 2 - LRB103 30392 MXP 56822 b