MAITLAND. (HOFFMAN-RUTHERFORD) 110 ILCS 675/20-40 110 ILCS 675/20-45 Amends the Illinois State University Law. Provides that the University's Board of Trustees may sell, lease, or otherwise transfer and convey certain real estate to a bona fide purchaser for value, without compliance with certain provisions of the State Property Control Act, and retain the proceeds in the University treasury, in a special, separate development fund account that the Auditor General is to examine to assure proper use of the proceeds. Provides for use of the proceeds to acquire and develop other lands, buildings, and facilities or interests therein that are for use by the University or that otherwise advance the interests of the University. Provides that moneys from the development fund account used for any other purpose must be deposited into and appropriated from the General Revenue Fund. Provides that all development on and usage of the land, buildings, or facilities acquired with development fund account moneys shall be subject to control and approval of the University's Board of Trustees. Effective immediately. SENATE AMENDMENT NO. 1. Removes the provisions setting forth how the proceeds from the sale, lease, or other transfer of the real estate may be used. Provides instead that the proceeds may be used to acquire and develop other land to achieve the same purposes for which the real estate was used and for the purpose of demolition on the acquired land. FISCAL NOTE (Illinois State University) There will be no additional cost to the State. 99-02-18 S FIRST READING 99-02-18 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-24 S ASSIGNED TO COMMITTEE EDUCATION 99-03-03 S POSTPONED 99-03-03 S RE-REFERRED TO COMMITTEE RULES 99-03-03 S ASSIGNED TO COMMITTEE EXECUTIVE 99-03-11 S TO SUBCOMMITTEE 99-03-18 S AMENDMENT NO. 01-EXECUTIVE S 99-03-18 S ADOPTED 99-03-18 S DO PASS AS AMENDED 010-000-000 SEXC 99-03-18 S PLACED ON CALENDAR ORDER OF 2ND READING 99-03-19 99-03-22 S SECOND READING 99-03-22 S PLACED ON CALENDAR ORDER OF 3RD READING 99-03-23 99-03-23 S THIRD READING - PASSED 059-000-000 99-03-23 H ARRIVE IN HOUSE 99-03-23 H PLACED CALENDAR ORDER OF FIRST READING 99-03-24 H HOUSE SPONSOR HOFFMAN 99-03-24 H FIRST READING 99-03-24 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-03-26 H ASSIGNED TO COMMITTEE HIGHER ED 99-04-16 H FISCAL NOTE FILED 99-04-16 H COMMITTEE HIGHER ED 99-04-21 H ADDED AS A JOINT SPONSOR RUTHERFORD 99-04-22 H DO PASS/SHORT DEBATE 011-000-000 HHED 99-04-22 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-05-04 H SECOND READING-SHORT DEBATE 99-05-04 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-05-06 H THIRD READING/SHORT DEBATE/PASSED 114-000-001 99-05-06 S PASSED BOTH HOUSES 99-06-04 S SENT TO THE GOVERNOR 99-07-30 S GOVERNOR APPROVED 99-07-30 S EFFECTIVE DATE 99-07-30 99-07-30 S PUBLIC ACT.............................. 91-0396 END OF INQUIRY Full Text Bill Summary