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1 | | year round basis or were commonly sold by the institution
or on |
2 | | such property before January 1, 1980. The governing board of a |
3 | | State
institution of higher learning also may not permit or |
4 | | authorize any person
to conduct a business of selling goods, |
5 | | services, or a combination thereof
to the general public on |
6 | | property held or leased for the use of the
institution when |
7 | | such an operation can reasonably be expected to be in
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8 | | competition with private retail merchants in the community |
9 | | unless such
merchants have the opportunity to compete for the |
10 | | operation of such
a business on such property. "Person" means |
11 | | an individual, corporation,
business trust, estate, trust, |
12 | | partnership, association, cooperative, or
any other legal |
13 | | entity. This Act does not prohibit the sale by such an
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14 | | institution or on such property of items commonly sold by such |
15 | | institutions
before January 1, 1980. "Commonly sold" means |
16 | | exclusively those lines of
products sold in the regular course |
17 | | of business prior to January 1, 1980.
This Act does not |
18 | | prohibit the sale of goods which are the result of
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19 | | technological advances since 1980 and are required for |
20 | | assignments or
classroom activities.
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21 | | (b) The governing board of a State institution of higher |
22 | | learning may not
permit that institution , or a retail store |
23 | | operated by that institution or
operated on property held or |
24 | | leased for the use of the institution , to make
credit sales |
25 | | when the credit extended is the credit of
the retail store or |
26 | | the
institution itself. This subsection (b) does not prohibit |
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1 | | the retail store
from making credit sales through an |
2 | | independent
credit organization not affiliated with the |
3 | | institution or the retail store,
such as by means of a bank or |
4 | | other credit card or through the use of
a debit card issued by |
5 | | the institution or otherwise, so long as private
retail |
6 | | merchants in the community are afforded a reasonable |
7 | | opportunity to
participate in such debit card sales through |
8 | | appropriate agreements with the
institution. This subsection |
9 | | (b) does not prohibit the sale on credit to
students receiving |
10 | | financial assistance by such an institution of textbooks,
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11 | | food, beverages, or educational items required for use in |
12 | | classroom
activities, so long as private retail merchants in |
13 | | the community are afforded
a reasonable opportunity to |
14 | | participate in such credit sales through
appropriate |
15 | | agreements with the institution. Notwithstanding any other |
16 | | provision of this subsection, the governing body of a State |
17 | | institution of higher learning may permit the institution, or |
18 | | a retail store operated by the institution or operated on |
19 | | property held or leased for the use of the institution, to |
20 | | extend credit to students for the students' purchase of course |
21 | | materials.
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22 | | (Source: P.A. 89-407, eff. 7-1-96.)
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23 | | Section 99. Effective date. This Act takes effect upon |
24 | | becoming law.".
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