The State Treasurer may establish fees to cover the costs of administration, recordkeeping, marketing, and investment management related to the Student Investment Account. The State Treasurer may pay eligible lenders, financial institutions, institutions of higher education, individuals, corporations, loan origination and servicing organizations, governmental entities, and any agencies or instrumentalities of the United States an administrative fee in connection with services provided pursuant to the Student Investment Account in such amounts, at such times, and in such manner as may be prescribed by the State Treasurer.
110 ILCS 991/35
Fees
Known as the Student Investment Account Act
The act spans §§ 110-991-1 to 110-991-999 (18 sections).
P.A. 104-180, eff. 8-15-25.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.