HB3723 94TH GENERAL ASSEMBLY

LRB094 08837 NHT 39055 b

94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB3723

Introduced 2/24/2005, by Rep. Dan Brady

SYNOPSIS AS INTRODUCED:

110 ILCS 205/9.30 new

Amends the Board of Higher Education Act. Requires the Board, in cooperation with representatives of public universities, to conduct a study to seek alternative methods, such as privatization, to meet the demand for additional and upgraded student housing. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning education.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Board of Higher Education Act is amended by adding Section 9.30 as follows:

(110 ILCS 205/9.30 new)

Sec. 9.30. Student housing study.

(a) The General Assembly finds that privatizing student housing will allow public universities to undertake student housing projects using the efficiencies and creativity of the private sector while maintaining control over design, operation, and quality of project.

(b) The Board, in cooperation with representatives of public universities, shall conduct a study to seek alternative methods, such as privatization, to meet the demand for additional and upgraded student housing. The study shall address cost-efficiency, private developer opportunities, liability issues, capital investments, financial impact, financing scenarios, operating options, and student life.

Section 99. Effective date. This Act takes effect upon becoming law.