Bill Amendment: IL HB4422 | 2015-2016 | 99th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: HIGHER ED-INVESTMENT INFO

Status: 2016-04-08 - House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee [HB4422 Detail]

Download: Illinois-2015-HB4422-House_Amendment_001.html

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Rep. Dwight Kay

Filed: 4/4/2016

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AMENDMENT TO HOUSE BILL 4422
AMENDMENT NO. ______. Amend House Bill 4422 by replacing
everything after the enacting clause with the following:
"Section 5. The University of Illinois Act is amended by
adding Section 90 as follows:
(110 ILCS 305/90 new)
Sec. 90. Reporting of investment information. For any State
capital improvement grant requested after the effective date of
this amendatory Act of the 99th General Assembly, the
University shall provide to the State agency awarding the
capital improvement grant a list of all University funds from
this State that are invested, excluding endowment funds; the
financial status of these investment funds; where the
investment funds are held; the amount in fees charged by those
holding the investment funds; and who audits the investment
funds.

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Section 10. The Southern Illinois University Management
Act is amended by adding Section 75 as follows:
(110 ILCS 520/75 new)
Sec. 75. Reporting of investment information. For any State
capital improvement grant requested after the effective date of
this amendatory Act of the 99th General Assembly, the
University shall provide to the State agency awarding the
capital improvement grant a list of all University funds from
this State that are invested, excluding endowment funds; the
financial status of these investment funds; where the
investment funds are held; the amount in fees charged by those
holding the investment funds; and who audits the investment
funds.
Section 15. The Chicago State University Law is amended by
adding Section 5-185 as follows:
(110 ILCS 660/5-185 new)
Sec. 5-185. Reporting of investment information. For any
State capital improvement grant requested after the effective
date of this amendatory Act of the 99th General Assembly, the
University shall provide to the State agency awarding the
capital improvement grant a list of all University funds from
this State that are invested, excluding endowment funds; the

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financial status of these investment funds; where the
investment funds are held; the amount in fees charged by those
holding the investment funds; and who audits the investment
funds.
Section 20. The Eastern Illinois University Law is amended
by adding Section 10-185 as follows:
(110 ILCS 665/10-185 new)
Sec. 10-185. Reporting of investment information. For any
State capital improvement grant requested after the effective
date of this amendatory Act of the 99th General Assembly, the
University shall provide to the State agency awarding the
capital improvement grant a list of all University funds from
this State that are invested, excluding endowment funds; the
financial status of these investment funds; where the
investment funds are held; the amount in fees charged by those
holding the investment funds; and who audits the investment
funds.
Section 25. The Governors State University Law is amended
by adding Section 15-185 as follows:
(110 ILCS 670/15-185 new)
Sec. 15-185. Reporting of investment information. For any
State capital improvement grant requested after the effective

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date of this amendatory Act of the 99th General Assembly, the
University shall provide to the State agency awarding the
capital improvement grant a list of all University funds from
this State that are invested, excluding endowment funds; the
financial status of these investment funds; where the
investment funds are held; the amount in fees charged by those
holding the investment funds; and who audits the investment
funds.
Section 30. The Illinois State University Law is amended by
adding Section 20-190 as follows:
(110 ILCS 675/20-190 new)
Sec. 20-190. Reporting of investment information. For any
State capital improvement grant requested after the effective
date of this amendatory Act of the 99th General Assembly, the
University shall provide to the State agency awarding the
capital improvement grant a list of all University funds from
this State that are invested, excluding endowment funds; the
financial status of these investment funds; where the
investment funds are held; the amount in fees charged by those
holding the investment funds; and who audits the investment
funds.
Section 35. The Northeastern Illinois University Law is
amended by adding Section 25-185 as follows:

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(110 ILCS 680/25-185 new)
Sec. 25-185. Reporting of investment information. For any
State capital improvement grant requested after the effective
date of this amendatory Act of the 99th General Assembly, the
University shall provide to the State agency awarding the
capital improvement grant a list of all University funds from
this State that are invested, excluding endowment funds; the
financial status of these investment funds; where the
investment funds are held; the amount in fees charged by those
holding the investment funds; and who audits the investment
funds.
Section 40. The Northern Illinois University Law is amended
by adding Section 30-195 as follows:
(110 ILCS 685/30-195 new)
Sec. 30-195. Reporting of investment information. For any
State capital improvement grant requested after the effective
date of this amendatory Act of the 99th General Assembly, the
University shall provide to the State agency awarding the
capital improvement grant a list of all University funds from
this State that are invested, excluding endowment funds; the
financial status of these investment funds; where the
investment funds are held; the amount in fees charged by those
holding the investment funds; and who audits the investment

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funds.
Section 45. The Western Illinois University Law is amended
by adding Section 35-190 as follows:
(110 ILCS 690/35-190 new)
Sec. 35-190. Reporting of investment information. For any
State capital improvement grant requested after the effective
date of this amendatory Act of the 99th General Assembly, the
University shall provide to the State agency awarding the
capital improvement grant a list of all University funds from
this State that are invested, excluding endowment funds; the
financial status of these investment funds; where the
investment funds are held; the amount in fees charged by those
holding the investment funds; and who audits the investment
funds.
Section 50. The Public Community College Act is amended by
adding Section 3-29.11 as follows:
(110 ILCS 805/3-29.11 new)
Sec. 3-29.11. Reporting of investment information. For any
State capital improvement grant requested after the effective
date of this amendatory Act of the 99th General Assembly, a
community college district shall provide to the State agency
awarding the capital improvement grant a list of all district

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funds from this State that are invested, excluding endowment
funds; the financial status of these investment funds; where
the investment funds are held; the amount in fees charged by
those holding the investment funds; and who audits the
investment funds.
Section 99. Effective date. This Act takes effect upon
becoming law.".