UNIV RETAIL SALES-INST DEFINED

Amends the University Credit and Retail Sales Act. Changes the short title of the Act to the Higher Education Institution Credit and Retail Sales Act. Defines "State institution of higher learning" to mean a university, college, community college, or junior college in this State that is publicly supported by taxes levied and collected within the State on income, sales, or property. Provides that "State institution of higher learning" does not include a private institution of higher education as that term is defined in the Illinois Educational Facilities Authority Act. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.