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Rep. John E. Bradley
Filed: 5/3/2010
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| AMENDMENT TO SENATE BILL 642
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| AMENDMENT NO. ______. Amend Senate Bill 642 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The University of Illinois Act is amended by |
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| changing Section 7 as follows:
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| (110 ILCS 305/7) (from Ch. 144, par. 28)
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| Sec. 7. Powers of trustees.
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| (a) The trustees shall have power to provide for the |
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| requisite
buildings, apparatus, and conveniences; to fix the |
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| rates for tuition; to
appoint such professors and instructors, |
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| and to establish and provide for
the management of such model |
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| farms, model art, and other departments and
professorships, as |
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| may be required to teach, in the most thorough manner,
such |
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| branches of learning as are related to agriculture and the |
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| mechanic
arts, and military tactics, without excluding other |
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| scientific and classical
studies. The trustees shall, upon the |
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| written request of an employee withhold
from the compensation |
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| of that employee any dues, payments or contributions
payable by |
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| such employee to any labor organization as defined in the |
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| Illinois
Educational Labor Relations Act. Under such |
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| arrangement, an amount shall
be withheld from each regular |
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| payroll period which is equal to the pro rata
share of the |
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| annual dues plus any payments or contributions, and the |
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| trustees
shall transmit such withholdings to the specified |
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| labor organization within 10
working days from the time of the |
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| withholding. They may accept the endowments
and voluntary |
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| professorships or departments in the University, from any |
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| person
or persons or corporations who may offer the same, and, |
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| at any regular
meeting of the board, may prescribe rules and |
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| regulations in relation to such
endowments and declare on what |
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| general principles they may be admitted:
Provided, that such |
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| special voluntary endowments or professorships shall
not be |
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| incompatible with the true design and scope of the act of |
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| congress,
or of this Act: Provided, that no student shall at |
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| any time be allowed to
remain in or about the University in |
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| idleness, or without full mental or
industrial occupation: And |
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| provided further, that the trustees, in the
exercise of any of |
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| the powers conferred by this Act, shall not create any
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| liability or indebtedness in excess of the funds in the hands |
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| of the
treasurer of the University at the time of creating such |
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| liability or
indebtedness, and which may be specially and |
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| properly applied to the
payment of the same. Any lease to the |
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| trustees of lands, buildings or
facilities which will support |
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| scientific research and development in such
areas as high |
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| technology, super computing, microelectronics, biotechnology,
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| robotics, physics and engineering shall be for a term not to |
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| exceed 18 years,
and may grant to the trustees the option to |
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| purchase the lands, buildings or
facilities. The lease shall |
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| recite that it is subject to termination and
cancellation in |
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| any year for which the General Assembly fails to make an
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| appropriation to pay the rent payable under the terms of the |
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| lease.
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| Leases for the purposes described herein exceeding 5 years |
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| shall have
the approval of the Illinois Board of Higher |
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| Education.
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| The Board of Trustees may, directly or in cooperation with |
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| other institutions
of higher education, acquire by purchase or |
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| lease or otherwise, and construct,
enlarge, improve, equip, |
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| complete, operate, control and manage medical research
and high |
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| technology parks, together with the necessary lands, |
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| buildings,
facilities, equipment and personal property |
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| therefor, to encourage and
facilitate (a) the location and |
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| development of business and industry in the
State of Illinois, |
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| and (b) the increased application and development of
technology |
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| and (c) the improvement and development of the State's economy.
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| The Board of Trustees may lease to nonprofit corporations all |
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| or any part
of the land, buildings, facilities, equipment or |
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| other property included in
a medical research and high |
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| technology park upon such terms and conditions as
the |
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| University of Illinois may deem advisable and enter into any |
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| contract or
agreement with such nonprofit corporations as may |
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| be necessary or suitable for
the construction, financing, |
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| operation and maintenance and management of any
such park; and |
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| may lease to any person, firm, partnership or corporation,
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| either public or private, any part or all of the land, |
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| building, facilities,
equipment or other property of such park |
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| for such purposes and upon such
rentals, terms and conditions |
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| as the University may deem advisable; and may
finance all or |
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| part of the cost of any such park, including the purchase,
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| lease, construction, reconstruction, improvement, remodeling, |
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| addition to, and
extension and maintenance of all or part of |
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| such high technology park, and all
equipment and furnishings, |
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| by legislative appropriations, government grants,
contracts, |
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| private gifts, loans, receipts from the operation of such high
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| technology park, rentals and similar receipts; and may make its |
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| other
facilities and services available to tenants or other |
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| occupants of any such
park at rates which are reasonable and |
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| appropriate.
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| The Trustees shall have power (a) to purchase real property |
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| and
easements, and (b) to acquire real property and easements |
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| in the manner
provided by law for the exercise of the right of |
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| eminent domain, and in the
event negotiations for the |
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| acquisition of real property or easements for
making any |
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| improvement which the Trustees are authorized to make shall |
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| have
proven unsuccessful and the Trustees shall have by |
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| resolution adopted a
schedule or plan of operation for the |
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| execution of the project and therein
made a finding that it is |
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| necessary to take such property or easements
immediately or at |
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| some specified later date in order to comply with the
schedule, |
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| the Trustees may acquire such property or easements in the same
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| manner provided in Article 20 of the Eminent Domain Act |
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| (quick-take procedure).
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| The Board of Trustees also shall have power to agree with |
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| the State's
Attorney of the county in which any properties of |
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| the Board are located to
pay for services rendered by the |
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| various taxing districts for the years
1944 through 1949 and to |
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| pay annually for services rendered thereafter by
such district |
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| such sums as may be determined by the Board upon properties
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| used solely for income producing purposes, title to which is |
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| held by said
Board of Trustees, upon properties leased to |
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| members of the staff of the
University of Illinois, title to |
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| which is held in trust for said Board of
Trustees and upon |
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| properties leased to for-profit entities the title to
which |
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| properties is held by the Board of Trustees. A certified copy |
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| of
any such agreement made with the State's Attorney shall be |
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| filed with the
County Clerk and such sums shall be distributed |
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| to the respective taxing
districts by the County Collector in |
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| such proportions that each taxing district
will receive |
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| therefrom such proportion as the tax rate of such taxing |
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| district
bears to the total tax rate that would be levied |
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| against such properties if
they were not exempt from taxation |
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| under the Property Tax Code.
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| The Board of Trustees of the University of Illinois, |
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| subject to the
applicable civil service law, may appoint |
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| persons to be members of the
University of Illinois Police |
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| Department. Members of the Police Department
shall be peace |
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| officers and as such have all powers possessed by policemen
in |
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| cities, and sheriffs, including the power to make arrests on |
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| view or
warrants of violations of state statutes and city or |
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| county ordinances,
except that they may exercise such powers |
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| only in counties wherein the
University and any of its branches |
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| or properties are located when such is
required for the |
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| protection of university properties and interests, and its
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| students and personnel, and otherwise, within such counties, |
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| when requested
by appropriate state or local law enforcement |
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| officials; provided, however,
that such officer shall have no |
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| power to serve and execute civil processes.
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| The Board of Trustees must authorize to each member of the |
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| University of
Illinois
Police
Department
and to any other |
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| employee of the University of Illinois exercising the powers
of |
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| a peace officer
a distinct badge
that, on its face, (i) clearly |
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| states that the badge is authorized by the
University of
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| Illinois and (ii)
contains a unique identifying number.
No |
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| other badge shall be authorized by
the University of Illinois.
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| Nothing in this paragraph prohibits the Board of Trustees from |
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| issuing
shields
or other distinctive identification to |
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| employees not exercising the powers of a
peace officer if the |
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| Board of Trustees determines that a shield or distinctive
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| identification is needed by the employee to carry out his or |
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| her
responsibilities.
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| The Board of Trustees may own, operate, or govern, by or |
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| through the
College of Medicine at Peoria, a managed care |
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| community network established
under subsection (b) of Section |
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| 5-11 of the Illinois
Public Aid Code.
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| The powers of the trustees as herein designated are subject |
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| to the provisions
of "An Act creating a Board of Higher |
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| Education, defining its powers and
duties, making an |
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| appropriation therefor, and repealing an Act herein named",
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| approved August 22, 1961, as amended.
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| The Board of Trustees shall have the authority to adopt all |
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| administrative
rules which may be necessary for the effective |
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| administration, enforcement and
regulation of all matters for |
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| which the Board has jurisdiction or
responsibility.
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| (b) To assist in the provision of buildings and facilities |
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| beneficial to,
useful for, or supportive of University |
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| purposes, the Board of Trustees of the
University of Illinois |
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| may exercise the following powers with regard to the
area |
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| located on or adjacent to the University of Illinois at Chicago |
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| campus and
bounded as follows: on the West by Morgan Street; on |
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| the North by
Roosevelt Road; on the East by Union Street; and |
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| on
the South by 16th
Street, in the City of Chicago:
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| (1) Acquire any interests in land, buildings, or |
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| facilities by purchase,
including installments payable |
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| over a period allowed by law, by lease over a
term of such |
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| duration as the Board of Trustees shall determine, or by
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| exercise of the power of eminent domain;
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| (2) Sub-lease or contract to purchase through |
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| installments all or any
portion of buildings or facilities |
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| for such duration and on such terms as the
Board of |
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| Trustees shall determine, including a term that exceeds 5 |
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| years,
provided that each such lease or purchase contract |
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| shall be and shall recite
that it is subject to termination |
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| and cancellation in any year for which the
General Assembly |
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| fails to make an appropriation to pay the rent or purchase
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| installments payable under the terms of such lease or |
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| purchase contract; and
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| (3) Sell property without compliance with the State |
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| Property Control Act
and retain proceeds in the University |
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| Treasury in a special, separate
development fund account |
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| which the Auditor General shall examine to assure
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| compliance with this Act.
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| Any buildings or facilities to be developed on the land shall |
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| be buildings or
facilities that, in the determination of the |
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| Board of Trustees, in whole
or in part: (i) are for use by the |
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| University; or (ii) otherwise advance the
interests of the |
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| University, including, by way of example, residential
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| facilities for University staff and students and commercial |
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| facilities which
provide services needed by the University
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| community. Revenues from the development fund account may be |
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| withdrawn by
the University for the purpose of demolition and |
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| the processes associated with
demolition; routine land and |
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| property acquisition; extension of utilities;
streetscape |
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| work; landscape work; surface and structure parking; |
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| sidewalks,
recreational paths, and street construction; and |
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| lease and lease purchase
arrangements and the professional |
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| services associated with the planning and
development of the |
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| area. Moneys from the development fund account used for any
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| other purpose must be deposited into and appropriated from the |
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| General Revenue
Fund. Buildings or facilities leased to
an
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| entity
or person other than the University shall not be subject |
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| to any limitations
applicable to a State supported college or |
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| university under any law. All
development on the land and all |
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| use of any buildings or facilities shall be
subject to the |
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| control and approval of the Board of Trustees.
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| (c) The Board of Trustees shall have the power to borrow |
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| money, as necessary, from time to time in anticipation of |
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| receiving tuition, payments from the State of Illinois, or |
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| other revenues or receipts of the University, also known as |
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| anticipated moneys. The borrowing limit shall be capped at 100% |
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| of the total amount of payroll and other expense vouchers |
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| submitted and payable to the University for fiscal year 2010 |
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| expenses, but unpaid at the State Comptroller's office. Prior |
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| to borrowing any funds, the University shall request from the |
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| Comptroller's office a verification of the borrowing limit and |
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| shall include the estimated date on which such borrowing shall |
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| occur. The borrowing limit cap shall be verified by State |
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| Comptroller's office not prior to 45 days before any estimated |
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| date for executing any promissory note or line of credit |
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| established under this subsection (c). The principal amount |
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| borrowed under a promissory note or line of credit shall not |
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| exceed 75% of the borrowing limit. Within 15 days after |
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| borrowing funds under any promissory note or line of credit |
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| established under this subsection (c), the University shall |
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| submit to the Governor's Office of Management and Budget, the |
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| Speaker of the House of Representatives, the Minority Leader of |
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| the House of Representatives, the President of the Senate, and |
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| Minority Leader of the Senate, an Emergency Short Term Cash |
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| Management Plan. The Emergency Short Term Cash Management Plan |
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| shall outline the amount borrowed, the terms for repayment, the |
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| amount of outstanding State vouchers as verified by the State |
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| Comptroller's office, and the University's plan for |
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| expenditure of any borrowed funds, including, but not limited |
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| to, a detailed plan to meet payroll obligations to include |
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| collective bargaining employees, civil service employees, and |
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| academic, research, and health care personnel. The |
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| establishment of any promissory note or line of credit |
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| established under this subsection (c) must be finalized within |
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| 90 days after the effective date of this amendatory Act of the |
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| 96th General Assembly. The borrowed moneys shall be applied to |
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| the purposes of paying salaries and other expenses lawfully |
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| authorized in the University's State appropriation and unpaid |
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| by the State Comptroller. Any line of credit established under |
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| this subsection (c) shall be paid in full one year after |
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| creation or within 10 days after the date the University |
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| receives reimbursement from the State for all submitted fiscal |
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| year 2010 vouchers, whichever is earlier. Any promissory note |
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| established under this subsection (c) shall be repaid within |
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| one year after issuance of the note. The Chairman, Comptroller, |
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| or Treasurer of the Board shall execute a promissory note or |
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| similar debt instrument to evidence the indebtedness incurred |
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| by the borrowing. In connection with a borrowing, the Board may |
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| establish a line of credit with a financial institution, |
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| investment bank, or broker/dealer.
The obligation to make the |
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| payments due under any promissory note or line of credit |
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| established under this subsection (c) shall be a lawful |
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| obligation of the University payable from the anticipated |
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| moneys. Any borrowing under this subsection (c) shall not |
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| constitute a debt, legal or moral, of the State and shall not |
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| be enforceable against the State. The promissory note or line |
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| of credit shall be authorized by a resolution passed by the |
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| Board and shall be valid whether or not a budgeted item with |
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| respect to that resolution is included in any annual or |
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| supplemental budget adopted by the Board. The resolution shall |
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| set forth facts demonstrating the need for the borrowing, state |
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| an amount that the amount to be borrowed will not exceed, and |
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| establish a maximum interest rate limit not to exceed the |
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| maximum rate authorized by the Bond Authorization Act or 9%, |
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| whichever is less. The resolution may direct the Comptroller or |
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| Treasurer of the Board to make arrangements to set apart and |
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| hold the portion of the anticipated moneys, as received, that |
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| shall be used to repay the borrowing, subject to any prior |
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| pledges or restrictions with respect to the anticipated moneys. |
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| The resolution may also authorize the Treasurer of the Board to |
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| make partial repayments of the borrowing as the anticipated |
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| moneys become available and may contain any other terms, |
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| restrictions, or limitations not inconsistent with the powers |
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| of the Board. |
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| For the purposes of this subsection (c), "financial |
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| institution" means any bank subject to the Illinois Banking |
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| Act, any savings and loan association subject to the Illinois |
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| Savings and Loan Act of 1985, and any federally chartered |
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| commercial bank or savings and loan association or |
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| government-sponsored enterprise organized and operated in this |
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| State pursuant to the laws of the United States. |
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| (Source: P.A. 93-423, eff. 8-5-03; 94-1055, eff. 1-1-07.)
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| Section 10. The Southern Illinois University Management |
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| Act is amended by changing Section 8 as follows: |
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| (110 ILCS 520/8) (from Ch. 144, par. 658) |
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| Sec. 8. Powers and Duties of the Board. The Board shall |
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| have power and
it shall be its duty: |
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| 1. To make rules, regulations and by-laws, not |
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| inconsistent with
law, for the government and management of |
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| Southern Illinois University
and its branches; |
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| 2. To employ, and, for good cause, to remove a |
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| president of Southern
Illinois University, and all |
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| necessary deans, professors, associate
professors, |
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| assistant professors, instructors, and other educational |
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| and
administrative assistants, and all other necessary |
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| employees, and
contract with them upon matters relating to |
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| tenure, salaries and
retirement benefits in accordance |
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| with the State Universities Civil Service
Act; the Board |
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| shall, upon the written request of an employee of Southern
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| Illinois University, withhold from the compensation of |
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| that employee any
dues, payments or contributions payable |
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| by such employee to any labor
organization as defined in |
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| the Illinois Educational Labor Relations Act.
Under such |
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| arrangement, an amount shall be withheld from each regular
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| payroll period which is equal to the pro rata share of the |
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| annual dues plus
any payments or contributions, and the |
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| Board shall transmit such withholdings
to the specified |
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| labor organization within 10 working days from the time
of |
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| the withholding. Whenever the Board establishes a search |
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| committee to
fill the position of president of Southern |
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| Illinois University, there shall
be minority |
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| representation, including women, on that search committee; |
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| 3. To prescribe the course of study to be followed, and |
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| textbooks
and apparatus to be used at Southern Illinois |
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| University; |
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| 4. To issue upon the recommendation of the faculty, |
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| diplomas to such
persons as have satisfactorily completed |
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| the required studies of
Southern Illinois University, and |
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| confer such professional and literary
degrees as are |
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| usually conferred by other institutions of like character
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| for similar or equivalent courses of study, or such as the |
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| Board may
deem appropriate; |
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| 5. To examine into the conditions, management, and |
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| administration of
Southern Illinois University, to provide |
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| the requisite buildings,
apparatus, equipment and |
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| auxiliary enterprises, and to fix and collect
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| matriculation fees; tuition fees; fees for student |
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| activities; fees for
student facilities such as student |
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| union buildings or field houses or
stadium or other |
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| recreational facilities; student welfare fees;
laboratory |
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| fees and similar fees for supplies and material; |
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| 6. To succeed to and to administer all trusts, trust |
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| property, and
gifts now or hereafter belonging or |
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| pertaining to Southern Illinois
University; |
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| 7. To accept endowments of professorships or |
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| departments in the
University from any person who may |
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| proffer them and, at regular
meetings, to prescribe rules |
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| and regulations in relation to endowments
and declare on |
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| what general principles they may be accepted; |
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| 8. To enter into contracts with the Federal government |
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| for providing
courses of instruction and other services at |
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| Southern Illinois
University for persons serving in or with |
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| the military or naval forces
of the United States, and to |
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| provide such courses of instruction and
other services; |
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| 9. To provide for the receipt and expenditures of |
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| Federal funds,
paid to the Southern Illinois University by |
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| the Federal government for
instruction and other services |
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| for persons serving in or with the
military or naval forces |
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| of the United States and to provide for audits
of such |
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| funds; |
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| 10. To appoint, subject to the applicable civil service |
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| law, persons
to be members of the Southern Illinois |
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| University Police Department.
Members of the Police |
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| Department shall be conservators of the peace and
as such |
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| have all powers possessed by policemen in cities, and |
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| sheriffs,
including the power to make arrests on view or |
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| warrants of violations of
state statutes, university rules |
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| and regulations and city or county
ordinances, except that |
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| they may exercise such powers only within
counties wherein |
21 |
| the university and any of its branches or properties
are |
22 |
| located when such is required for the protection of |
23 |
| university
properties and interests, and its students and |
24 |
| personnel, and otherwise,
within such counties, when |
25 |
| requested by appropriate State
or local law enforcement |
26 |
| officials. However, such officers shall have no
power to |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
|
|
1 |
| serve and execute civil processes. |
2 |
| The Board must authorize to each member of the Southern |
3 |
| Illinois University
Police
Department
and to any other |
4 |
| employee of Southern Illinois University exercising the |
5 |
| powers
of a peace officer
a distinct badge
that, on its |
6 |
| face, (i) clearly states that the badge is authorized by |
7 |
| Southern
Illinois
University and
(ii) contains a unique |
8 |
| identifying number. No other badge shall be authorized
by |
9 |
| Southern Illinois University. |
10 |
| 10.5.
To conduct health care programs in furtherance of |
11 |
| its teaching, research, and public service functions, |
12 |
| which shall include without limitation patient and |
13 |
| ancillary facilities, institutes, clinics, or offices |
14 |
| owned, leased, or purchased through an equity interest by |
15 |
| the Board or its appointed designee to carry out such |
16 |
| activities in the course of or in support of the Board's |
17 |
| academic, clinical, and public service responsibilities.
|
18 |
| 11. To administer a plan or plans established by the |
19 |
| clinical faculty
of the School of Medicine for the billing, |
20 |
| collection and disbursement of
charges for services |
21 |
| performed
in the course of or in support of the faculty's |
22 |
| academic responsibilities,
provided that such plan has |
23 |
| been first approved by Board action. All such
collections |
24 |
| shall be deposited into a special fund or funds |
25 |
| administered
by the Board from which disbursements may be |
26 |
| made according to the provisions
of said plan. The |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
|
|
1 |
| reasonable costs incurred, by the University, |
2 |
| administering
the billing, collection and disbursement |
3 |
| provisions of a plan shall have
first priority for payment |
4 |
| before distribution or disbursement for any other
purpose. |
5 |
| Audited financial statements of the plan or plans must be |
6 |
| provided to the Legislative Audit
Commission annually. |
7 |
| The Board of Trustees may own, operate, or govern, by |
8 |
| or through the School
of Medicine, a managed care community |
9 |
| network established under subsection
(b)
of Section 5-11 of |
10 |
| the Illinois Public Aid Code. |
11 |
| 12. The Board of Trustees may, directly or in |
12 |
| cooperation with other
institutions of higher education, |
13 |
| acquire by purchase or lease or
otherwise, and construct, |
14 |
| enlarge, improve, equip, complete, operate,
control and |
15 |
| manage medical research and high technology parks, |
16 |
| together
with the necessary lands, buildings, facilities, |
17 |
| equipment, and personal
property therefor, to encourage |
18 |
| and facilitate (a) the location and
development of business |
19 |
| and industry in the State of Illinois, and (b) the
|
20 |
| increased application and development of technology and |
21 |
| (c) the improvement
and development of the State's economy. |
22 |
| The Board of Trustees may lease to
nonprofit corporations |
23 |
| all or any part of the land, buildings, facilities,
|
24 |
| equipment or other property included in a medical research |
25 |
| and high
technology park upon such terms and conditions as |
26 |
| the Board of Trustees may
deem advisable and enter into any |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
|
|
1 |
| contract or agreement with such nonprofit
corporations as |
2 |
| may be necessary or suitable for the construction,
|
3 |
| financing, operation and maintenance and management of any |
4 |
| such park; and
may lease to any person, firm, partnership |
5 |
| or corporation, either public or
private, any part or all |
6 |
| of the land, building, facilities, equipment or
other |
7 |
| property of such park for such purposes and upon such
|
8 |
| rentals, terms and conditions as the Board of Trustees may |
9 |
| deem advisable; and
may finance all or part of the cost of |
10 |
| any such park, including the purchase,
lease, |
11 |
| construction, reconstruction, improvement, remodeling, |
12 |
| addition to,
and extension and maintenance of all or part |
13 |
| of such high technology park,
and all equipment and |
14 |
| furnishings, by legislative appropriations, government
|
15 |
| grants, contracts, private gifts, loans, receipts from the |
16 |
| operation of
such high technology park, rentals and similar |
17 |
| receipts; and may make its
other facilities and services |
18 |
| available to tenants or other occupants of
any such park at |
19 |
| rates which are reasonable and appropriate. |
20 |
| 13. To borrow money, as necessary, from time to time in |
21 |
| anticipation of receiving tuition, payments from the State |
22 |
| of Illinois, or other revenues or receipts of the |
23 |
| University, also known as anticipated moneys. The |
24 |
| borrowing limit shall be capped at 100% of the total amount |
25 |
| of payroll and other expense vouchers submitted and payable |
26 |
| to the University for fiscal year 2010 expenses, but unpaid |
|
|
|
09600SB0642ham008 |
- 19 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| at the State Comptroller's office. Prior to borrowing any |
2 |
| funds, the University shall request from the Comptroller's |
3 |
| office a verification of the borrowing limit and shall |
4 |
| include the estimated date on which such borrowing shall |
5 |
| occur. The borrowing limit cap shall be verified by State |
6 |
| Comptroller's office not prior to 45 days before any |
7 |
| estimated date for executing any promissory note or line of |
8 |
| credit established under this item 13. The principal amount |
9 |
| borrowed under a promissory note or line of credit shall |
10 |
| not exceed 75% of the borrowing limit. Within 15 days after |
11 |
| borrowing funds under any promissory note or line of credit |
12 |
| established under this item 13, the University shall submit |
13 |
| to the Governor's Office of Management and Budget, the |
14 |
| Speaker of the House of Representatives, the Minority |
15 |
| Leader of the House of Representatives, the President of |
16 |
| the Senate, and Minority Leader of the Senate, an Emergency |
17 |
| Short Term Cash Management Plan. The Emergency Short Term |
18 |
| Cash Management Plan shall outline the amount borrowed, the |
19 |
| terms for repayment, the amount of outstanding State |
20 |
| vouchers as verified by the State Comptroller's office, and |
21 |
| the University's plan for expenditure of any borrowed |
22 |
| funds, including, but not limited to, a detailed plan to |
23 |
| meet payroll obligations to include collective bargaining |
24 |
| employees, civil service employees, and academic, |
25 |
| research, and health care personnel. The establishment of |
26 |
| any promissory note or line of credit established under |
|
|
|
09600SB0642ham008 |
- 20 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| this item 13 must be finalized within 90 days after the |
2 |
| effective date of this amendatory Act of the 96th General |
3 |
| Assembly. The borrowed moneys shall be applied to the |
4 |
| purposes of paying salaries and other expenses lawfully |
5 |
| authorized in the University's State appropriation and |
6 |
| unpaid by the State Comptroller. Any line of credit |
7 |
| established under this item 13 shall be paid in full one |
8 |
| year after creation or within 10 days after the date the |
9 |
| University receives reimbursement from the State for all |
10 |
| submitted fiscal year 2010 vouchers, whichever is earlier. |
11 |
| Any promissory note established under this item (13) shall |
12 |
| be repaid within one year after issuance of the note. The |
13 |
| Chairman, Comptroller, or Treasurer of the Board shall |
14 |
| execute a promissory note or similar debt instrument to |
15 |
| evidence the indebtedness incurred by the borrowing. In |
16 |
| connection with a borrowing, the Board may establish a line |
17 |
| of credit with a financial institution, investment bank, or |
18 |
| broker/dealer.
The obligation to make the payments due |
19 |
| under any promissory note or line of credit established |
20 |
| under this item 13 shall be a lawful obligation of the |
21 |
| University payable from the anticipated moneys. Any |
22 |
| borrowing under this item 13 shall not constitute a debt, |
23 |
| legal or moral, of the State and shall not be enforceable |
24 |
| against the State. The promissory note or line of credit |
25 |
| shall be authorized by a resolution passed by the Board and |
26 |
| shall be valid whether or not a budgeted item with respect |
|
|
|
09600SB0642ham008 |
- 21 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| to that resolution is included in any annual or |
2 |
| supplemental budget adopted by the Board. The resolution |
3 |
| shall set forth facts demonstrating the need for the |
4 |
| borrowing, state an amount that the amount to be borrowed |
5 |
| will not exceed, and establish a maximum interest rate |
6 |
| limit not to exceed the maximum rate authorized by the Bond |
7 |
| Authorization Act or 9%, whichever is less. The resolution |
8 |
| may direct the Comptroller or Treasurer of the Board to |
9 |
| make arrangements to set apart and hold the portion of the |
10 |
| anticipated moneys, as received, that shall be used to |
11 |
| repay the borrowing, subject to any prior pledges or |
12 |
| restrictions with respect to the anticipated moneys. The |
13 |
| resolution may also authorize the Treasurer of the Board to |
14 |
| make partial repayments of the borrowing as the anticipated |
15 |
| moneys become available and may contain any other terms, |
16 |
| restrictions, or limitations not inconsistent with the |
17 |
| powers of the Board. |
18 |
| For the purposes of this item 13, "financial |
19 |
| institution" means any bank subject to the Illinois Banking |
20 |
| Act, any savings and loan association subject to the |
21 |
| Illinois Savings and Loan Act of 1985, and any federally |
22 |
| chartered commercial bank or savings and loan association |
23 |
| or government-sponsored enterprise organized and operated |
24 |
| in this State pursuant to the laws of the United States. |
25 |
| The powers of the Board as herein designated are subject to |
26 |
| the Board
of Higher Education Act. |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
|
|
1 |
| (Source: P.A. 95-158, eff. 8-14-07; 95-876, eff. 8-21-08.) |
2 |
| Section 15. The Chicago State University Law is amended by |
3 |
| changing Section 5-45 as follows:
|
4 |
| (110 ILCS 660/5-45)
|
5 |
| Sec. 5-45. Powers and duties. The Board also shall have |
6 |
| power and
it shall be its duty:
|
7 |
| (1) To make rules, regulations and bylaws, not inconsistent |
8 |
| with
law, for the government and management of Chicago State |
9 |
| University
and its branches;
|
10 |
| (2) To employ, and, for good cause, to remove a President |
11 |
| of Chicago State
University, and all necessary deans, |
12 |
| professors, associate
professors, assistant professors, |
13 |
| instructors, other educational and
administrative assistants, |
14 |
| and all other necessary employees, and to prescribe
their |
15 |
| duties and contract with them upon matters relating to tenure, |
16 |
| salaries
and
retirement benefits in accordance with
the State |
17 |
| Universities Civil Service Act. Whenever the Board establishes |
18 |
| a
search committee to fill the position of President of Chicago |
19 |
| State University,
there shall be minority representation, |
20 |
| including women, on that search
committee. The
Board shall, |
21 |
| upon the written request
of an employee of Chicago State |
22 |
| University, withhold from the compensation
of that employee any |
23 |
| dues, payments or contributions payable by such employee
to any |
24 |
| labor organization as defined in the Illinois Educational Labor
|
|
|
|
09600SB0642ham008 |
- 23 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| Relations
Act. Under such arrangement, an amount shall be |
2 |
| withheld from each regular
payroll period which is equal to the |
3 |
| pro rata share of the annual dues plus
any payments or |
4 |
| contributions, and the Board shall transmit such withholdings
|
5 |
| to the specified labor organization within 10 working days from |
6 |
| the time
of the withholding;
|
7 |
| (3) To prescribe the courses of study to be followed, and |
8 |
| textbooks
and apparatus to be used at Chicago State University;
|
9 |
| (4) To issue upon the recommendation of the faculty, |
10 |
| diplomas to such
persons as have satisfactorily completed the |
11 |
| required studies of
Chicago State University, and confer such |
12 |
| professional and literary
degrees as are usually conferred by |
13 |
| other institutions of like character
for similar or equivalent |
14 |
| courses of study, or such as the Board may
deem appropriate;
|
15 |
| (5) To examine into the conditions, management, and |
16 |
| administration of
Chicago State University, to provide the |
17 |
| requisite buildings,
apparatus, equipment and auxiliary |
18 |
| enterprises, and to fix and collect
matriculation fees; tuition |
19 |
| fees; fees for student activities; fees for
student facilities |
20 |
| such as student union buildings or field houses or
stadia or |
21 |
| other recreational facilities; student welfare fees;
|
22 |
| laboratory fees; and similar fees for supplies and materials.
|
23 |
| The expense of the building, improving, repairing and supplying |
24 |
| fuel and
furniture and the necessary appliances and apparatus |
25 |
| for conducting Chicago
State
University, the reimbursed |
26 |
| expenses of members of the Board, and the
salaries or |
|
|
|
09600SB0642ham008 |
- 24 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| compensation of the President, assistants, agents and other
|
2 |
| employees of Chicago State University, shall be a charge upon |
3 |
| the State
Treasury. All
other expenses shall be chargeable |
4 |
| against students, and the Board shall
regulate the charges |
5 |
| accordingly;
|
6 |
| (6) To succeed to and to administer all trusts, trust |
7 |
| property, and
gifts now or hereafter belonging or pertaining to |
8 |
| Chicago State
University;
|
9 |
| (7) To accept endowments of professorships or departments |
10 |
| in Chicago State
University from any person who may proffer |
11 |
| them and, at regular
meetings, to prescribe rules and |
12 |
| regulations in relation to endowments
and declare on what |
13 |
| general principles they may be accepted;
|
14 |
| (8) To enter into contracts with the Federal government for |
15 |
| providing
courses of instruction and other services at Chicago |
16 |
| State
University for persons serving in or with the military or |
17 |
| naval forces
of the United States, and to provide such courses |
18 |
| of instruction and
other services;
|
19 |
| (9) To contract with respect to the Cooperative Computer |
20 |
| Center to obtain
services related to electronic data |
21 |
| processing;
|
22 |
| (10) To provide for the receipt and expenditures of Federal |
23 |
| funds
paid to Chicago State University by the Federal |
24 |
| government for
instruction and other services for persons |
25 |
| serving in or with the
military or naval forces of the United |
26 |
| States, and to provide for audits
of such funds;
|
|
|
|
09600SB0642ham008 |
- 25 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| (11) To appoint, subject to the applicable civil service |
2 |
| law, persons
to be members of the Chicago State University |
3 |
| Police Department.
Members of the Police Department shall be |
4 |
| conservators of the peace and
as such have all powers possessed |
5 |
| by policemen in cities, and sheriffs,
including the power to |
6 |
| make arrests on view or warrants of violations of
State |
7 |
| statutes, University rules and regulations and city or county
|
8 |
| ordinances, except that they may exercise such powers only |
9 |
| within
counties wherein Chicago State University and any of its |
10 |
| branches or properties
are located when such is required for |
11 |
| the protection of University
properties and interests, and its |
12 |
| students and personnel, and otherwise,
within such counties, |
13 |
| when requested by appropriate State
or local law enforcement |
14 |
| officials. However, such officers shall have no
power to serve |
15 |
| and execute civil processes.
|
16 |
| The Board must authorize to each member of the Chicago |
17 |
| State University
Police
Department
and to any other employee of |
18 |
| Chicago State University exercising the powers
of a peace |
19 |
| officer
a distinct badge
that, on its face, (i) clearly states |
20 |
| that the badge is authorized by Chicago
State
University and
|
21 |
| (ii) contains a unique identifying number on its face.
No other |
22 |
| badge shall be authorized by
Chicago State University;
|
23 |
| (12) The Board may, directly or in cooperation with other |
24 |
| institutions
of higher education, acquire by purchase or lease |
25 |
| or otherwise, and construct,
enlarge, improve, equip, |
26 |
| complete, operate, control and manage research
and high |
|
|
|
09600SB0642ham008 |
- 26 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| technology parks, together with the necessary lands, |
2 |
| buildings,
facilities, equipment, and personal property |
3 |
| therefor,
to encourage and facilitate (i) the location and |
4 |
| development of business
and industry in the State of Illinois, |
5 |
| and (ii) the increased application
and development of |
6 |
| technology, and (iii) the improvement and development of
the |
7 |
| State's economy. The Board may lease to nonprofit corporations
|
8 |
| all or any part
of the land, buildings, facilities, equipment |
9 |
| or other property included
in a research and high technology |
10 |
| park upon such terms and conditions
as the Board may deem |
11 |
| advisable and enter into any contract or
agreement with such |
12 |
| nonprofit corporations as may be necessary or suitable
for the |
13 |
| construction, financing, operation and maintenance and |
14 |
| management
of any such park; and may lease to any person, firm, |
15 |
| partnership or
corporation,
either public or private, any part |
16 |
| or all of the land, building, facilities,
equipment or other |
17 |
| property of such park for such purposes and upon such
rentals, |
18 |
| terms and conditions as the Board may deem advisable; and
may |
19 |
| finance all or part of the cost of any such park, including the |
20 |
| purchase,
lease, construction, reconstruction, improvement, |
21 |
| remodeling, addition to,
and extension and maintenance of all |
22 |
| or part of such high technology park,
and all equipment and |
23 |
| furnishings, by legislative appropriations, government
grants, |
24 |
| contracts, private gifts, loans, receipts from the operation of
|
25 |
| such high technology park, rentals and similar receipts; and |
26 |
| may make its
other facilities and services available to tenants |
|
|
|
09600SB0642ham008 |
- 27 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| or other occupants of
any such park at rates which are |
2 |
| reasonable and appropriate ; .
|
3 |
| (13) To borrow money, as necessary, from time to time in |
4 |
| anticipation of receiving tuition, payments from the State of |
5 |
| Illinois, or other revenues or receipts of the University, also |
6 |
| known as anticipated moneys. The borrowing limit shall be |
7 |
| capped at 100% of the total amount of payroll and other expense |
8 |
| vouchers submitted and payable to the University for fiscal |
9 |
| year 2010 expenses, but unpaid at the State Comptroller's |
10 |
| office. Prior to borrowing any funds, the University shall |
11 |
| request from the Comptroller's office a verification of the |
12 |
| borrowing limit and shall include the estimated date on which |
13 |
| such borrowing shall occur. The borrowing limit cap shall be |
14 |
| verified by State Comptroller's office not prior to 45 days |
15 |
| before any estimated date for executing any promissory note or |
16 |
| line of credit established under this item (13). The principal |
17 |
| amount borrowed under a promissory note or line of credit shall |
18 |
| not exceed 75% of the borrowing limit. Within 15 days after |
19 |
| borrowing funds under any promissory note or line of credit |
20 |
| established under this item (13), the University shall submit |
21 |
| to the Governor's Office of Management and Budget, the Speaker |
22 |
| of the House of Representatives, the Minority Leader of the |
23 |
| House of Representatives, the President of the Senate, and |
24 |
| Minority Leader of the Senate, an Emergency Short Term Cash |
25 |
| Management Plan. The Emergency Short Term Cash Management Plan |
26 |
| shall outline the amount borrowed, the terms for repayment, the |
|
|
|
09600SB0642ham008 |
- 28 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| amount of outstanding State vouchers as verified by the State |
2 |
| Comptroller's office, and the University's plan for |
3 |
| expenditure of any borrowed funds, including, but not limited |
4 |
| to, a detailed plan to meet payroll obligations to include |
5 |
| collective bargaining employees, civil service employees, and |
6 |
| academic, research, and health care personnel. The |
7 |
| establishment of any promissory note or line of credit |
8 |
| established under this item (13) must be finalized within 90 |
9 |
| days after the effective date of this amendatory Act of the |
10 |
| 96th General Assembly. The borrowed moneys shall be applied to |
11 |
| the purposes of paying salaries and other expenses lawfully |
12 |
| authorized in the University's State appropriation and unpaid |
13 |
| by the State Comptroller. Any line of credit established under |
14 |
| this item (13) shall be paid in full one year after creation or |
15 |
| within 10 days after the date the University receives |
16 |
| reimbursement from the State for all submitted fiscal year 2010 |
17 |
| vouchers, whichever is earlier. Any promissory note |
18 |
| established under this item (13) shall be repaid within one |
19 |
| year after issuance of the note. The Chairman, Comptroller, or |
20 |
| Treasurer of the Board shall execute a promissory note or |
21 |
| similar debt instrument to evidence the indebtedness incurred |
22 |
| by the borrowing. In connection with a borrowing, the Board may |
23 |
| establish a line of credit with a financial institution, |
24 |
| investment bank, or broker/dealer.
The obligation to make the |
25 |
| payments due under any promissory note or line of credit |
26 |
| established under this item (13) shall be a lawful obligation |
|
|
|
09600SB0642ham008 |
- 29 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| of the University payable from the anticipated moneys. Any |
2 |
| borrowing under this item (13) shall not constitute a debt, |
3 |
| legal or moral, of the State and shall not be enforceable |
4 |
| against the State. The promissory note or line of credit shall |
5 |
| be authorized by a resolution passed by the Board and shall be |
6 |
| valid whether or not a budgeted item with respect to that |
7 |
| resolution is included in any annual or supplemental budget |
8 |
| adopted by the Board. The resolution shall set forth facts |
9 |
| demonstrating the need for the borrowing, state an amount that |
10 |
| the amount to be borrowed will not exceed, and establish a |
11 |
| maximum interest rate limit not to exceed the maximum rate |
12 |
| authorized by the Bond Authorization Act or 9%, whichever is |
13 |
| less. The resolution may direct the Comptroller or Treasurer of |
14 |
| the Board to make arrangements to set apart and hold the |
15 |
| portion of the anticipated moneys, as received, that shall be |
16 |
| used to repay the borrowing, subject to any prior pledges or |
17 |
| restrictions with respect to the anticipated moneys. The |
18 |
| resolution may also authorize the Treasurer of the Board to |
19 |
| make partial repayments of the borrowing as the anticipated |
20 |
| moneys become available and may contain any other terms, |
21 |
| restrictions, or limitations not inconsistent with the powers |
22 |
| of the Board. |
23 |
| For the purposes of this item (13), "financial institution" |
24 |
| means any bank subject to the Illinois Banking Act, any savings |
25 |
| and loan association subject to the Illinois Savings and Loan |
26 |
| Act of 1985, and any federally chartered commercial bank or |
|
|
|
09600SB0642ham008 |
- 30 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| savings and loan association or government-sponsored |
2 |
| enterprise organized and operated in this State pursuant to the |
3 |
| laws of the United States. |
4 |
| (Source: P.A. 91-883, eff. 1-1-01.)
|
5 |
| Section 20. The Eastern Illinois University Law is amended |
6 |
| by changing Section 10-45 as follows:
|
7 |
| (110 ILCS 665/10-45)
|
8 |
| Sec. 10-45. Powers and duties.
|
9 |
| (a) The Board also shall have power and
it shall be its |
10 |
| duty:
|
11 |
| (1) To make rules, regulations and bylaws, not |
12 |
| inconsistent with
law, for the government and management of |
13 |
| Eastern Illinois University
and its branches.
|
14 |
| (2) To employ, and, for good cause, to remove a |
15 |
| President of Eastern
Illinois University, and all |
16 |
| necessary deans, professors, associate
professors, |
17 |
| assistant professors, instructors, other educational and
|
18 |
| administrative assistants, and all other necessary |
19 |
| employees, and to prescribe
their duties and contract with |
20 |
| them upon matters relating to tenure, salaries
and |
21 |
| retirement benefits in accordance with
the State |
22 |
| Universities Civil Service Act. Whenever the Board |
23 |
| establishes a
search committee to fill the position of |
24 |
| President of Eastern Illinois
University, there shall be |
|
|
|
09600SB0642ham008 |
- 31 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| minority representation, including women, on that
search |
2 |
| committee. The Board shall, upon the written request
of an |
3 |
| employee of Eastern Illinois University, withhold from the |
4 |
| compensation
of that employee any dues, payments or |
5 |
| contributions payable by such employee
to any labor |
6 |
| organization as defined in the Illinois Educational Labor
|
7 |
| Relations
Act. Under such arrangement, an amount shall be |
8 |
| withheld from each regular
payroll period which is equal to |
9 |
| the pro rata share of the annual dues plus
any payments or |
10 |
| contributions, and the Board shall transmit such |
11 |
| withholdings
to the specified labor organization within 10 |
12 |
| working days from the time
of the withholding.
|
13 |
| (3) To prescribe the courses of study to be followed, |
14 |
| and textbooks
and apparatus to be used at Eastern Illinois |
15 |
| University.
|
16 |
| (4) To issue upon the recommendation of the faculty, |
17 |
| diplomas to such
persons as have satisfactorily completed |
18 |
| the required studies of
Eastern Illinois University, and |
19 |
| confer such professional and literary
degrees as are |
20 |
| usually conferred by other institutions of like character
|
21 |
| for similar or equivalent courses of study, or such as the |
22 |
| Board may
deem appropriate.
|
23 |
| (5) To examine into the conditions, management, and |
24 |
| administration of
Eastern Illinois University, to provide |
25 |
| the requisite buildings,
apparatus, equipment and |
26 |
| auxiliary enterprises, and to fix and collect
|
|
|
|
09600SB0642ham008 |
- 32 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| matriculation fees; tuition fees; fees for student |
2 |
| activities; fees for
student facilities such as student |
3 |
| union buildings or field houses or
stadia or other |
4 |
| recreational facilities; student welfare fees;
laboratory |
5 |
| fees; and similar fees for supplies and materials.
The |
6 |
| expense of the building, improving, repairing and |
7 |
| supplying fuel and
furniture and the necessary appliances |
8 |
| and apparatus for conducting Eastern
Illinois
University, |
9 |
| the reimbursed expenses of members of the Board, and the
|
10 |
| salaries or compensation of the President, assistants, |
11 |
| agents and other
employees of Eastern Illinois University, |
12 |
| shall be a charge upon the State
Treasury. All
other |
13 |
| expenses shall be chargeable against students, and the |
14 |
| Board shall
regulate the charges accordingly.
|
15 |
| (6) To succeed to and to administer all trusts, trust |
16 |
| property, and
gifts now or hereafter belonging or |
17 |
| pertaining to Eastern Illinois
University.
|
18 |
| (7) To accept endowments of professorships or |
19 |
| departments in Eastern
Illinois University from any person |
20 |
| who may proffer them and, at regular
meetings, to prescribe |
21 |
| rules and regulations in relation to endowments
and declare |
22 |
| on what general principles they may be accepted.
|
23 |
| (8) To enter into contracts with the Federal government |
24 |
| for providing
courses of instruction and other services at |
25 |
| Eastern Illinois
University for persons serving in or with |
26 |
| the military or naval forces
of the United States, and to |
|
|
|
09600SB0642ham008 |
- 33 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| provide such courses of instruction and
other services.
|
2 |
| (9) To contract with respect to the Cooperative |
3 |
| Computer Center to obtain
services related to electronic |
4 |
| data processing.
|
5 |
| (10) To provide for the receipt and expenditures of |
6 |
| Federal funds
paid to Eastern Illinois University by the |
7 |
| Federal government for
instruction and other services for |
8 |
| persons serving in or with the
military or naval forces of |
9 |
| the United States, and to provide for audits
of such funds.
|
10 |
| (11) To appoint, subject to the applicable civil |
11 |
| service law, persons
to be members of the Eastern Illinois |
12 |
| University Police Department.
Members of the Police |
13 |
| Department shall be conservators of the peace and
as such |
14 |
| have all powers possessed by policemen in cities, and |
15 |
| sheriffs,
including the power to make arrests on view or |
16 |
| warrants of violations of
State statutes, University rules |
17 |
| and regulations and city or county
ordinances, except that |
18 |
| they may exercise such powers only within
counties wherein |
19 |
| Eastern Illinois University and any of its branches or
|
20 |
| properties are located when such is required for the |
21 |
| protection of University
properties and interests, and its |
22 |
| students and personnel, and otherwise,
within such |
23 |
| counties, when requested by appropriate State
or local law |
24 |
| enforcement officials. However, such officers shall have |
25 |
| no
power to serve and execute civil processes.
|
26 |
| The Board must authorize to each member of the Eastern |
|
|
|
09600SB0642ham008 |
- 34 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| Illinois University
Police
Department
and to any other |
2 |
| employee of Eastern Illinois University exercising the |
3 |
| powers
of a peace officer
a distinct badge
that, on its |
4 |
| face, (i) clearly states that the badge is authorized by |
5 |
| Eastern
Illinois
University and
(ii) contains a unique |
6 |
| identifying number.
No other badge shall be authorized by
|
7 |
| Eastern Illinois University.
|
8 |
| (12) To borrow money, as necessary, from time to time |
9 |
| in anticipation of receiving tuition, payments from the |
10 |
| State of Illinois, or other revenues or receipts of the |
11 |
| University, also known as anticipated moneys. The |
12 |
| borrowing limit shall be capped at 100% of the total amount |
13 |
| of payroll and other expense vouchers submitted and payable |
14 |
| to the University for fiscal year 2010 expenses, but unpaid |
15 |
| at the State Comptroller's office. Prior to borrowing any |
16 |
| funds, the University shall request from the Comptroller's |
17 |
| office a verification of the borrowing limit and shall |
18 |
| include the estimated date on which such borrowing shall |
19 |
| occur. The borrowing limit cap shall be verified by State |
20 |
| Comptroller's office not prior to 45 days before any |
21 |
| estimated date for executing any promissory note or line of |
22 |
| credit established under this item (12). The principal |
23 |
| amount borrowed under a promissory note or line of credit |
24 |
| shall not exceed 75% of the borrowing limit. Within 15 days |
25 |
| after borrowing funds under any promissory note or line of |
26 |
| credit established under this item (12), the University |
|
|
|
09600SB0642ham008 |
- 35 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| shall submit to the Governor's Office of Management and |
2 |
| Budget, the Speaker of the House of Representatives, the |
3 |
| Minority Leader of the House of Representatives, the |
4 |
| President of the Senate, and Minority Leader of the Senate, |
5 |
| an Emergency Short Term Cash Management Plan. The Emergency |
6 |
| Short Term Cash Management Plan shall outline the amount |
7 |
| borrowed, the terms for repayment, the amount of |
8 |
| outstanding State vouchers as verified by the State |
9 |
| Comptroller's office, and the University's plan for |
10 |
| expenditure of any borrowed funds, including, but not |
11 |
| limited to, a detailed plan to meet payroll obligations to |
12 |
| include collective bargaining employees, civil service |
13 |
| employees, and academic, research, and health care |
14 |
| personnel. The establishment of any promissory note or line |
15 |
| of credit established under this item (12) must be |
16 |
| finalized within 90 days after the effective date of this |
17 |
| amendatory Act of the 96th General Assembly. The borrowed |
18 |
| moneys shall be applied to the purposes of paying salaries |
19 |
| and other expenses lawfully authorized in the University's |
20 |
| State appropriation and unpaid by the State Comptroller. |
21 |
| Any line of credit established under this item (12) shall |
22 |
| be paid in full one year after creation or within 10 days |
23 |
| after the date the University receives reimbursement from |
24 |
| the State for all submitted fiscal year 2010 vouchers, |
25 |
| whichever is earlier. Any promissory note established |
26 |
| under this item (12) shall be repaid within one year after |
|
|
|
09600SB0642ham008 |
- 36 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| issuance of the note. The Chairman, Comptroller, or |
2 |
| Treasurer of the Board shall execute a promissory note or |
3 |
| similar debt instrument to evidence the indebtedness |
4 |
| incurred by the borrowing. In connection with a borrowing, |
5 |
| the Board may establish a line of credit with a financial |
6 |
| institution, investment bank, or broker/dealer.
The |
7 |
| obligation to make the payments due under any promissory |
8 |
| note or line of credit established under this item (12) |
9 |
| shall be a lawful obligation of the University payable from |
10 |
| the anticipated moneys. Any borrowing under this item (12) |
11 |
| shall not constitute a debt, legal or moral, of the State |
12 |
| and shall not be enforceable against the State. The |
13 |
| promissory note or line of credit shall be authorized by a |
14 |
| resolution passed by the Board and shall be valid whether |
15 |
| or not a budgeted item with respect to that resolution is |
16 |
| included in any annual or supplemental budget adopted by |
17 |
| the Board. The resolution shall set forth facts |
18 |
| demonstrating the need for the borrowing, state an amount |
19 |
| that the amount to be borrowed will not exceed, and |
20 |
| establish a maximum interest rate limit not to exceed the |
21 |
| maximum rate authorized by the Bond Authorization Act or |
22 |
| 9%, whichever is less. The resolution may direct the |
23 |
| Comptroller or Treasurer of the Board to make arrangements |
24 |
| to set apart and hold the portion of the anticipated |
25 |
| moneys, as received, that shall be used to repay the |
26 |
| borrowing, subject to any prior pledges or restrictions |
|
|
|
09600SB0642ham008 |
- 37 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| with respect to the anticipated moneys. The resolution may |
2 |
| also authorize the Treasurer of the Board to make partial |
3 |
| repayments of the borrowing as the anticipated moneys |
4 |
| become available and may contain any other terms, |
5 |
| restrictions, or limitations not inconsistent with the |
6 |
| powers of the Board. |
7 |
| For the purposes of this item (12), "financial |
8 |
| institution" means any bank subject to the Illinois Banking |
9 |
| Act, any savings and loan association subject to the |
10 |
| Illinois Savings and Loan Act of 1985, and any federally |
11 |
| chartered commercial bank or savings and loan association |
12 |
| or government-sponsored enterprise organized and operated |
13 |
| in this State pursuant to the laws of the United States. |
14 |
| (b) The Board may, directly or in cooperation with other
|
15 |
| institutions
of higher education, acquire by purchase or lease |
16 |
| or otherwise, and construct,
enlarge, improve, equip, |
17 |
| complete, operate, control and manage research
and high |
18 |
| technology parks, together with the necessary lands, |
19 |
| buildings,
facilities, equipment, and personal property |
20 |
| therefor,
to encourage and facilitate (i) the location and |
21 |
| development of business
and industry in the State of Illinois, |
22 |
| and (ii) the increased application
and development of |
23 |
| technology, and (iii) the improvement and development of
the |
24 |
| State's economy. The Board may lease to nonprofit corporations
|
25 |
| all or any part
of the land, buildings, facilities, equipment |
26 |
| or other property included
in a research and high technology |
|
|
|
09600SB0642ham008 |
- 38 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| park upon such terms and conditions
as the Board may deem |
2 |
| advisable and enter into any contract or
agreement with such |
3 |
| nonprofit corporations as may be necessary or suitable
for the |
4 |
| construction, financing, operation and maintenance and |
5 |
| management
of any such park; and may lease to any person, firm, |
6 |
| partnership or
corporation,
either public or private, any part |
7 |
| or all of the land, building, facilities,
equipment or other |
8 |
| property of such park for such purposes and upon such
rentals, |
9 |
| terms and conditions as the Board may deem advisable; and
may |
10 |
| finance all or part of the cost of any such park, including the |
11 |
| purchase,
lease, construction, reconstruction, improvement, |
12 |
| remodeling, addition to,
and extension and maintenance of all |
13 |
| or part of such high technology park,
and all equipment and |
14 |
| furnishings, by legislative appropriations, government
grants, |
15 |
| contracts, private gifts, loans, receipts from the operation of
|
16 |
| such high technology park, rentals and similar receipts; and |
17 |
| may make its
other facilities and services available to tenants |
18 |
| or other occupants of
any such park at rates which are |
19 |
| reasonable and appropriate.
|
20 |
| (c) The Board may sell the following described property |
21 |
| without compliance
with
the State Property Control Act and |
22 |
| retain the proceeds in the University
treasury in a
special, |
23 |
| separate development fund account that the Auditor General |
24 |
| shall
examine to
assure compliance with this Law:
|
25 |
| Lots 511 and 512 in Heritage Woods V, Charleston, Coles |
26 |
| County,
Illinois.
|
|
|
|
09600SB0642ham008 |
- 39 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| Revenues from the development fund account may be withdrawn by |
2 |
| the University
for
the purpose of upgrading the on-campus |
3 |
| formal reception facility. Moneys from
the
development fund |
4 |
| account used for any other purpose must be deposited into and
|
5 |
| appropriated from the General Revenue Fund.
|
6 |
| (Source: P.A. 91-251, eff. 7-22-99; 91-883, eff. 1-1-01.)
|
7 |
| Section 25. The Governors State University Law is amended |
8 |
| by changing Section 15-45 as follows:
|
9 |
| (110 ILCS 670/15-45)
|
10 |
| Sec. 15-45. Powers and duties. The Board also shall have |
11 |
| power and
it shall be its duty:
|
12 |
| (1) To make rules, regulations and bylaws, not inconsistent |
13 |
| with
law, for the government and management of Governors State |
14 |
| University
and its branches;
|
15 |
| (2) To employ, and, for good cause, to remove a President |
16 |
| of Governors State
University, and all necessary deans, |
17 |
| professors, associate
professors, assistant professors, |
18 |
| instructors, other educational and
administrative assistants, |
19 |
| and all other necessary employees, and to prescribe
their |
20 |
| duties and contract with them upon matters relating to tenure, |
21 |
| salaries
and retirement benefits in accordance with
the State |
22 |
| Universities Civil Service Act. Whenever the Board establishes |
23 |
| a
search committee to fill the position of President of |
24 |
| Governors State
University, there shall be minority |
|
|
|
09600SB0642ham008 |
- 40 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| representation, including women, on that
search committee. The |
2 |
| Board shall, upon the written request
of an employee of |
3 |
| Governors State University, withhold from the compensation
of |
4 |
| that employee any dues, payments or contributions payable by |
5 |
| such employee
to any labor organization as defined in the |
6 |
| Illinois Educational Labor
Relations
Act. Under such |
7 |
| arrangement, an amount shall be withheld from each regular
|
8 |
| payroll period which is equal to the pro rata share of the |
9 |
| annual dues plus
any payments or contributions, and the Board |
10 |
| shall transmit such withholdings
to the specified labor |
11 |
| organization within 10 working days from the time
of the |
12 |
| withholding;
|
13 |
| (3) To prescribe the courses of study to be followed, and |
14 |
| textbooks
and apparatus to be used at Governors State |
15 |
| University;
|
16 |
| (4) To issue upon the recommendation of the faculty, |
17 |
| diplomas to such
persons as have satisfactorily completed the |
18 |
| required studies of
Governors State University, and confer such |
19 |
| professional and literary
degrees as are usually conferred by |
20 |
| other institutions of like character
for similar or equivalent |
21 |
| courses of study, or such as the Board may
deem appropriate;
|
22 |
| (5) To examine into the conditions, management, and |
23 |
| administration of
Governors State University, to provide the |
24 |
| requisite buildings,
apparatus, equipment and auxiliary |
25 |
| enterprises, and to fix and collect
matriculation fees; tuition |
26 |
| fees; fees for student activities; fees for
student facilities |
|
|
|
09600SB0642ham008 |
- 41 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| such as student union buildings or field houses or
stadia or |
2 |
| other recreational facilities; student welfare fees;
|
3 |
| laboratory fees; and similar fees for supplies and materials.
|
4 |
| The expense of the building, improving, repairing and supplying |
5 |
| fuel and
furniture and the necessary appliances and apparatus |
6 |
| for conducting Governors
State University, the reimbursed |
7 |
| expenses of members of the Board, and the
salaries or |
8 |
| compensation of the President, assistants, agents and other
|
9 |
| employees of Governors State University, shall be a charge upon |
10 |
| the State
Treasury. All
other expenses shall be chargeable |
11 |
| against students, and the Board shall
regulate the charges |
12 |
| accordingly;
|
13 |
| (6) To succeed to and to administer all trusts, trust |
14 |
| property, and
gifts now or hereafter belonging or pertaining to |
15 |
| Governors State
University;
|
16 |
| (7) To accept endowments of professorships or departments |
17 |
| in Governors State
University from any person who may proffer |
18 |
| them and, at regular
meetings, to prescribe rules and |
19 |
| regulations in relation to endowments
and declare on what |
20 |
| general principles they may be accepted;
|
21 |
| (8) To enter into contracts with the Federal government for |
22 |
| providing
courses of instruction and other services at |
23 |
| Governors State
University for persons serving in or with the |
24 |
| military or naval forces
of the United States, and to provide |
25 |
| such courses of instruction and
other services;
|
26 |
| (9) To operate, maintain, and contract with respect to the |
|
|
|
09600SB0642ham008 |
- 42 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| Cooperative
Computer Center for its own purposes and to provide |
2 |
| services related to
electronic data processing to other public |
3 |
| and private colleges and
universities, to governmental |
4 |
| agencies, and to public or private not-for-profit
agencies; and |
5 |
| to examine
the conditions, management, and administration of |
6 |
| the Cooperative Computer
Center;
|
7 |
| (10) To provide for the receipt and expenditures of Federal |
8 |
| funds
paid to Governors State University by the Federal |
9 |
| government for
instruction and other services for persons |
10 |
| serving in or with the
military or naval forces of the United |
11 |
| States, and to provide for audits
of such funds;
|
12 |
| (11) To appoint, subject to the applicable civil service |
13 |
| law, persons
to be members of the Governors State University |
14 |
| Police Department.
Members of the Police Department shall be |
15 |
| conservators of the peace and
as such have all powers possessed |
16 |
| by policemen in cities, and sheriffs,
including the power to |
17 |
| make arrests on view or warrants of violations of
State |
18 |
| statutes, University rules and regulations and city or county
|
19 |
| ordinances, except that they may exercise such powers only |
20 |
| within
counties wherein Governors State University and any of |
21 |
| its branches or
properties are located when such is required |
22 |
| for the protection of University
properties and interests, and |
23 |
| its students and personnel, and otherwise,
within such |
24 |
| counties, when requested by appropriate State
or local law |
25 |
| enforcement officials. However, such officers shall have no
|
26 |
| power to serve and execute civil processes.
|
|
|
|
09600SB0642ham008 |
- 43 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| The Board must authorize to each member of the Governors |
2 |
| State University
Police
Department
and to any other employee of |
3 |
| Governors State University exercising the powers
of a peace |
4 |
| officer
a distinct badge
that, on its face, (i) clearly states |
5 |
| that the badge is authorized by Governors
State
University and
|
6 |
| (ii) contains a unique identifying number.
No other badge shall |
7 |
| be authorized by
Governors State University;
|
8 |
| (12) The Board may, directly or in cooperation with other |
9 |
| institutions
of higher education, acquire by purchase or lease |
10 |
| or otherwise, and construct,
enlarge, improve, equip, |
11 |
| complete, operate, control and manage research
and high |
12 |
| technology parks, together with the necessary lands, |
13 |
| buildings,
facilities, equipment, and personal property |
14 |
| therefor,
to encourage and facilitate (i) the location and |
15 |
| development of business
and industry in the State of Illinois, |
16 |
| and (ii) the increased application
and development of |
17 |
| technology, and (iii) the improvement and development of
the |
18 |
| State's economy. The Board may lease to nonprofit corporations
|
19 |
| all or any part
of the land, buildings, facilities, equipment |
20 |
| or other property included
in a research and high technology |
21 |
| park upon such terms and conditions
as the Board may deem |
22 |
| advisable and enter into any contract or
agreement with such |
23 |
| nonprofit corporations as may be necessary or suitable
for the |
24 |
| construction, financing, operation and maintenance and |
25 |
| management
of any such park; and may lease to any person, firm, |
26 |
| partnership or
corporation,
either public or private, any part |
|
|
|
09600SB0642ham008 |
- 44 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| or all of the land, building, facilities,
equipment or other |
2 |
| property of such park for such purposes and upon such
rentals, |
3 |
| terms and conditions as the Board may deem advisable; and
may |
4 |
| finance all or part of the cost of any such park, including the |
5 |
| purchase,
lease, construction, reconstruction, improvement, |
6 |
| remodeling, addition to,
and extension and maintenance of all |
7 |
| or part of such high technology park,
and all equipment and |
8 |
| furnishings, by legislative appropriations, government
grants, |
9 |
| contracts, private gifts, loans, receipts from the operation of
|
10 |
| such high technology park, rentals and similar receipts; and |
11 |
| may make its
other facilities and services available to tenants |
12 |
| or other occupants of
any such park at rates which are |
13 |
| reasonable and appropriate ; .
|
14 |
| (13) To borrow money, as necessary, from time to time in |
15 |
| anticipation of receiving tuition, payments from the State of |
16 |
| Illinois, or other revenues or receipts of the University, also |
17 |
| known as anticipated moneys. The borrowing limit shall be |
18 |
| capped at 100% of the total amount of payroll and other expense |
19 |
| vouchers submitted and payable to the University for fiscal |
20 |
| year 2010 expenses, but unpaid at the State Comptroller's |
21 |
| office. Prior to borrowing any funds, the University shall |
22 |
| request from the Comptroller's office a verification of the |
23 |
| borrowing limit and shall include the estimated date on which |
24 |
| such borrowing shall occur. The borrowing limit cap shall be |
25 |
| verified by State Comptroller's office not prior to 45 days |
26 |
| before any estimated date for executing any promissory note or |
|
|
|
09600SB0642ham008 |
- 45 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| line of credit established under this item (13). The principal |
2 |
| amount borrowed under a promissory note or line of credit shall |
3 |
| not exceed 75% of the borrowing limit. Within 15 days after |
4 |
| borrowing funds under any promissory note or line of credit |
5 |
| established under this item (13), the University shall submit |
6 |
| to the Governor's Office of Management and Budget, the Speaker |
7 |
| of the House of Representatives, the Minority Leader of the |
8 |
| House of Representatives, the President of the Senate, and |
9 |
| Minority Leader of the Senate, an Emergency Short Term Cash |
10 |
| Management Plan. The Emergency Short Term Cash Management Plan |
11 |
| shall outline the amount borrowed, the terms for repayment, the |
12 |
| amount of outstanding State vouchers as verified by the State |
13 |
| Comptroller's office, and the University's plan for |
14 |
| expenditure of any borrowed funds, including, but not limited |
15 |
| to, a detailed plan to meet payroll obligations for all |
16 |
| collective bargaining employees, civil service employees, and |
17 |
| academic, research, and health care personnel. The |
18 |
| establishment of any promissory note or line of credit |
19 |
| established under this item (13) must be finalized within 90 |
20 |
| days after the effective date of this amendatory Act of the |
21 |
| 96th General Assembly. The borrowed moneys shall be applied to |
22 |
| the purposes of paying salaries and other expenses lawfully |
23 |
| authorized in the University's State appropriation and unpaid |
24 |
| by the State Comptroller. Any line of credit established under |
25 |
| this item (13) shall be paid in full one year after creation or |
26 |
| on such date as the University receives reimbursement from the |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
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|
1 |
| State for all submitted fiscal year 2010 vouchers, whichever is |
2 |
| earlier. Any promissory note established under this item (13) |
3 |
| shall be repaid within one year after issuance of the note. The |
4 |
| Chairman, Comptroller, or Treasurer of the Board shall execute |
5 |
| a promissory note or similar debt instrument to evidence the |
6 |
| indebtedness incurred by the borrowing. In connection with a |
7 |
| borrowing, the Board may establish a line of credit with a |
8 |
| financial institution, investment bank, or broker/dealer.
The |
9 |
| obligation to make the payments due under any promissory note |
10 |
| or line of credit established under this item (13) shall be a |
11 |
| lawful obligation of the University payable from the |
12 |
| anticipated moneys. Any borrowing under this item (13) shall |
13 |
| not constitute a debt, legal or moral, of the State and shall |
14 |
| not be enforceable against the State. The line of credit shall |
15 |
| be authorized by a resolution passed by the Board and shall be |
16 |
| valid whether or not a budgeted item with respect to that |
17 |
| resolution is included in any annual or supplemental budget |
18 |
| adopted by the Board. The resolution shall set forth facts |
19 |
| demonstrating the need for the borrowing, state an amount that |
20 |
| the amount to be borrowed will not exceed, and establish a |
21 |
| maximum interest rate limit not to exceed the maximum rate |
22 |
| authorized by the Bond Authorization Act or 9%, whichever is |
23 |
| less. The resolution may direct the Comptroller or Treasurer of |
24 |
| the Board to make arrangements to set apart and hold the |
25 |
| portion of the anticipated moneys, as received, that shall be |
26 |
| used to repay the borrowing, subject to any prior pledges or |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
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|
1 |
| restrictions with respect to the anticipated moneys. The |
2 |
| resolution may also authorize the Treasurer of the Board to |
3 |
| make partial repayments of the borrowing as the anticipated |
4 |
| moneys become available and may contain any other terms, |
5 |
| restrictions, or limitations not inconsistent with the powers |
6 |
| of the Board. |
7 |
| For the purposes of this item (13), "financial institution" |
8 |
| means any bank subject to the Illinois Banking Act, any savings |
9 |
| and loan association subject to the Illinois Savings and Loan |
10 |
| Act of 1985, and any federally chartered commercial bank or |
11 |
| savings and loan association or government-sponsored |
12 |
| enterprise organized and operated in this State pursuant to the |
13 |
| laws of the United States. |
14 |
| (Source: P.A. 91-883, eff. 1-1-01.)
|
15 |
| Section 30. The Illinois State University Law is amended by |
16 |
| changing Section 20-45 as follows:
|
17 |
| (110 ILCS 675/20-45)
|
18 |
| Sec. 20-45. Powers and duties. The Board also shall have |
19 |
| power and
it shall be its duty:
|
20 |
| (1) To make rules, regulations and bylaws, not inconsistent |
21 |
| with
law, for the government and management of Illinois State |
22 |
| University
and its branches;
|
23 |
| (2) To employ, and, for good cause, to remove a President |
24 |
| of Illinois State
University, and all necessary deans, |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
|
|
1 |
| professors, associate
professors, assistant professors, |
2 |
| instructors, other educational and
administrative assistants, |
3 |
| and all other necessary employees, and to prescribe
their |
4 |
| duties and contract with them upon matters relating to tenure, |
5 |
| salaries
and retirement benefits in accordance with
the State |
6 |
| Universities Civil Service Act. Whenever the Board establishes |
7 |
| a
search committee to fill the position of President of |
8 |
| Illinois State
University, there shall be minority |
9 |
| representation, including women, on that
search committee. The |
10 |
| Board shall, upon the written request
of an employee of |
11 |
| Illinois State University, withhold from the compensation
of |
12 |
| that employee any dues, payments or contributions payable by |
13 |
| such employee
to any labor organization as defined in the |
14 |
| Illinois Educational Labor
Relations
Act. Under such |
15 |
| arrangement, an amount shall be withheld from each regular
|
16 |
| payroll period which is equal to the pro rata share of the |
17 |
| annual dues plus
any payments or contributions, and the Board |
18 |
| shall transmit such withholdings
to the specified labor |
19 |
| organization within 10 working days from the time
of the |
20 |
| withholding;
|
21 |
| (3) To prescribe the courses of study to be followed, and |
22 |
| textbooks
and apparatus to be used at Illinois State |
23 |
| University;
|
24 |
| (4) To issue upon the recommendation of the faculty, |
25 |
| diplomas to such
persons as have satisfactorily completed the |
26 |
| required studies of
Illinois State University, and confer such |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
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|
1 |
| professional and literary
degrees as are usually conferred by |
2 |
| other institutions of like character
for similar or equivalent |
3 |
| courses of study, or such as the Board may
deem appropriate;
|
4 |
| (5) To examine into the conditions, management, and |
5 |
| administration of
Illinois State University, to provide the |
6 |
| requisite buildings,
apparatus, equipment and auxiliary |
7 |
| enterprises, and to fix and collect
matriculation fees; tuition |
8 |
| fees; fees for student activities; fees for
student facilities |
9 |
| such as student union buildings or field houses or
stadia or |
10 |
| other recreational facilities; student welfare fees;
|
11 |
| laboratory fees; and similar fees for supplies and materials.
|
12 |
| The expense of the building, improving, repairing and supplying |
13 |
| fuel and
furniture and the necessary appliances and apparatus |
14 |
| for conducting Illinois
State University, the reimbursed |
15 |
| expenses of members of the Board, and the
salaries or |
16 |
| compensation of the President, assistants, agents and other
|
17 |
| employees of Illinois State University, shall be a charge upon |
18 |
| the State
Treasury. All
other expenses shall be chargeable |
19 |
| against students, and the Board shall
regulate the charges |
20 |
| accordingly;
|
21 |
| (6) To succeed to and to administer all trusts, trust |
22 |
| property, and
gifts now or hereafter belonging or pertaining to |
23 |
| Illinois State
University;
|
24 |
| (7) To accept endowments of professorships or departments |
25 |
| in Illinois State
University from any person who may proffer |
26 |
| them and, at regular
meetings, to prescribe rules and |
|
|
|
09600SB0642ham008 |
- 50 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| regulations in relation to endowments
and declare on what |
2 |
| general principles they may be accepted;
|
3 |
| (8) To enter into contracts with the Federal government for |
4 |
| providing
courses of instruction and other services at Illinois |
5 |
| State
University for persons serving in or with the military or |
6 |
| naval forces
of the United States, and to provide such courses |
7 |
| of instruction and
other services;
|
8 |
| (9) To contract with respect to the Cooperative Computer |
9 |
| Center to obtain
services related to electronic data |
10 |
| processing;
|
11 |
| (10) To provide for the receipt and expenditures of Federal |
12 |
| funds
paid to Illinois State University by the Federal |
13 |
| government for
instruction and other services for persons |
14 |
| serving in or with the
military or naval forces of the United |
15 |
| States, and to provide for audits
of such funds;
|
16 |
| (11) To appoint, subject to the applicable civil service |
17 |
| law, persons
to be members of the Illinois State University |
18 |
| Police Department.
Members of the Police Department shall be |
19 |
| conservators of the peace and
as such have all powers possessed |
20 |
| by policemen in cities, and sheriffs,
including the power to |
21 |
| make arrests on view or warrants of violations of
State |
22 |
| statutes, University rules and regulations and city or county
|
23 |
| ordinances, except that they may exercise such powers only |
24 |
| within
counties wherein Illinois State University and any of |
25 |
| its branches or
properties are located when such is required |
26 |
| for the protection of University
properties and interests, and |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
|
|
1 |
| its students and personnel, and otherwise,
within such |
2 |
| counties, when requested by appropriate State
or local law |
3 |
| enforcement officials. However, such officers shall have no
|
4 |
| power to serve and execute civil processes.
|
5 |
| The Board must authorize to each member of the Illinois |
6 |
| State University
Police
Department
and to any other employee of |
7 |
| Illinois State University exercising the powers
of a peace |
8 |
| officer
a distinct badge
that, on its face, (i) clearly states |
9 |
| that the badge is authorized by Illinois
State
University and |
10 |
| (ii)
contains a unique identifying number.
No other badge shall |
11 |
| be authorized by
Illinois State University;
|
12 |
| (12) The Board may, directly or in cooperation with other |
13 |
| institutions
of higher education, acquire by purchase or lease |
14 |
| or otherwise, and construct,
enlarge, improve, equip, |
15 |
| complete, operate, control and manage research
and high |
16 |
| technology parks, together with the necessary lands, |
17 |
| buildings,
facilities, equipment, and personal property |
18 |
| therefor,
to encourage and facilitate (i) the location and |
19 |
| development of business
and industry in the State of Illinois, |
20 |
| and (ii) the increased application
and development of |
21 |
| technology, and (iii) the improvement and development of
the |
22 |
| State's economy. The Board may lease to nonprofit corporations
|
23 |
| all or any part
of the land, buildings, facilities, equipment |
24 |
| or other property included
in a research and high technology |
25 |
| park upon such terms and conditions
as the Board may deem |
26 |
| advisable and enter into any contract or
agreement with such |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
|
|
1 |
| nonprofit corporations as may be necessary or suitable
for the |
2 |
| construction, financing, operation and maintenance and |
3 |
| management
of any such park; and may lease to any person, firm, |
4 |
| partnership or
corporation, either public or private, any part |
5 |
| or all of the land, building,
facilities,
equipment or other |
6 |
| property of such park for such purposes and upon such
rentals, |
7 |
| terms and conditions as the Board may deem advisable; and
may |
8 |
| finance all or part of the cost of any such park, including the |
9 |
| purchase,
lease, construction, reconstruction, improvement, |
10 |
| remodeling, addition to,
and extension and maintenance of all |
11 |
| or part of such high technology park,
and all equipment and |
12 |
| furnishings, by legislative appropriations, government
grants, |
13 |
| contracts, private gifts, loans, receipts from the operation of
|
14 |
| such high technology park, rentals and similar receipts; and |
15 |
| may make its
other facilities and services available to tenants |
16 |
| or other occupants of
any such park at rates which are |
17 |
| reasonable and appropriate;
|
18 |
| (13) To assist in the provision of lands, buildings, and |
19 |
| facilities that
are supportive of university purposes and |
20 |
| suitable and appropriate for the
conduct and operation of the |
21 |
| university's education programs, the
Board of Trustees of |
22 |
| Illinois State University may exercise the
powers specified in |
23 |
| subparagraphs (a), (b), and (c) of this paragraph (13) with
|
24 |
| regard to the following described property located near the
|
25 |
| Normal, Illinois campus of Illinois State University:
|
26 |
| Parcel 1: Approximately 300 acres that form a part of the |
|
|
|
09600SB0642ham008 |
- 53 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| Illinois State
University Farm in Section 20, Township 24 |
2 |
| North, Range 2 East of the Third
Principal Meridian in |
3 |
| McLean County, Illinois.
|
4 |
| Parcels 2 and 3: Lands located in the Northeast Quadrant of |
5 |
| the City of
Normal in McLean County, Illinois, one such |
6 |
| parcel consisting of approximately
150 acres located north |
7 |
| and east of the old Illinois Soldiers and Sailors
|
8 |
| Children's School campus, and another such parcel, located |
9 |
| in the Northeast
Quadrant of the old Soldiers and Sailors |
10 |
| Children's School Campus, consisting
of approximately |
11 |
| 1.03.
|
12 |
| (a) The Board of Trustees may sell, lease, or otherwise |
13 |
| transfer and
convey
all or part of the above described |
14 |
| parcels of real estate, together with the
improvements |
15 |
| situated thereon, to a bona fide purchaser for value, |
16 |
| without
compliance with the State Property Control Act and |
17 |
| on such terms as the Board
of Trustees shall determine are |
18 |
| in the best interests of Illinois State
University and |
19 |
| consistent with its objects and purposes.
|
20 |
| (b) The Board of Trustees may retain the proceeds from |
21 |
| the sale, lease, or
other transfer of all or any part of |
22 |
| the above described parcels of real estate
in the |
23 |
| University treasury, in a special, separate development |
24 |
| fund account
that the Auditor General shall examine to |
25 |
| assure the use or deposit of those
proceeds in a manner |
26 |
| consistent with the provisions of subparagraph (c) of this
|
|
|
|
09600SB0642ham008 |
- 54 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| paragraph (13).
|
2 |
| (c) Moneys from the development fund account may be |
3 |
| used by the Board of
Trustees of Illinois State University |
4 |
| to acquire and develop other land to
achieve the same |
5 |
| purposes for which the parcels of real estate described in
|
6 |
| this item (13), all or a part of which have been sold, |
7 |
| leased, or otherwise
transferred and conveyed, were used |
8 |
| and for the purpose of demolition and the
processes |
9 |
| associated with demolition on the acquired land. Moneys |
10 |
| from the
development fund account used for any other |
11 |
| purpose must be deposited into and
appropriated from the
|
12 |
| General Revenue Fund. Buildings or facilities leased to an |
13 |
| entity or person
other than the University shall not be |
14 |
| subject to any limitations applicable to
a State-supported |
15 |
| college or university under any law. All development on the
|
16 |
| land and all the use of any buildings or facilities shall |
17 |
| be subject to the
control and approval of the Board of |
18 |
| Trustees of Illinois State University ; .
|
19 |
| (14) To borrow money, as necessary, from time to time in |
20 |
| anticipation of receiving tuition, payments from the State of |
21 |
| Illinois, or other revenues or receipts of the University, also |
22 |
| known as anticipated moneys. The borrowing limit shall be |
23 |
| capped at 100% of the total amount of payroll and other expense |
24 |
| vouchers submitted and payable to the University for fiscal |
25 |
| year 2010 expenses, but unpaid at the State Comptroller's |
26 |
| office. Prior to borrowing any funds, the University shall |
|
|
|
09600SB0642ham008 |
- 55 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| request from the Comptroller's office a verification of the |
2 |
| borrowing limit and shall include the estimated date on which |
3 |
| such borrowing shall occur. The borrowing limit cap shall be |
4 |
| verified by State Comptroller's office not prior to 45 days |
5 |
| before any estimated date for executing any promissory note or |
6 |
| line of credit established under this item (14). The principal |
7 |
| amount borrowed under a promissory note or line of credit shall |
8 |
| not exceed 75% of the borrowing limit. Within 15 days after |
9 |
| borrowing funds under any promissory note or line of credit |
10 |
| established under this item (14), the University shall submit |
11 |
| to the Governor's Office of Management and Budget, the Speaker |
12 |
| of the House of Representatives, the Minority Leader of the |
13 |
| House of Representatives, the President of the Senate, and |
14 |
| Minority Leader of the Senate, an Emergency Short Term Cash |
15 |
| Management Plan. The Emergency Short Term Cash Management Plan |
16 |
| shall outline the amount borrowed, the terms for repayment, the |
17 |
| amount of outstanding State vouchers as verified by the State |
18 |
| Comptroller's office, and the University's plan for |
19 |
| expenditure of any borrowed funds, including, but not limited |
20 |
| to, a detailed plan to meet payroll obligations to include |
21 |
| collective bargaining employees, civil service employees, and |
22 |
| academic, research, and health care personnel. The |
23 |
| establishment of any promissory note or line of credit |
24 |
| established under this item (14) must be finalized within 90 |
25 |
| days after the effective date of this amendatory Act of the |
26 |
| 96th General Assembly. The borrowed moneys shall be applied to |
|
|
|
09600SB0642ham008 |
- 56 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| the purposes of paying salaries and other expenses lawfully |
2 |
| authorized in the University's State appropriation and unpaid |
3 |
| by the State Comptroller. Any line of credit established under |
4 |
| this item (14) shall be paid in full one year after creation or |
5 |
| within 10 days after the date the University receives |
6 |
| reimbursement from the State for all submitted fiscal year 2010 |
7 |
| vouchers, whichever is earlier. Any promissory note |
8 |
| established under this item (14) shall be repaid within one |
9 |
| year after issuance of the note. The Chairman, Comptroller, or |
10 |
| Treasurer of the Board shall execute a promissory note or |
11 |
| similar debt instrument to evidence the indebtedness incurred |
12 |
| by the borrowing. In connection with a borrowing, the Board may |
13 |
| establish a line of credit with a financial institution, |
14 |
| investment bank, or broker/dealer.
The obligation to make the |
15 |
| payments due under any promissory note or line of credit |
16 |
| established under this item (14) shall be a lawful obligation |
17 |
| of the University payable from the anticipated moneys. Any |
18 |
| borrowing under this item (14) shall not constitute a debt, |
19 |
| legal or moral, of the State and shall not be enforceable |
20 |
| against the State. The promissory note or line of credit shall |
21 |
| be authorized by a resolution passed by the Board and shall be |
22 |
| valid whether or not a budgeted item with respect to that |
23 |
| resolution is included in any annual or supplemental budget |
24 |
| adopted by the Board. The resolution shall set forth facts |
25 |
| demonstrating the need for the borrowing, state an amount that |
26 |
| the amount to be borrowed will not exceed, and establish a |
|
|
|
09600SB0642ham008 |
- 57 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| maximum interest rate limit not to exceed the maximum rate |
2 |
| authorized by the Bond Authorization Act or 9%, whichever is |
3 |
| less. The resolution may direct the Comptroller or Treasurer of |
4 |
| the Board to make arrangements to set apart and hold the |
5 |
| portion of the anticipated moneys, as received, that shall be |
6 |
| used to repay the borrowing, subject to any prior pledges or |
7 |
| restrictions with respect to the anticipated moneys. The |
8 |
| resolution may also authorize the Treasurer of the Board to |
9 |
| make partial repayments of the borrowing as the anticipated |
10 |
| moneys become available and may contain any other terms, |
11 |
| restrictions, or limitations not inconsistent with the powers |
12 |
| of the Board. |
13 |
| For the purposes of this item (14), "financial institution" |
14 |
| means any bank subject to the Illinois Banking Act, any savings |
15 |
| and loan association subject to the Illinois Savings and Loan |
16 |
| Act of 1985, and any federally chartered commercial bank or |
17 |
| savings and loan association or government-sponsored |
18 |
| enterprise organized and operated in this State pursuant to the |
19 |
| laws of the United States. |
20 |
| (Source: P.A. 91-396, eff. 7-30-99; 91-883, eff. 1-1-01.)
|
21 |
| Section 33. The Northeastern Illinois University Law is |
22 |
| amended by changing Section 25-45 as follows:
|
23 |
| (110 ILCS 680/25-45)
|
24 |
| Sec. 25-45. Powers and duties. The Board also shall have |
|
|
|
09600SB0642ham008 |
- 58 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| power and
it shall be its duty:
|
2 |
| (1) To make rules, regulations and bylaws, not inconsistent |
3 |
| with
law, for the government and management of Northeastern |
4 |
| Illinois University
and its branches;
|
5 |
| (2) To employ, and, for good cause, to remove a President |
6 |
| of Northeastern
Illinois
University, and all necessary deans, |
7 |
| professors, associate
professors, assistant professors, |
8 |
| instructors, other educational and
administrative assistants, |
9 |
| and all other necessary employees, and to prescribe
their |
10 |
| duties and contract with them upon matters relating to tenure, |
11 |
| salaries
and retirement benefits in accordance with
the State |
12 |
| Universities Civil Service Act. Whenever the Board establishes |
13 |
| a
search committee to fill the position of President of |
14 |
| Northeastern Illinois
University, there shall be minority |
15 |
| representation, including women, on that
search committee. The |
16 |
| Board shall, upon the written request
of an employee of |
17 |
| Northeastern Illinois University, withhold from the
|
18 |
| compensation
of that employee any dues, payments or |
19 |
| contributions payable by such employee
to any labor |
20 |
| organization as defined in the Illinois Educational Labor
|
21 |
| Relations
Act. Under such arrangement, an amount shall be |
22 |
| withheld from each regular
payroll period which is equal to the |
23 |
| pro rata share of the annual dues plus
any payments or |
24 |
| contributions, and the Board shall transmit such withholdings
|
25 |
| to the specified labor organization within 10 working days from |
26 |
| the time
of the withholding;
|
|
|
|
09600SB0642ham008 |
- 59 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| (3) To prescribe the courses of study to be followed, and |
2 |
| textbooks
and apparatus to be used at Northeastern Illinois |
3 |
| University;
|
4 |
| (4) To issue upon the recommendation of the faculty, |
5 |
| diplomas to such
persons as have satisfactorily completed the |
6 |
| required studies of
Northeastern Illinois University, and |
7 |
| confer such professional and literary
degrees as are usually |
8 |
| conferred by other institutions of like character
for similar |
9 |
| or equivalent courses of study, or such as the Board may
deem |
10 |
| appropriate;
|
11 |
| (5) To examine into the conditions, management, and |
12 |
| administration of
Northeastern Illinois University, to provide |
13 |
| the requisite buildings,
apparatus, equipment and auxiliary |
14 |
| enterprises, and to fix and collect
matriculation fees; tuition |
15 |
| fees; fees for student activities; fees for
student facilities |
16 |
| such as student union buildings or field houses or
stadia or |
17 |
| other recreational facilities; student welfare fees;
|
18 |
| laboratory fees; and similar fees for supplies and materials.
|
19 |
| The expense of the building, improving, repairing and supplying |
20 |
| fuel and
furniture and the necessary appliances and apparatus |
21 |
| for conducting Northeastern Illinois
University, the |
22 |
| reimbursed expenses of members of the Board, and the
salaries |
23 |
| or compensation of the President, assistants, agents and other
|
24 |
| employees of Northeastern Illinois University, shall be a |
25 |
| charge upon the State
Treasury. All
other expenses shall be |
26 |
| chargeable against students, and the Board shall
regulate the |
|
|
|
09600SB0642ham008 |
- 60 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| charges accordingly;
|
2 |
| (6) To succeed to and to administer all trusts, trust |
3 |
| property, and
gifts now or hereafter belonging or pertaining to |
4 |
| Northeastern Illinois
University;
|
5 |
| (7) To accept endowments of professorships or departments |
6 |
| in Northeastern Illinois
University from any person who may |
7 |
| proffer them and, at regular
meetings, to prescribe rules and |
8 |
| regulations in relation to endowments
and declare on what |
9 |
| general principles they may be accepted;
|
10 |
| (8) To enter into contracts with the Federal government for |
11 |
| providing
courses of instruction and other services at |
12 |
| Northeastern Illinois
University for persons serving in or with |
13 |
| the military or naval forces
of the United States, and to |
14 |
| provide such courses of instruction and
other services;
|
15 |
| (9) To contract with respect to the Cooperative Computer |
16 |
| Center to obtain
services related to electronic data |
17 |
| processing;
|
18 |
| (10) To provide for the receipt and expenditures of Federal |
19 |
| funds
paid to Northeastern Illinois University by the Federal |
20 |
| government for
instruction and other services for persons |
21 |
| serving in or with the
military or naval forces of the United |
22 |
| States, and to provide for audits
of such funds;
|
23 |
| (11) To appoint, subject to the applicable civil service |
24 |
| law, persons
to be members of the Northeastern Illinois |
25 |
| University Police Department.
Members of the Police Department |
26 |
| shall be conservators of the peace and
as such have all powers |
|
|
|
09600SB0642ham008 |
- 61 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| possessed by policemen in cities, and sheriffs,
including the |
2 |
| power to make arrests on view or warrants of violations of
|
3 |
| State statutes, University rules and regulations and city or |
4 |
| county
ordinances, except that they may exercise such powers |
5 |
| only within
counties wherein Northeastern Illinois University |
6 |
| and any of its branches or
properties
are located when such is |
7 |
| required for the protection of University
properties and |
8 |
| interests, and its students and personnel, and otherwise,
|
9 |
| within such counties, when requested by appropriate State
or |
10 |
| local law enforcement officials. However, such officers shall |
11 |
| have no
power to serve and execute civil processes.
|
12 |
| The Board must authorize to each member of the Northeastern |
13 |
| Illinois
University
Police Department
and to any other employee |
14 |
| of Northeastern Illinois University exercising the
powers
of a |
15 |
| peace officer
a distinct badge
that, on its face, (i) clearly |
16 |
| states that the badge is authorized by
Northeastern
Illinois |
17 |
| University
and (ii) contains a unique identifying number.
No |
18 |
| other badge shall be authorized by
Northeastern Illinois |
19 |
| University;
|
20 |
| (12) The Board may, directly or in cooperation with other |
21 |
| institutions
of higher education, acquire by purchase or lease |
22 |
| or otherwise, and construct,
enlarge, improve, equip, |
23 |
| complete, operate, control and manage research
and high |
24 |
| technology parks, together with the necessary lands, |
25 |
| buildings,
facilities, equipment, and personal property |
26 |
| therefor,
to encourage and facilitate (i) the location and |
|
|
|
09600SB0642ham008 |
- 62 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| development of business
and industry in the State of Illinois, |
2 |
| and (ii) the increased application
and development of |
3 |
| technology, and (iii) the improvement and development of
the |
4 |
| State's economy. The Board may lease to nonprofit corporations
|
5 |
| all or any part
of the land, buildings, facilities, equipment |
6 |
| or other property included
in a research and high technology |
7 |
| park upon such terms and conditions
as the Board may deem |
8 |
| advisable and enter into any contract or
agreement with such |
9 |
| nonprofit corporations as may be necessary or suitable
for the |
10 |
| construction, financing, operation and maintenance and |
11 |
| management
of any such park; and may lease to any person, firm, |
12 |
| partnership or
corporation,
either public or private, any part |
13 |
| or all of the land, building, facilities,
equipment or other |
14 |
| property of such park for such purposes and upon such
rentals, |
15 |
| terms and conditions as the Board may deem advisable; and
may |
16 |
| finance all or part of the cost of any such park, including the |
17 |
| purchase,
lease, construction, reconstruction, improvement, |
18 |
| remodeling, addition to,
and extension and maintenance of all |
19 |
| or part of such high technology park,
and all equipment and |
20 |
| furnishings, by legislative appropriations, government
grants, |
21 |
| contracts, private gifts, loans, receipts from the operation of
|
22 |
| such high technology park, rentals and similar receipts; and |
23 |
| may make its
other facilities and services available to tenants |
24 |
| or other occupants of
any such park at rates which are |
25 |
| reasonable and appropriate ; .
|
26 |
| (13) To borrow money, as necessary, from time to time in |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
|
|
1 |
| anticipation of receiving tuition, payments from the State of |
2 |
| Illinois, or other revenues or receipts of the University, also |
3 |
| known as anticipated moneys. The borrowing limit shall be |
4 |
| capped at 100% of the total amount of payroll and other expense |
5 |
| vouchers submitted and payable to the University for fiscal |
6 |
| year 2010 expenses, but unpaid at the State Comptroller's |
7 |
| office. Prior to borrowing any funds, the University shall |
8 |
| request from the Comptroller's office a verification of the |
9 |
| borrowing limit and shall include the estimated date on which |
10 |
| such borrowing shall occur. The borrowing limit cap shall be |
11 |
| verified by State Comptroller's office not prior to 45 days |
12 |
| before any estimated date for executing any promissory note or |
13 |
| line of credit established under this item (13). The principal |
14 |
| amount borrowed under a promissory note or line of credit shall |
15 |
| not exceed 75% of the borrowing limit. Within 15 days after |
16 |
| borrowing funds under any promissory note or line of credit |
17 |
| established under this item (13), the University shall submit |
18 |
| to the Governor's Office of Management and Budget, the Speaker |
19 |
| of the House of Representatives, the Minority Leader of the |
20 |
| House of Representatives, the President of the Senate, and |
21 |
| Minority Leader of the Senate, an Emergency Short Term Cash |
22 |
| Management Plan. The Emergency Short Term Cash Management Plan |
23 |
| shall outline the amount borrowed, the terms for repayment, the |
24 |
| amount of outstanding State vouchers as verified by the State |
25 |
| Comptroller's office, and the University's plan for |
26 |
| expenditure of any borrowed funds, including, but not limited |
|
|
|
09600SB0642ham008 |
- 64 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| to, a detailed plan to meet payroll obligations to include |
2 |
| collective bargaining employees, civil service employees, and |
3 |
| academic, research, and health care personnel. The |
4 |
| establishment of any promissory note or line of credit |
5 |
| established under this item (13) must be finalized within 90 |
6 |
| days after the effective date of this amendatory Act of the |
7 |
| 96th General Assembly. The borrowed moneys shall be applied to |
8 |
| the purposes of paying salaries and other expenses lawfully |
9 |
| authorized in the University's State appropriation and unpaid |
10 |
| by the State Comptroller. Any line of credit established under |
11 |
| this item (13) shall be paid in full one year after creation or |
12 |
| within 10 days after the date the University receives |
13 |
| reimbursement from the State for all submitted fiscal year 2010 |
14 |
| vouchers, whichever is earlier. Any promissory note |
15 |
| established under this item (13) shall be repaid within one |
16 |
| year after issuance of the note. The Chairman, Comptroller, or |
17 |
| Treasurer of the Board shall execute a promissory note or |
18 |
| similar debt instrument to evidence the indebtedness incurred |
19 |
| by the borrowing. In connection with a borrowing, the Board may |
20 |
| establish a line of credit with a financial institution, |
21 |
| investment bank, or broker/dealer.
The obligation to make the |
22 |
| payments due under any promissory note or line of credit |
23 |
| established under this item (13) shall be a lawful obligation |
24 |
| of the University payable from the anticipated moneys. Any |
25 |
| borrowing under this item (13) shall not constitute a debt, |
26 |
| legal or moral, of the State and shall not be enforceable |
|
|
|
09600SB0642ham008 |
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LRB096 06697 NHT 41074 a |
|
|
1 |
| against the State. The promissory note or line of credit shall |
2 |
| be authorized by a resolution passed by the Board and shall be |
3 |
| valid whether or not a budgeted item with respect to that |
4 |
| resolution is included in any annual or supplemental budget |
5 |
| adopted by the Board. The resolution shall set forth facts |
6 |
| demonstrating the need for the borrowing, state an amount that |
7 |
| the amount to be borrowed will not exceed, and establish a |
8 |
| maximum interest rate limit not to exceed the maximum rate |
9 |
| authorized by the Bond Authorization Act or 9%, whichever is |
10 |
| less. The resolution may direct the Comptroller or Treasurer of |
11 |
| the Board to make arrangements to set apart and hold the |
12 |
| portion of the anticipated moneys, as received, that shall be |
13 |
| used to repay the borrowing, subject to any prior pledges or |
14 |
| restrictions with respect to the anticipated moneys. The |
15 |
| resolution may also authorize the Treasurer of the Board to |
16 |
| make partial repayments of the borrowing as the anticipated |
17 |
| moneys become available and may contain any other terms, |
18 |
| restrictions, or limitations not inconsistent with the powers |
19 |
| of the Board. |
20 |
| For the purposes of this item (13), "financial institution" |
21 |
| means any bank subject to the Illinois Banking Act, any savings |
22 |
| and loan association subject to the Illinois Savings and Loan |
23 |
| Act of 1985, and any federally chartered commercial bank or |
24 |
| savings and loan association or government-sponsored |
25 |
| enterprise organized and operated in this State pursuant to the |
26 |
| laws of the United States. |
|
|
|
09600SB0642ham008 |
- 66 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| (Source: P.A. 91-883, eff. 1-1-01.)
|
2 |
| Section 35. The Northern Illinois University Law is amended |
3 |
| by changing Section 30-45 as follows:
|
4 |
| (110 ILCS 685/30-45)
|
5 |
| Sec. 30-45. Powers and duties. The Board also shall have |
6 |
| power and
it shall be its duty:
|
7 |
| (1) To make rules, regulations and bylaws, not inconsistent
|
8 |
| with
law, for the government and management of Northern |
9 |
| Illinois University
and its branches;
|
10 |
| (2) To employ, and, for good cause, to remove a President |
11 |
| of Northern
Illinois University, and all necessary deans, |
12 |
| professors, associate
professors, assistant professors, |
13 |
| instructors, other educational and
administrative assistants, |
14 |
| and all other necessary employees, and to prescribe
their |
15 |
| duties and contract with them upon matters relating to
tenure, |
16 |
| salaries
and retirement benefits in accordance with
the State |
17 |
| Universities Civil Service Act. Whenever the Board establishes |
18 |
| a
search committee to fill the position of President of |
19 |
| Northern Illinois
University, there shall be minority |
20 |
| representation, including women, on that
search committee. The |
21 |
| Board shall, upon the written request
of an employee of |
22 |
| Northern Illinois University, withhold from the compensation
|
23 |
| of that employee any dues, payments or contributions payable by |
24 |
| such employee
to any labor organization as defined in the |
|
|
|
09600SB0642ham008 |
- 67 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| Illinois Educational Labor
Relations
Act. Under such |
2 |
| arrangement, an amount shall be withheld from each regular
|
3 |
| payroll period which is equal to the pro rata share of the |
4 |
| annual dues plus
any payments or contributions, and the Board |
5 |
| shall transmit such withholdings
to the specified labor |
6 |
| organization within 10 working days from the time
of the |
7 |
| withholding;
|
8 |
| (3) To prescribe the courses of study to be followed, and |
9 |
| textbooks
and apparatus to be used at Northern Illinois |
10 |
| University;
|
11 |
| (4) To issue upon the recommendation of the faculty, |
12 |
| diplomas to such
persons as have satisfactorily completed the |
13 |
| required studies of
Northern Illinois University, and confer |
14 |
| such professional and literary
degrees as are usually conferred |
15 |
| by other institutions of like character
for similar or |
16 |
| equivalent courses of study, or such as the Board may
deem |
17 |
| appropriate;
|
18 |
| (5) To examine into the conditions, management, and |
19 |
| administration of
Northern Illinois University, to provide the |
20 |
| requisite buildings,
apparatus, equipment and auxiliary |
21 |
| enterprises, and to fix and collect
matriculation fees; tuition |
22 |
| fees; fees for student activities; fees for
student facilities |
23 |
| such as student union buildings or field houses or
stadia or |
24 |
| other recreational facilities; student welfare fees;
|
25 |
| laboratory fees; and similar fees for supplies and materials.
|
26 |
| The expense of the building, improving, repairing and supplying |
|
|
|
09600SB0642ham008 |
- 68 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| fuel and
furniture and the necessary appliances and apparatus |
2 |
| for conducting Northern
Illinois University, the reimbursed |
3 |
| expenses of members of the Board, and the
salaries or |
4 |
| compensation of the President, assistants, agents and other
|
5 |
| employees of Northern Illinois University, shall be a charge |
6 |
| upon the State
Treasury. All
other expenses shall be chargeable |
7 |
| against students, and the Board shall
regulate the charges |
8 |
| accordingly;
|
9 |
| (6) To succeed to and to administer all trusts, trust |
10 |
| property, and
gifts now or hereafter belonging or pertaining to |
11 |
| Northern Illinois
University;
|
12 |
| (7) To accept endowments of professorships or departments |
13 |
| in Northern
Illinois University from any person who may proffer |
14 |
| them and, at regular
meetings, to prescribe rules and |
15 |
| regulations in relation to endowments
and declare on what |
16 |
| general principles they may be accepted;
|
17 |
| (8) To enter into contracts with the Federal government for |
18 |
| providing
courses of instruction and other services at Northern |
19 |
| Illinois
University for persons serving in or with the military |
20 |
| or naval forces
of the United States, and to provide such |
21 |
| courses of instruction and
other services;
|
22 |
| (9) To contract with respect to the Cooperative Computer |
23 |
| Center to obtain
services related to electronic data |
24 |
| processing;
|
25 |
| (10) To provide for the receipt and expenditures of Federal |
26 |
| funds
paid to Northern Illinois University by the Federal |
|
|
|
09600SB0642ham008 |
- 69 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| government for
instruction and other services for persons |
2 |
| serving in or with the
military or naval forces of the United |
3 |
| States, and to provide for audits
of such funds;
|
4 |
| (11) To appoint, subject to the applicable civil service |
5 |
| law, persons
to be members of the Northern Illinois University |
6 |
| Police Department.
Members of the Police Department shall be |
7 |
| conservators of the peace and
as such have all powers possessed |
8 |
| by policemen in cities, and sheriffs,
including the power to |
9 |
| make arrests on view or warrants of violations of
State |
10 |
| statutes, University rules and regulations and city or county
|
11 |
| ordinances, except that they may exercise such powers only |
12 |
| within
counties wherein Northern Illinois University and any of |
13 |
| its branches or
properties
are located when such is required |
14 |
| for the protection of University
properties and interests, and |
15 |
| its students and personnel, and otherwise,
within such |
16 |
| counties, when requested by appropriate State
or local law |
17 |
| enforcement officials. However, such officers shall have no
|
18 |
| power to serve and execute civil processes.
|
19 |
| The Board must authorize to each member of the Northern |
20 |
| Illinois University
Police
Department
and to any other employee |
21 |
| of Northern Illinois University exercising the powers
of a |
22 |
| peace officer
a distinct badge
that, on its face, (i) clearly |
23 |
| states that the badge is authorized by Northern
Illinois
|
24 |
| University and
(ii) contains a unique identifying number.
No |
25 |
| other badge shall be authorized by
Northern Illinois |
26 |
| University;
|
|
|
|
09600SB0642ham008 |
- 70 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| (12) The Board may, directly or in cooperation with other |
2 |
| institutions
of higher education, acquire by purchase or lease |
3 |
| or otherwise, and construct,
enlarge, improve, equip, |
4 |
| complete, operate, control and manage research
and high |
5 |
| technology parks, together with the necessary lands, |
6 |
| buildings,
facilities, equipment, and personal property |
7 |
| therefor,
to encourage and facilitate (i) the location and |
8 |
| development of business
and industry in the State of Illinois, |
9 |
| and (ii) the increased application
and development of |
10 |
| technology, and (iii) the improvement and development of
the |
11 |
| State's economy. The Board may lease to nonprofit corporations
|
12 |
| all or any part
of the land, buildings, facilities, equipment |
13 |
| or other property included
in a research and high technology |
14 |
| park upon such terms and conditions
as the Board may deem |
15 |
| advisable and enter into any contract or
agreement with such |
16 |
| nonprofit corporations as may be necessary or suitable
for the |
17 |
| construction, financing, operation and maintenance and |
18 |
| management
of any such park; and may lease to any person, firm, |
19 |
| partnership or
corporation,
either public or private, any part |
20 |
| or all of the land, building, facilities,
equipment or other |
21 |
| property of such park for such purposes and upon such
rentals, |
22 |
| terms and conditions as the Board may deem advisable; and
may |
23 |
| finance all or part of the cost of any such park, including the |
24 |
| purchase,
lease, construction, reconstruction, improvement, |
25 |
| remodeling, addition to,
and extension and maintenance of all |
26 |
| or part of such high technology park,
and all equipment and |
|
|
|
09600SB0642ham008 |
- 71 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| furnishings, by legislative appropriations, government
grants, |
2 |
| contracts, private gifts, loans, receipts from the operation of
|
3 |
| such high technology park, rentals and similar receipts; and |
4 |
| may make its
other facilities and services available to tenants |
5 |
| or other occupants of
any such park at rates which are |
6 |
| reasonable and appropriate.
|
7 |
| (13) To assist in the provision of buildings and facilities |
8 |
| beneficial
to,
useful for, or supportive of university |
9 |
| purposes, the Board of Trustees of
Northern Illinois University |
10 |
| may exercise the following powers with regard to
the area |
11 |
| located on or adjacent to the Northern Illinois University |
12 |
| DeKalb
campus and bounded as follows:
|
13 |
| Parcel 1:
|
14 |
| In Township 40 North, Range 4 East, of the Third Prime |
15 |
| Meridian, County of
DeKalb, State of Illinois: The East |
16 |
| half of the Southeast Quarter of Section
17, the Southwest |
17 |
| Quarter of Section 16, and the Northwest Quarter of Section
|
18 |
| 21, all in the County of DeKalb, Illinois.
|
19 |
| Parcel 2:
|
20 |
| In Township 40 North, Range 4 East, of the Third Prime |
21 |
| Meridian, County of
DeKalb, State of Illinois: On the |
22 |
| North, by a line beginning at the Northwest
corner of the |
23 |
| Southeast Quarter of Section 15; thence East 1,903.3 feet; |
24 |
| thence
South to the North line of the Southeast Quarter of |
25 |
| the Southeast Quarter of
Section 15; thence East along said |
26 |
| line to North First Street; on the West by
Garden Road |
|
|
|
09600SB0642ham008 |
- 72 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| between Lucinda Avenue and the North boundary; thence on |
2 |
| the South
by Lucinda Avenue between Garden Road and the |
3 |
| intersection of Lucinda Avenue
and the South Branch of the |
4 |
| Kishwaukee River, and by the South Branch of the
Kishwaukee |
5 |
| River between such intersection and easterly to the |
6 |
| intersection of
such river and North First Street; thence |
7 |
| on the East by North First Street.
|
8 |
| (a) Acquire any interests in land, buildings, or |
9 |
| facilities by purchase,
including installments payable |
10 |
| over a period allowed by law, by lease over a
term of such |
11 |
| duration as the Board of Trustees shall determine, or by |
12 |
| exercise
of the power of eminent domain;
|
13 |
| (b) Sublease or contract to purchase through |
14 |
| installments all or any
portion of buildings or facilities |
15 |
| for such duration and on such terms as the
Board of |
16 |
| Trustees shall determine, including a term that exceeds 5 |
17 |
| years,
provided that each such lease or purchase contract |
18 |
| shall be and shall recite
that it is subject to termination |
19 |
| and cancellation in any year for which the
General Assembly |
20 |
| fails to make an appropriation to pay the rent or purchase
|
21 |
| installments payable under the terms of such lease or |
22 |
| purchase contracts; and
|
23 |
| (c) Sell property without compliance with the State |
24 |
| Property Control Act
and retain proceeds in the University |
25 |
| treasury in a special, separate
development fund account |
26 |
| which the Auditor General shall examine to assure
|
|
|
|
09600SB0642ham008 |
- 73 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| compliance with this Act.
|
2 |
| Any buildings or facilities to be developed on the land |
3 |
| shall be buildings or
facilities that, in
the determination of |
4 |
| the Board of Trustees, in whole or in part: (i) are for
use by |
5 |
| the University; or (ii) otherwise advance the interests of the
|
6 |
| University,
including, by way of example, residential, |
7 |
| recreational, educational, and
athletic facilities for |
8 |
| University staff and students and commercial facilities
which |
9 |
| provide services needed by the University community. Revenues |
10 |
| from the
development fund account may be withdrawn by the |
11 |
| University for the purpose of
demolition and the processes |
12 |
| associated with demolition; routine land and
property |
13 |
| acquisition; extension of utilities; streetscape work; |
14 |
| landscape work;
surface and structure parking; sidewalks, |
15 |
| recreational paths, and street
construction; and lease and |
16 |
| lease purchase arrangements and the professional
services |
17 |
| associated with the planning and development of the area. |
18 |
| Moneys from
the development fund account used for any other |
19 |
| purpose must be deposited into
and appropriated from the |
20 |
| General Revenue Fund. Buildings or facilities leased
to an |
21 |
| entity or person other than the University shall not be subject |
22 |
| to any
limitations applicable to a State-supported college or |
23 |
| university under any
law. All development on the land and all |
24 |
| the use of any buildings or
facilities shall be subject to the |
25 |
| control and approval of the Board of
Trustees of Northern |
26 |
| Illinois University.
|
|
|
|
09600SB0642ham008 |
- 74 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| (14) To borrow money, as necessary, from time to time in |
2 |
| anticipation of receiving tuition, payments from the State of |
3 |
| Illinois, or other revenues or receipts of the University, also |
4 |
| known as anticipated moneys. The borrowing limit shall be |
5 |
| capped at 100% of the total amount of payroll and other expense |
6 |
| vouchers submitted and payable to the University for fiscal |
7 |
| year 2010 expenses, but unpaid at the State Comptroller's |
8 |
| office. Prior to borrowing any funds, the University shall |
9 |
| request from the Comptroller's office a verification of the |
10 |
| borrowing limit and shall include the estimated date on which |
11 |
| such borrowing shall occur. The borrowing limit cap shall be |
12 |
| verified by State Comptroller's office not prior to 45 days |
13 |
| before any estimated date for executing any promissory note or |
14 |
| line of credit established under this item (14). The principal |
15 |
| amount borrowed under a promissory note or line of credit shall |
16 |
| not exceed 75% of the borrowing limit. Within 15 days after |
17 |
| borrowing funds under any promissory note or line of credit |
18 |
| established under this item (14), the University shall submit |
19 |
| to the Governor's Office of Management and Budget, the Speaker |
20 |
| of the House of Representatives, the Minority Leader of the |
21 |
| House of Representatives, the President of the Senate, and |
22 |
| Minority Leader of the Senate, an Emergency Short Term Cash |
23 |
| Management Plan. The Emergency Short Term Cash Management Plan |
24 |
| shall outline the amount borrowed, the terms for repayment, the |
25 |
| amount of outstanding State vouchers as verified by the State |
26 |
| Comptroller's office, and the University's plan for |
|
|
|
09600SB0642ham008 |
- 75 - |
LRB096 06697 NHT 41074 a |
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|
1 |
| expenditure of any borrowed funds, including, but not limited |
2 |
| to, a detailed plan to meet payroll obligations for all |
3 |
| collective bargaining employees, civil service employees, and |
4 |
| academic, research, and health care personnel. The |
5 |
| establishment of any promissory note or line of credit |
6 |
| established under this item (14) must be finalized within 90 |
7 |
| days after the effective date of this amendatory Act of the |
8 |
| 96th General Assembly. The borrowed moneys shall be applied to |
9 |
| the purposes of paying salaries and other expenses lawfully |
10 |
| authorized in the University's State appropriation and unpaid |
11 |
| by the State Comptroller. Any line of credit established under |
12 |
| this item (14) shall be paid in full one year after creation or |
13 |
| within 10 days after the date the University receives |
14 |
| reimbursement from the State for all submitted fiscal year 2010 |
15 |
| vouchers, whichever is earlier. Any promissory note |
16 |
| established under this item (14) shall be repaid within one |
17 |
| year after issuance of the note. The Chairman, Comptroller, or |
18 |
| Treasurer of the Board shall execute a promissory note or |
19 |
| similar debt instrument to evidence the indebtedness incurred |
20 |
| by the borrowing. In connection with a borrowing, the Board may |
21 |
| establish a line of credit with a financial institution, |
22 |
| investment bank, or broker/dealer.
The obligation to make the |
23 |
| payments due under any promissory note or line of credit |
24 |
| established under this item (14) shall be a lawful obligation |
25 |
| of the University payable from the anticipated moneys. Any |
26 |
| borrowing under this item (14) shall not constitute a debt, |
|
|
|
09600SB0642ham008 |
- 76 - |
LRB096 06697 NHT 41074 a |
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|
1 |
| legal or moral, of the State and shall not be enforceable |
2 |
| against the State. The promissory note or line of credit shall |
3 |
| be authorized by a resolution passed by the Board and shall be |
4 |
| valid whether or not a budgeted item with respect to that |
5 |
| resolution is included in any annual or supplemental budget |
6 |
| adopted by the Board. The resolution shall set forth facts |
7 |
| demonstrating the need for the borrowing, state an amount that |
8 |
| the amount to be borrowed will not exceed, and establish a |
9 |
| maximum interest rate limit not to exceed the maximum rate |
10 |
| authorized by the Bond Authorization Act or 9%, whichever is |
11 |
| less. The resolution may direct the Comptroller or Treasurer of |
12 |
| the Board to make arrangements to set apart and hold the |
13 |
| portion of the anticipated moneys, as received, that shall be |
14 |
| used to repay the borrowing, subject to any prior pledges or |
15 |
| restrictions with respect to the anticipated moneys. The |
16 |
| resolution may also authorize the Treasurer of the Board to |
17 |
| make partial repayments of the borrowing as the anticipated |
18 |
| moneys become available and may contain any other terms, |
19 |
| restrictions, or limitations not inconsistent with the powers |
20 |
| of the Board. |
21 |
| For the purposes of this item (14), "financial institution" |
22 |
| means any bank subject to the Illinois Banking Act, any savings |
23 |
| and loan association subject to the Illinois Savings and Loan |
24 |
| Act of 1985, and any federally chartered commercial bank or |
25 |
| savings and loan association or government-sponsored |
26 |
| enterprise organized and operated in this State pursuant to the |
|
|
|
09600SB0642ham008 |
- 77 - |
LRB096 06697 NHT 41074 a |
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|
1 |
| laws of the United States. |
2 |
| (Source: P.A. 90-284, eff. 1-1-98; 91-883, eff. 1-1-01.)
|
3 |
| Section 40. The Western Illinois University Law is amended |
4 |
| by changing Section 35-45 as follows:
|
5 |
| (110 ILCS 690/35-45)
|
6 |
| Sec. 35-45. Powers and duties. The Board also shall have |
7 |
| power and
it shall be its duty:
|
8 |
| (1) To make rules, regulations and bylaws, not inconsistent |
9 |
| with
law, for the government and management of Western Illinois |
10 |
| University
and its branches;
|
11 |
| (2) To employ, and, for good cause, to remove a President |
12 |
| of Western
Illinois University, and all necessary deans, |
13 |
| professors, associate
professors, assistant professors, |
14 |
| instructors, other educational and
administrative assistants, |
15 |
| and all other necessary employees, and to prescribe
their |
16 |
| duties and contract with them upon matters relating to tenure, |
17 |
| salaries
and retirement benefits in accordance with
the State |
18 |
| Universities Civil Service Act. Whenever the Board establishes |
19 |
| a
search committee to fill the position of President of Western |
20 |
| Illinois
University, there shall be minority representation, |
21 |
| including women, on that
search committee. The Board shall, |
22 |
| upon the written request
of an employee of Western Illinois |
23 |
| University, withhold from the compensation
of that employee any |
24 |
| dues, payments or contributions payable by such employee
to any |
|
|
|
09600SB0642ham008 |
- 78 - |
LRB096 06697 NHT 41074 a |
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|
1 |
| labor organization as defined in the Illinois Educational Labor
|
2 |
| Relations
Act. Under such arrangement, an amount shall be |
3 |
| withheld from each regular
payroll period which is equal to the |
4 |
| pro rata share of the annual dues plus
any payments or |
5 |
| contributions, and the Board shall transmit such withholdings
|
6 |
| to the specified labor organization within 10 working days from |
7 |
| the time
of the withholding;
|
8 |
| (3) To prescribe the courses of study to be followed, and |
9 |
| textbooks
and apparatus to be used at Western Illinois |
10 |
| University;
|
11 |
| (4) To issue upon the recommendation of the faculty, |
12 |
| diplomas to such
persons as have satisfactorily completed the |
13 |
| required studies of
Western Illinois University, and confer |
14 |
| such professional and literary
degrees as are usually conferred |
15 |
| by other institutions of like character
for similar or |
16 |
| equivalent courses of study, or such as the Board may
deem |
17 |
| appropriate;
|
18 |
| (5) To examine into the conditions, management, and |
19 |
| administration of
Western Illinois University, to provide the |
20 |
| requisite buildings,
apparatus, equipment and auxiliary |
21 |
| enterprises, and to fix and collect
matriculation fees; tuition |
22 |
| fees; fees for student activities; fees for
student facilities |
23 |
| such as student union buildings or field houses or
stadia or |
24 |
| other recreational facilities; student welfare fees;
|
25 |
| laboratory fees; and similar fees for supplies and materials.
|
26 |
| The expense of the building, improving, repairing and supplying |
|
|
|
09600SB0642ham008 |
- 79 - |
LRB096 06697 NHT 41074 a |
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|
1 |
| fuel and
furniture and the necessary appliances and apparatus |
2 |
| for conducting Western
Illinois
University, the reimbursed |
3 |
| expenses of members of the Board, and the
salaries or |
4 |
| compensation of the President, assistants, agents and other
|
5 |
| employees of Western Illinois University, shall be a charge |
6 |
| upon the State
Treasury. All
other expenses shall be chargeable |
7 |
| against students, and the Board shall
regulate the charges |
8 |
| accordingly;
|
9 |
| (6) To succeed to and to administer all trusts, trust |
10 |
| property, and
gifts now or hereafter belonging or pertaining to |
11 |
| Western Illinois
University;
|
12 |
| (7) To accept endowments of professorships or departments |
13 |
| in Western
Illinois University from any person who may proffer |
14 |
| them and, at regular
meetings, to prescribe rules and |
15 |
| regulations in relation to endowments
and declare on what |
16 |
| general principles they may be accepted;
|
17 |
| (8) To enter into contracts with the Federal government for |
18 |
| providing
courses of instruction and other services at Western |
19 |
| Illinois
University for persons serving in or with the military |
20 |
| or naval forces
of the United States, and to provide such |
21 |
| courses of instruction and
other services;
|
22 |
| (9) To contract with respect to the Cooperative Computer |
23 |
| Center to obtain
services related to electronic data |
24 |
| processing;
|
25 |
| (10) To provide for the receipt and expenditures of Federal |
26 |
| funds
paid to Western Illinois University by the Federal |
|
|
|
09600SB0642ham008 |
- 80 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| government for
instruction and other services for persons |
2 |
| serving in or with the
military or naval forces of the United |
3 |
| States, and to provide for audits
of such funds;
|
4 |
| (11) To appoint, subject to the applicable civil service |
5 |
| law, persons
to be members of the Western Illinois University |
6 |
| Police Department.
Members of the Police Department shall be |
7 |
| conservators of the peace and
as such have all powers possessed |
8 |
| by policemen in cities, and sheriffs,
including the power to |
9 |
| make arrests on view or warrants of violations of
State |
10 |
| statutes, University rules and regulations and city or county
|
11 |
| ordinances, except that they may exercise such powers only |
12 |
| within
counties wherein Western Illinois University and any of |
13 |
| its branches or
properties
are located when such is required |
14 |
| for the protection of University
properties and interests, and |
15 |
| its students and personnel, and otherwise,
within such |
16 |
| counties, when requested by appropriate State
or local law |
17 |
| enforcement officials. However, such officers shall have no
|
18 |
| power to serve and execute civil processes.
|
19 |
| The Board must authorize to each member of the Western |
20 |
| Illinois University
Police
Department
and to any other employee |
21 |
| of Western Illinois University exercising the powers
of a peace |
22 |
| officer
a distinct badge
that, on its face, (i) clearly states |
23 |
| that the badge is authorized by Western
Illinois
University and
|
24 |
| (ii) contains a unique identifying number.
No other badge shall |
25 |
| be authorized by
Western Illinois University;
|
26 |
| (12) The Board may, directly or in cooperation with other |
|
|
|
09600SB0642ham008 |
- 81 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| institutions
of higher education, acquire by purchase or lease |
2 |
| or otherwise, and construct,
enlarge, improve, equip, |
3 |
| complete, operate, control and manage research
and high |
4 |
| technology parks, together with the necessary lands, |
5 |
| buildings,
facilities, equipment, and personal property |
6 |
| therefor,
to encourage and facilitate (i) the location and |
7 |
| development of business
and industry in the State of Illinois, |
8 |
| and (ii) the increased application
and development of |
9 |
| technology, and (iii) the improvement and development of
the |
10 |
| State's economy. The Board may lease to nonprofit corporations
|
11 |
| all or any part
of the land, buildings, facilities, equipment |
12 |
| or other property included
in a research and high technology |
13 |
| park upon such terms and conditions
as the Board may deem |
14 |
| advisable and enter into any contract or
agreement with such |
15 |
| nonprofit corporations as may be necessary or suitable
for the |
16 |
| construction, financing, operation and maintenance and |
17 |
| management
of any such park; and may lease to any person, firm, |
18 |
| partnership or
corporation,
either public or private, any part |
19 |
| or all of the land, building, facilities,
equipment or other |
20 |
| property of such park for such purposes and upon such
rentals, |
21 |
| terms and conditions as the Board may deem advisable; and
may |
22 |
| finance all or part of the cost of any such park, including the |
23 |
| purchase,
lease, construction, reconstruction, improvement, |
24 |
| remodeling, addition to,
and extension and maintenance of all |
25 |
| or part of such high technology park,
and all equipment and |
26 |
| furnishings, by legislative appropriations, government
grants, |
|
|
|
09600SB0642ham008 |
- 82 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| contracts, private gifts, loans, receipts from the operation of
|
2 |
| such high technology park, rentals and similar receipts; and |
3 |
| may make its
other facilities and services available to tenants |
4 |
| or other occupants of
any such park at rates which are |
5 |
| reasonable and appropriate ; .
|
6 |
| (13) To borrow money, as necessary, from time to time in |
7 |
| anticipation of receiving tuition, payments from the State of |
8 |
| Illinois, or other revenues or receipts of the University, also |
9 |
| known as anticipated moneys. The borrowing limit shall be |
10 |
| capped at 100% of the total amount of payroll and other expense |
11 |
| vouchers submitted and payable to the University for fiscal |
12 |
| year 2010 expenses, but unpaid at the State Comptroller's |
13 |
| office. Prior to borrowing any funds, the University shall |
14 |
| request from the Comptroller's office a verification of the |
15 |
| borrowing limit and shall include the estimated date on which |
16 |
| such borrowing shall occur. The borrowing limit cap shall be |
17 |
| verified by State Comptroller's office not prior to 45 days |
18 |
| before any estimated date for executing any promissory note or |
19 |
| line of credit established under this item (13). The principal |
20 |
| amount borrowed under a promissory note or line of credit shall |
21 |
| not exceed 75% of the borrowing limit. Within 15 days after |
22 |
| borrowing funds under any promissory note or line of credit |
23 |
| established under this item (13), the University shall submit |
24 |
| to the Governor's Office of Management and Budget, the Speaker |
25 |
| of the House of Representatives, the Minority Leader of the |
26 |
| House of Representatives, the President of the Senate, and |
|
|
|
09600SB0642ham008 |
- 83 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| Minority Leader of the Senate, an Emergency Short Term Cash |
2 |
| Management Plan. The Emergency Short Term Cash Management Plan |
3 |
| shall outline the amount borrowed, the terms for repayment, the |
4 |
| amount of outstanding State vouchers as verified by the State |
5 |
| Comptroller's office, and the University's plan for |
6 |
| expenditure of any borrowed funds, including, but not limited |
7 |
| to, a detailed plan to meet payroll obligations to include |
8 |
| collective bargaining employees, civil service employees, and |
9 |
| academic, research, and health care personnel. The |
10 |
| establishment of any promissory note or line of credit |
11 |
| established under this item (13) must be finalized within 90 |
12 |
| days after the effective date of this amendatory Act of the |
13 |
| 96th General Assembly. The borrowed moneys shall be applied to |
14 |
| the purposes of paying salaries and other expenses lawfully |
15 |
| authorized in the University's State appropriation and unpaid |
16 |
| by the State Comptroller. Any line of credit established under |
17 |
| this item (13) shall be paid in full one year after creation or |
18 |
| within 10 days after the date the University receives |
19 |
| reimbursement from the State for all submitted fiscal year 2010 |
20 |
| vouchers, whichever is earlier. Any promissory note |
21 |
| established under this item (13) shall be repaid within one |
22 |
| year after issuance of the note. The Chairman, Comptroller, or |
23 |
| Treasurer of the Board shall execute a promissory note or |
24 |
| similar debt instrument to evidence the indebtedness incurred |
25 |
| by the borrowing. In connection with a borrowing, the Board may |
26 |
| establish a line of credit with a financial institution, |
|
|
|
09600SB0642ham008 |
- 84 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| investment bank, or broker/dealer.
The obligation to make the |
2 |
| payments due under any promissory note or line of credit |
3 |
| established under this item (13) shall be a lawful obligation |
4 |
| of the University payable from the anticipated moneys. Any |
5 |
| borrowing under this item (13) shall not constitute a debt, |
6 |
| legal or moral, of the State and shall not be enforceable |
7 |
| against the State. The promissory note or line of credit shall |
8 |
| be authorized by a resolution passed by the Board and shall be |
9 |
| valid whether or not a budgeted item with respect to that |
10 |
| resolution is included in any annual or supplemental budget |
11 |
| adopted by the Board. The resolution shall set forth facts |
12 |
| demonstrating the need for the borrowing, state an amount that |
13 |
| the amount to be borrowed will not exceed, and establish a |
14 |
| maximum interest rate limit not to exceed the maximum rate |
15 |
| authorized by the Bond Authorization Act or 9%, whichever is |
16 |
| less. The resolution may direct the Comptroller or Treasurer of |
17 |
| the Board to make arrangements to set apart and hold the |
18 |
| portion of the anticipated moneys, as received, that shall be |
19 |
| used to repay the borrowing, subject to any prior pledges or |
20 |
| restrictions with respect to the anticipated moneys. The |
21 |
| resolution may also authorize the Treasurer of the Board to |
22 |
| make partial repayments of the borrowing as the anticipated |
23 |
| moneys become available and may contain any other terms, |
24 |
| restrictions, or limitations not inconsistent with the powers |
25 |
| of the Board. |
26 |
| For the purposes of this item (13), "financial institution" |
|
|
|
09600SB0642ham008 |
- 85 - |
LRB096 06697 NHT 41074 a |
|
|
1 |
| means any bank subject to the Illinois Banking Act, any savings |
2 |
| and loan association subject to the Illinois Savings and Loan |
3 |
| Act of 1985, and any federally chartered commercial bank or |
4 |
| savings and loan association or government-sponsored |
5 |
| enterprise organized and operated in this State pursuant to the |
6 |
| laws of the United States. |
7 |
| (Source: P.A. 91-883, eff. 1-1-01.)
|
8 |
| Section 99. Effective date. This Act takes effect upon |
9 |
| becoming law.".
|