Amends the Workforce Development through Charitable Loan Repayment Act to redefine "qualified community foundation.
The bill amends the Workforce Development through Charitable Loan Repayment Act by changing the definition of "qualified community foundation." It specifies that such a foundation must be organized or operating in the state and either substantially comply with national standards for U.S. community foundations or be approved by the Illinois Student Assistance Commission. The bill also modifies the criteria for "qualified worker" to include employees of businesses in targeted growth industries or those in Enterprise Zones, Opportunity Zones, or underserved areas.
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