Illinois General Assembly - Bill Status for SB2159

Amends various Acts relating to the governance of public universities in Illinois and the Public Community College Act. Sets forth provisions governing employment contracts entered into, amended, renewed, or extended after the effective date of the amendatory Act, excluding collective bargaining agreements. Requires the governing board of a university or community college district to complete an annual performance review of the president and any chancellors of the higher education institution. Provides that such annual performance review must be considered when the board contemplates a bonus, raise, or severance agreement for the president or chancellor.

Replaces everything after the enacting clause. Reinserts the contents of the introduced bill with the following changes. Amends various Acts relating to the governance of public universities in Illinois and the Public Community College Act. Sets forth provisions governing employment contracts of the president or all chancellors (rather than all employments contracts) entered into, amended, renewed, or extended after the effective date of this amendatory Act. With respect to employment contracts entered into with the president or all chancellors of a public university, sets forth provisions concerning severance, start and end date, and automatic rollover clauses. Provides that public notice given prior to action on the formation, renewal, extension, or termination of employment contracts must be compliant with the provisions of the Open Meetings Act and must include a copy of the governing board item or other documentation providing, at a minimum, a description of the proposed principal financial components of the president's or all chancellors' appointments. Provides that any performance-based bonus or incentive-based compensation to the president or all chancellors of the university or community college must be approved by the governing board in an open meeting. With respect to public community colleges, removes provisions concerning limitations of employment contracts entered into, amended, renewed, or extended after the effective date of this amendatory Act. Provides that severance payments or contract buyouts may not occur if there are pending criminal charges against the president or chancellors of the community college related to their employment. Provides that the criteria and goals upon which the bonus or incentive-based compensation for a president or all chancellors of a community college is based must be made available to the public no less than 48 hours before board approval of the performance-based bonus or incentive-based compensation. Makes related changes.

Replaces everything after the enacting clause with provisions of the bill as amended by Senate Amendment No. 1 with the following changes: Provides that severance payments or contract buyouts may be placed in an escrow account (rather than may not occur) if there are pending criminal charges against the president or chancellors. Removes provisions concerning funding sources for performance-based bonus payments or compensation.

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