SB3802 amends the Workforce Development through Charitable Loan Repayment Act to redefine "qualified community foundation.
SB3802 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 Illinois, substantially comply with national standards for U.S. community foundations, and be approved by the Illinois Student Assistance Commission. The bill also defines "targeted growth industry" and "underserved area," and it takes effect immediately upon becoming law.
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