Bill Text: IL HB0618 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Eastern Illinois University Revenue Bond Law. Makes a technical change in a Section concerning prohibitions against obligating the State.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB0618 Detail]

Download: Illinois-2011-HB0618-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB0618 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
110 ILCS 666/11-40
Amends the Eastern Illinois University Revenue Bond Law. Makes a technical change in a Section concerning prohibitions against obligating the State.
LRB097 03446 NHT 43483 b
A BILL FOR
HB0618 LRB097 03446 NHT 43483 b
AN ACT concerning education.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Eastern Illinois University Revenue Bond Law
is amended by changing Section 11-40 as follows:
(110 ILCS 666/11-40)
Sec. 11-40. Prohibitions Against Obligating the State of
Illinois. Nothing in this Article shall be construed to
authorize the the Board or the University to contract a debt on
behalf of, or in any way to obligate, the State of Illinois, or
to pledge, assign or encumber in any way, or to permit the
pledging, assigning or encumbering in any way, of
appropriations made by the General Assembly of the State of
Illinois.
(Source: P.A. 89-4, eff. 1-1-96.)