103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2558 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 to any engineer, and $7,500 to any engineering technician, for not more than 5 years, who are employed by the Department if: (i) the engineer or engineering technician is a graduate of a community college, college or university located in the State; (ii) the engineer or engineering technician provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in the State; and (iii) the engineer or engineering technician remains in the employ of the Department for at least 5 years. Provides that if the engineer or engineering technician leaves the employ of the Department prior to serving 5 years, the engineer or engineering technician must return all bonuses made to the engineer or engineering technician by the Department. Effective immediately. LRB103 30405 MXP 56835 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2558 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 to any engineer, and $7,500 to any engineering technician, for not more than 5 years, who are employed by the Department if: (i) the engineer or engineering technician is a graduate of a community college, college or university located in the State; (ii) the engineer or engineering technician provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in the State; and (iii) the engineer or engineering technician remains in the employ of the Department for at least 5 years. Provides that if the engineer or engineering technician leaves the employ of the Department prior to serving 5 years, the engineer or engineering technician must return all bonuses made to the engineer or engineering technician by the Department. Effective immediately. LRB103 30405 MXP 56835 b LRB103 30405 MXP 56835 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2558 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 to any engineer, and $7,500 to any engineering technician, for not more than 5 years, who are employed by the Department if: (i) the engineer or engineering technician is a graduate of a community college, college or university located in the State; (ii) the engineer or engineering technician provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in the State; and (iii) the engineer or engineering technician remains in the employ of the Department for at least 5 years. Provides that if the engineer or engineering technician leaves the employ of the Department prior to serving 5 years, the engineer or engineering technician must return all bonuses made to the engineer or engineering technician by the Department. Effective immediately.
LRB103 30405 MXP 56835 b LRB103 30405 MXP 56835 b
LRB103 30405 MXP 56835 b
A BILL FOR
HB2558LRB103 30405 MXP 56835 b HB2558 LRB103 30405 MXP 56835 b
HB2558 LRB103 30405 MXP 56835 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 and engineering technicians. The Department shall
10 provide higher education student loan repayment assistance in
11 the form of an annual after-tax bonus of $15,000 per year, for
12 not more than 5 years, to any engineer employed by the
13 Department, and $7,500 per year, for not more than 5 years, to
14 any engineering technician employed by the Department, subject
15 to the following:
16 (1) the engineer is a graduate of a college or
17 university located in this State or the engineering
18 technician is a graduate of a community college, college,
19 or university in located this State;
20 (2) the engineer or engineering technician provides
21 documentation to the Department of the repayment of higher
22 education student loans taken to attend a college or
23 university located in this State;
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2558 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 to any engineer, and $7,500 to any engineering technician, for not more than 5 years, who are employed by the Department if: (i) the engineer or engineering technician is a graduate of a community college, college or university located in the State; (ii) the engineer or engineering technician provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in the State; and (iii) the engineer or engineering technician remains in the employ of the Department for at least 5 years. Provides that if the engineer or engineering technician leaves the employ of the Department prior to serving 5 years, the engineer or engineering technician must return all bonuses made to the engineer or engineering technician by the Department. Effective immediately.
LRB103 30405 MXP 56835 b LRB103 30405 MXP 56835 b
LRB103 30405 MXP 56835 b
A BILL FOR
20 ILCS 2705/2705-617 new
LRB103 30405 MXP 56835 b
HB2558 LRB103 30405 MXP 56835 b
HB2558- 2 -LRB103 30405 MXP 56835 b HB2558 - 2 - LRB103 30405 MXP 56835 b
HB2558 - 2 - LRB103 30405 MXP 56835 b
1 (3) the engineer or engineering technician remains in
2 the employ of the Department for at least 5 years; and
3 (4) if the engineer or engineering technician leaves
4 the employ of the Department prior to serving 5 years, the
5 engineer or engineering technician must return all bonuses
6 made to the engineer or engineering technician by the
7 Department pursuant to this Section.
8 Section 99. Effective date. This Act takes effect upon
9 becoming law.
HB2558 - 2 - LRB103 30405 MXP 56835 b