DEL VALLE. 110 ILCS 305/4.2 new 110 ILCS 520/8.1 new 110 ILCS 660/5-46 new 110 ILCS 665/10-46 new 110 ILCS 670/15-46 new 110 ILCS 675/20-46 new 110 ILCS 680/25-46 new 110 ILCS 685/30-46 new 110 ILCS 690/35-46 new Amends the Acts relating to the governance of the University of Illinois, Southern Illinois University, Chicago State University, Eastern Illinois University, Governors State University, Illinois State University, Northeastern Illinois University, Northern Illinois University, and Western Illinois University. Prohibits persons employed as President or chancellor at any such university from contracting for or accepting any payment of money or other thing of value or economic benefit as compensation in return for services rendered as an officer or board member of a corporation or other private business entity. Excepts from the prohibition payments or reimbursements for reasonable and necessary travel, lodging, and meal costs to attend regular meetings of the board of the corporation or other business entity. Requires payments or other things of value accepted in violation of the prohibition to be surrendered to the State Treasurer and provides for termination of the President's or chancellor's employment for a violation of the prohibition unless the President or chancellor establishes good cause why his or her employment should not be terminated. Effective immediately. FEB-21-2001 S FIRST READING FEB-21-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE EXECUTIVE MAR-08-2001 S POSTPONED MAR-22-2001 S POSTPONED MAR-22-2001 S COMMITTEE EXECUTIVE MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary