COMM COLL-EXPERIMENTAL DISTRCT
Synopsis of Bill as introduced:
Amends the Public Community College Act. Provides that certain
endowment, auxiliary, and activity funds and fees held and retained by
State Community College of East St. Louis at the time of its abolition
are deemed transferred by operation of law to the board of trustees of
a new community college district, to be retained by that board in its
own treasury and used for the affairs and purposes of the new
community college district. Requires the Illinois Community College
Board to pay, from appropriations made to it from the General Revenue
Fund, the outstanding obligations incurred for fiscal years prior to
fiscal year 1997 by the board of trustees of State Community College
of East St. Louis. Requires the State Comptroller and State Treasurer
to transfer to the General Revenue Fund the balances remaining in the
State Community College of East St. Louis Income Fund and the State
Community College of East St. Louis Contracts and Grants Fund.
SENATE AMENDMENT NO. 1.
Further specifies that on the effective date of this amendatory
Act, all funds held locally in the State Community College of East
St. Louis Contracts and Grants Clearing Account, the State Community
College of East St. Louis Income Fund Clearing Account and the Imprest
Fund shall be transferred by the Board to the General Revenue Fund.
CONFERENCE COMMITTEE REPORT NO. 1.
Recommends that the House concur in S-am 1.
Last action on Bill: PUBLIC ACT.............................. 90-0509
Last action date: 97-08-22
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status