Bill Status of HB 6883   96th General Assembly

Short Description:  UNIV BORROWING-REIMBURSE INT

House Sponsors
Rep. Naomi D. Jakobsson

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
110 ILCS 205/9.34 new

Synopsis As Introduced
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.

Actions 
DateChamber Action
  5/25/2010HouseFiled with the Clerk by Rep. Naomi D. Jakobsson
  5/25/2010HouseFirst Reading
  5/25/2010HouseReferred to Rules Committee
  1/11/2011HouseSession Sine Die

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