Illinois General Assembly - Bill Status for SB1310

Synopsis As Introduced
Amends the Western Illinois University Law. Provides that the Board of Trustees of Western Illinois University shall have the power and duty to borrow money for any lawful purpose from the WIU Foundation or any financial institution, as long as such money is repaid within 5 years from the time the money is borrowed. Provides that the amount outstanding from time to time may not exceed $2,000,000. Requires the chairperson, comptroller, or treasurer of the Board to execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.

Actions

Date	Chamber	Action
1/28/2025	Senate	Filed with Secretary by Sen. Michael W. Halpin
1/28/2025	Senate	First Reading
1/28/2025	Senate	Referred to Assignments
2/11/2025	Senate	Assigned to Higher Education
2/18/2025	Senate	Added as Co-Sponsor Sen. Sara Feigenholtz
2/18/2025	Senate	Added as Co-Sponsor Sen. Mike Porfirio
2/19/2025	Senate	Do Pass Higher Education; 013-000-000
2/19/2025	Senate	Placed on Calendar Order of 2nd Reading February 20, 2025
2/27/2025	Senate	Second Reading
2/27/2025	Senate	Placed on Calendar Order of 3rd Reading March 4, 2025

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