Illinois HB5491 amends the Workforce Development through Charitable Loan Repayment Act to redefine "qualified community foundation.
Illinois HB5491 amends the Workforce Development through Charitable Loan Repayment Act by changing the definition of "qualified community foundation." The bill specifies that a qualified community foundation must be organized or operating in the state and meet certain criteria. For applications submitted before July 1, 2025, the foundation must substantially comply with the national average for the population, as determined by the United States Census Bureau.
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