Illinois HB4872 amends the State Treasurer Act to expand the College Savings Pool to include special needs services and elementary and secondary.
HB4872 amends the State Treasurer Act to redefine qualified expenses in the College Savings Pool to include elementary and secondary school expenses for students with recognized disabilities or those following an individualized education program. The bill also updates the definition of "eligible educational institution" to include these facilities. The State Treasurer is tasked with developing and implementing an investment policy for the Pool, ensuring diversification and safety of investments.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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