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---
type: "Bill"
title: "ED LOAN PURCHASE PROGRAM BONDS"
description: "Amends the Higher Education Student Assistance Act. Increases to $5,000,000,000 (from $3,500,000,000) the aggregate principal amount of bonds (other than refunding bonds) issued by the Illinois Student Assistance Commission under the Education Loan Purchase Program Law that may be outstanding at any one time. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "93rd"
identifier: "SB 875"
citation: "Illinois SB 875 (93rd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 32
vote_count: 2
first_action: "2003-02-19"
last_action: "2003-12-19"
source: "openstates"
source_identifier: "ocd-bill/1e80973c-df4f-4b29-9bfe-3b18f9a34aa1"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=875&GAID=3&DocTypeID=SB&LegId=3921&SessionID=3&GA=93"
source_hash: "fd4c0c295ef8748968e8bbe76a8cbda268a44a0b543e03510e2fb6684c2285cd"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---
# Illinois SB 875 (93rd) — ED LOAN PURCHASE PROGRAM BONDS
Amends the Higher Education Student Assistance Act. Increases to $5,000,000,000 (from $3,500,000,000) the aggregate principal amount of bonds (other than refunding bonds) issued by the Illinois Student Assistance Commission under the Education Loan Purchase Program Law that may be outstanding at any one time. Effective immediately.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB0875&GA=93&SessionId=3&DocTypeId=SB&LegID=3921&DocNum=875&GAID=3&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB0875eng&GA=93&SessionId=3&DocTypeId=SB&LegID=3921&DocNum=875&GAID=3&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB0875enr&GA=93&SessionId=3&DocTypeId=SB&LegID=3921&DocNum=875&GAID=3&Session=&print=true)
## Votes
- Third Reading — **540** (pass) · upper
- Third Reading — **1130** (pass) · lower
## Sponsors
- Patrick Welch — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2003-02-19** Filed with Secretary by Sen. Patrick Welch `filing`
- **2003-02-19** First Reading `reading-1`
- **2003-02-19** Referred to Rules `referral-committee`
- **2003-02-26** Assigned to Executive `referral-committee`
- **2003-03-06** Do Pass Executive; 012-000-000 `committee-passage`
- **2003-03-06** Placed on Calendar Order of 2nd Reading March 11, 2003
- **2003-03-18** Second Reading `reading-2`
- **2003-03-18** Placed on Calendar Order of 3rd Reading March 19, 2003
- **2003-03-20** 3/5 Vote Required
- **2003-03-20** Added as Chief Co-Sponsor Sen. Donne E. Trotter
- **2003-03-20** Third Reading - Passed; 054-000-002 `reading-3, passage`
- **2003-03-20** Arrived in House `introduction`
- **2003-03-20** Placed on Calendar Order of First Reading `reading-1`
- **2003-03-21** Chief House Sponsor Rep. Gary Hannig
- **2003-03-21** First Reading `reading-1`
- **2003-03-21** Referred to Rules Committee `referral-committee`
- **2003-03-31** Assigned to Executive Committee `referral-committee`
- **2003-05-02** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
- **2003-11-12** Assigned to Executive Committee `referral-committee`
- **2003-11-18** Do Pass / Short Debate Executive Committee; 009-000-000 `committee-passage`
- **2003-11-18** Placed on Calendar 2nd Reading - Short Debate
- **2003-11-19** Added Alternate Chief Co-Sponsor Rep. Monique D. Davis
- **2003-11-19** Second Reading - Short Debate `reading-2`
- **2003-11-19** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2003-11-20** Placed on Calendar Order of 3rd Reading - Short Debate
- **2003-11-20** 3/5 Vote Required
- **2003-11-20** Third Reading - Short Debate - Passed 113-000-000 `reading-3, passage`
- **2003-11-20** Passed Both Houses
- **2003-12-19** Sent to the Governor `executive-receipt`
- **2003-12-19** Governor Approved `executive-signature`
- **2003-12-19** Effective Date December 19, 2003
- **2003-12-19** Public Act . . . . . . . . . 93-0623 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1e80973c-df4f-4b29-9bfe-3b18f9a34aa1`. Confidence: reported (aggregated from official Illinois legislature records).