Date	Chamber	Action
1/13/2015	Senate	Session Sine Die

Statutes Amended In Order of Appearance

110 ILCS 73/10

110 ILCS 73/15

110 ILCS 73/30

110 ILCS 73/90

Synopsis As Introduced
Amends the State University Certificates of Participation Act. Provides that the board of trustees of a State university has the power to enter into financing agreements in connection with the financing or refinancing (instead of just the financing) of capital improvements by selling certificates of participation in the installment payments made under such financing agreements; makes a related change. Provides that a State university must present to the Commission on Government Forecasting and Accountability information on the amount being financed or refinanced (instead of just financed), the nature of the project being financed or refinanced (instead of just financed), and the status of all currently outstanding (instead of currently issued) certificates of participation. Sets forth the maximum annual debt service amount for a State university's total outstanding (instead of total) certificate of participation obligation. Provides that the Act applies until December 31, 2024 (instead of December 31, 2014); makes a related change. Effective immediately.

Actions 

Date	Chamber	Action
2/14/2014	Senate	Filed with Secretary by Sen. Michael W. Frerichs
2/14/2014	Senate	First Reading
2/14/2014	Senate	Referred to Assignments
3/5/2014	Senate	Assigned to Higher Education
3/20/2014	Senate	Do Pass Higher Education; 012-000-000
3/20/2014	Senate	Placed on Calendar Order of 2nd Reading March 21, 2014
3/27/2014	Senate	Second Reading
3/27/2014	Senate	Placed on Calendar Order of 3rd Reading April 1, 2014
4/1/2014	Senate	Third Reading - Passed; 055-000-000
4/2/2014	House	Arrived in House
4/3/2014	House	Chief House Sponsor Rep. Frank J. Mautino
4/3/2014	House	First Reading
4/3/2014	House	Referred to Rules Committee
1/13/2015	Senate	Session Sine Die

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