Bill Status of SB1310  104th General Assembly

Short Description:  WIU-BORROW MONEY

Senate Sponsors
Sen. Michael W. Halpin - Kimberly A. Lightford, Sara Feigenholtz and Mike Porfirio

House Sponsors
(Rep. Gregg Johnson and Katie Stuart)

Last Action
DateChamber Action
  4/24/2025HousePlaced on Calendar 2nd Reading - Short Debate

Statutes Amended In Order of Appearance
110 ILCS 690/35-45


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 
DateChamber Action
  1/28/2025SenateFiled with Secretary by Sen. Michael W. Halpin
  1/28/2025SenateFirst Reading
  1/28/2025SenateReferred to Assignments
  2/11/2025SenateAssigned to Higher Education
  2/18/2025SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
  2/18/2025SenateAdded as Co-Sponsor Sen. Mike Porfirio
  2/19/2025SenateDo Pass Higher Education; 013-000-000
  2/19/2025SenatePlaced on Calendar Order of 2nd Reading February 20, 2025
  2/27/2025SenateSecond Reading
  2/27/2025SenatePlaced on Calendar Order of 3rd Reading March 4, 2025
  4/9/2025SenateThird Reading - Passed; 054-000-000
  4/9/2025HouseArrived in House
  4/9/2025HouseChief House Sponsor Rep. Gregg Johnson
  4/9/2025HouseFirst Reading
  4/9/2025HouseReferred to Rules Committee
  4/11/2025SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  4/17/2025HouseAssigned to Higher Education Committee
  4/21/2025HouseAdded Alternate Co-Sponsor Rep. Katie Stuart
  4/23/2025HouseDo Pass / Short Debate Higher Education Committee; 010-000-000
  4/24/2025HousePlaced on Calendar 2nd Reading - Short Debate