UNIV BORROWING-REIMBURSE INT
Summary
Amends the Board of Higher Education Act. Provides that if the board of trustees of a public university exercises its power to borrow money in anticipation of receiving payments from the State of Illinois, then the university is entitled to reimbursement from the State for the payment of interest on that borrowing, subject to an appropriation for that purpose. Requires the university to apply to the Board of Higher Education for reimbursement and provide the Board with any verification that the Board deems necessary with respect to the reimbursement amount. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
May 2010
Committee Review
Floor Vote
Governor
Introduced May 25, 2010
Last action Jan 11, 2011
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 11, 2011
House · Failed
Session Sine Die
May 25, 2010
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Naomi D. Jakobsson
DDemocratic
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