Bill Text: IL SB0642 | 2009-2010 | 96th General Assembly | Enrolled
Bill Title: Amends the Southern Illinois University Management Act. Makes a technical change in a Section concerning creation of the Board of Trustees.
Sponsorship: Bipartisan Bill
Status: (Passed) 2010-06-08 - Public Act . . . . . . . . . 96-0909 [SB0642 Detail]
Download: Illinois-2009-SB0642-Enrolled.html
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| 1 | AN ACT concerning education.
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| 2 | Be it enacted by the People of the State of Illinois, | ||||||
| 3 | represented in the General Assembly:
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| 4 | Section 5. The University of Illinois Act is amended by | ||||||
| 5 | changing Section 7 as follows:
| ||||||
| 6 | (110 ILCS 305/7) (from Ch. 144, par. 28)
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| 7 | Sec. 7. Powers of trustees.
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| 8 | (a) The trustees shall have power to provide for the | ||||||
| 9 | requisite
buildings, apparatus, and conveniences; to fix the | ||||||
| 10 | rates for tuition; to
appoint such professors and instructors, | ||||||
| 11 | and to establish and provide for
the management of such model | ||||||
| 12 | farms, model art, and other departments and
professorships, as | ||||||
| 13 | may be required to teach, in the most thorough manner,
such | ||||||
| 14 | branches of learning as are related to agriculture and the | ||||||
| 15 | mechanic
arts, and military tactics, without excluding other | ||||||
| 16 | scientific and classical
studies. The trustees shall, upon the | ||||||
| 17 | written request of an employee withhold
from the compensation | ||||||
| 18 | of that employee any dues, payments or contributions
payable by | ||||||
| 19 | such employee to any labor organization as defined in the | ||||||
| 20 | Illinois
Educational Labor Relations Act. Under such | ||||||
| 21 | arrangement, an amount shall
be withheld from each regular | ||||||
| 22 | payroll period which is equal to the pro rata
share of the | ||||||
| 23 | annual dues plus any payments or contributions, and the | ||||||
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| |||||||
| 1 | trustees
shall transmit such withholdings to the specified | ||||||
| 2 | labor organization within 10
working days from the time of the | ||||||
| 3 | withholding. They may accept the endowments
and voluntary | ||||||
| 4 | professorships or departments in the University, from any | ||||||
| 5 | person
or persons or corporations who may offer the same, and, | ||||||
| 6 | at any regular
meeting of the board, may prescribe rules and | ||||||
| 7 | regulations in relation to such
endowments and declare on what | ||||||
| 8 | general principles they may be admitted:
Provided, that such | ||||||
| 9 | special voluntary endowments or professorships shall
not be | ||||||
| 10 | incompatible with the true design and scope of the act of | ||||||
| 11 | congress,
or of this Act: Provided, that no student shall at | ||||||
| 12 | any time be allowed to
remain in or about the University in | ||||||
| 13 | idleness, or without full mental or
industrial occupation: And | ||||||
| 14 | provided further, that the trustees, in the
exercise of any of | ||||||
| 15 | the powers conferred by this Act, shall not create any
| ||||||
| 16 | liability or indebtedness in excess of the funds in the hands | ||||||
| 17 | of the
treasurer of the University at the time of creating such | ||||||
| 18 | liability or
indebtedness, and which may be specially and | ||||||
| 19 | properly applied to the
payment of the same. Any lease to the | ||||||
| 20 | trustees of lands, buildings or
facilities which will support | ||||||
| 21 | scientific research and development in such
areas as high | ||||||
| 22 | technology, super computing, microelectronics, biotechnology,
| ||||||
| 23 | robotics, physics and engineering shall be for a term not to | ||||||
| 24 | exceed 18 years,
and may grant to the trustees the option to | ||||||
| 25 | purchase the lands, buildings or
facilities. The lease shall | ||||||
| 26 | recite that it is subject to termination and
cancellation in | ||||||
| |||||||
| |||||||
| 1 | any year for which the General Assembly fails to make an
| ||||||
| 2 | appropriation to pay the rent payable under the terms of the | ||||||
| 3 | lease.
| ||||||
| 4 | Leases for the purposes described herein exceeding 5 years | ||||||
| 5 | shall have
the approval of the Illinois Board of Higher | ||||||
| 6 | Education.
| ||||||
| 7 | The Board of Trustees may, directly or in cooperation with | ||||||
| 8 | other institutions
of higher education, acquire by purchase or | ||||||
| 9 | lease or otherwise, and construct,
enlarge, improve, equip, | ||||||
| 10 | complete, operate, control and manage medical research
and high | ||||||
| 11 | technology parks, together with the necessary lands, | ||||||
| 12 | buildings,
facilities, equipment and personal property | ||||||
| 13 | therefor, to encourage and
facilitate (a) the location and | ||||||
| 14 | development of business and industry in the
State of Illinois, | ||||||
| 15 | and (b) the increased application and development of
technology | ||||||
| 16 | and (c) the improvement and development of the State's economy.
| ||||||
| 17 | The Board of Trustees may lease to nonprofit corporations all | ||||||
| 18 | or any part
of the land, buildings, facilities, equipment or | ||||||
| 19 | other property included in
a medical research and high | ||||||
| 20 | technology park upon such terms and conditions as
the | ||||||
| 21 | University of Illinois may deem advisable and enter into any | ||||||
| 22 | contract or
agreement with such nonprofit corporations as may | ||||||
| 23 | be necessary or suitable for
the construction, financing, | ||||||
| 24 | operation and maintenance and management of any
such park; and | ||||||
| 25 | may lease to any person, firm, partnership or corporation,
| ||||||
| 26 | either public or private, any part or all of the land, | ||||||
| |||||||
| |||||||
| 1 | building, facilities,
equipment or other property of such park | ||||||
| 2 | for such purposes and upon such
rentals, terms and conditions | ||||||
| 3 | as the University may deem advisable; and may
finance all or | ||||||
| 4 | part of the cost of any such park, including the purchase,
| ||||||
| 5 | lease, construction, reconstruction, improvement, remodeling, | ||||||
| 6 | addition to, and
extension and maintenance of all or part of | ||||||
| 7 | such high technology park, and all
equipment and furnishings, | ||||||
| 8 | by legislative appropriations, government grants,
contracts, | ||||||
| 9 | private gifts, loans, receipts from the operation of such high
| ||||||
| 10 | technology park, rentals and similar receipts; and may make its | ||||||
| 11 | other
facilities and services available to tenants or other | ||||||
| 12 | occupants of any such
park at rates which are reasonable and | ||||||
| 13 | appropriate.
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| 14 | The Trustees shall have power (a) to purchase real property | ||||||
| 15 | and
easements, and (b) to acquire real property and easements | ||||||
| 16 | in the manner
provided by law for the exercise of the right of | ||||||
| 17 | eminent domain, and in the
event negotiations for the | ||||||
| 18 | acquisition of real property or easements for
making any | ||||||
| 19 | improvement which the Trustees are authorized to make shall | ||||||
| 20 | have
proven unsuccessful and the Trustees shall have by | ||||||
| 21 | resolution adopted a
schedule or plan of operation for the | ||||||
| 22 | execution of the project and therein
made a finding that it is | ||||||
| 23 | necessary to take such property or easements
immediately or at | ||||||
| 24 | some specified later date in order to comply with the
schedule, | ||||||
| 25 | the Trustees may acquire such property or easements in the same
| ||||||
| 26 | manner provided in Article 20 of the Eminent Domain Act | ||||||
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| |||||||
| 1 | (quick-take procedure).
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| 2 | The Board of Trustees also shall have power to agree with | ||||||
| 3 | the State's
Attorney of the county in which any properties of | ||||||
| 4 | the Board are located to
pay for services rendered by the | ||||||
| 5 | various taxing districts for the years
1944 through 1949 and to | ||||||
| 6 | pay annually for services rendered thereafter by
such district | ||||||
| 7 | such sums as may be determined by the Board upon properties
| ||||||
| 8 | used solely for income producing purposes, title to which is | ||||||
| 9 | held by said
Board of Trustees, upon properties leased to | ||||||
| 10 | members of the staff of the
University of Illinois, title to | ||||||
| 11 | which is held in trust for said Board of
Trustees and upon | ||||||
| 12 | properties leased to for-profit entities the title to
which | ||||||
| 13 | properties is held by the Board of Trustees. A certified copy | ||||||
| 14 | of
any such agreement made with the State's Attorney shall be | ||||||
| 15 | filed with the
County Clerk and such sums shall be distributed | ||||||
| 16 | to the respective taxing
districts by the County Collector in | ||||||
| 17 | such proportions that each taxing district
will receive | ||||||
| 18 | therefrom such proportion as the tax rate of such taxing | ||||||
| 19 | district
bears to the total tax rate that would be levied | ||||||
| 20 | against such properties if
they were not exempt from taxation | ||||||
| 21 | under the Property Tax Code.
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| 22 | The Board of Trustees of the University of Illinois, | ||||||
| 23 | subject to the
applicable civil service law, may appoint | ||||||
| 24 | persons to be members of the
University of Illinois Police | ||||||
| 25 | Department. Members of the Police Department
shall be peace | ||||||
| 26 | officers and as such have all powers possessed by policemen
in | ||||||
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| |||||||
| 1 | cities, and sheriffs, including the power to make arrests on | ||||||
| 2 | view or
warrants of violations of state statutes and city or | ||||||
| 3 | county ordinances,
except that they may exercise such powers | ||||||
| 4 | only in counties wherein the
University and any of its branches | ||||||
| 5 | or properties are located when such is
required for the | ||||||
| 6 | protection of university properties and interests, and its
| ||||||
| 7 | students and personnel, and otherwise, within such counties, | ||||||
| 8 | when requested
by appropriate state or local law enforcement | ||||||
| 9 | officials; provided, however,
that such officer shall have no | ||||||
| 10 | power to serve and execute civil processes.
| ||||||
| 11 | The Board of Trustees must authorize to each member of the | ||||||
| 12 | University of
Illinois
Police
Department
and to any other | ||||||
| 13 | employee of the University of Illinois exercising the powers
of | ||||||
| 14 | a peace officer
a distinct badge
that, on its face, (i) clearly | ||||||
| 15 | states that the badge is authorized by the
University of
| ||||||
| 16 | Illinois and (ii)
contains a unique identifying number.
No | ||||||
| 17 | other badge shall be authorized by
the University of Illinois.
| ||||||
| 18 | Nothing in this paragraph prohibits the Board of Trustees from | ||||||
| 19 | issuing
shields
or other distinctive identification to | ||||||
| 20 | employees not exercising the powers of a
peace officer if the | ||||||
| 21 | Board of Trustees determines that a shield or distinctive
| ||||||
| 22 | identification is needed by the employee to carry out his or | ||||||
| 23 | her
responsibilities.
| ||||||
| 24 | The Board of Trustees may own, operate, or govern, by or | ||||||
| 25 | through the
College of Medicine at Peoria, a managed care | ||||||
| 26 | community network established
under subsection (b) of Section | ||||||
| |||||||
| |||||||
| 1 | 5-11 of the Illinois
Public Aid Code.
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| 2 | The powers of the trustees as herein designated are subject | ||||||
| 3 | to the provisions
of "An Act creating a Board of Higher | ||||||
| 4 | Education, defining its powers and
duties, making an | ||||||
| 5 | appropriation therefor, and repealing an Act herein named",
| ||||||
| 6 | approved August 22, 1961, as amended.
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| 7 | The Board of Trustees shall have the authority to adopt all | ||||||
| 8 | administrative
rules which may be necessary for the effective | ||||||
| 9 | administration, enforcement and
regulation of all matters for | ||||||
| 10 | which the Board has jurisdiction or
responsibility.
| ||||||
| 11 | (b) To assist in the provision of buildings and facilities | ||||||
| 12 | beneficial to,
useful for, or supportive of University | ||||||
| 13 | purposes, the Board of Trustees of the
University of Illinois | ||||||
| 14 | may exercise the following powers with regard to the
area | ||||||
| 15 | located on or adjacent to the University of Illinois at Chicago | ||||||
| 16 | campus and
bounded as follows: on the West by Morgan Street; on | ||||||
| 17 | the North by
Roosevelt Road; on the East by Union Street; and | ||||||
| 18 | on
the South by 16th
Street, in the City of Chicago:
| ||||||
| 19 | (1) Acquire any interests in land, buildings, or | ||||||
| 20 | facilities by purchase,
including installments payable | ||||||
| 21 | over a period allowed by law, by lease over a
term of such | ||||||
| 22 | duration as the Board of Trustees shall determine, or by
| ||||||
| 23 | exercise of the power of eminent domain;
| ||||||
| 24 | (2) Sub-lease or contract to purchase through | ||||||
| 25 | installments all or any
portion of buildings or facilities | ||||||
| 26 | for such duration and on such terms as the
Board of | ||||||
| |||||||
| |||||||
| 1 | Trustees shall determine, including a term that exceeds 5 | ||||||
| 2 | years,
provided that each such lease or purchase contract | ||||||
| 3 | shall be and shall recite
that it is subject to termination | ||||||
| 4 | and cancellation in any year for which the
General Assembly | ||||||
| 5 | fails to make an appropriation to pay the rent or purchase
| ||||||
| 6 | installments payable under the terms of such lease or | ||||||
| 7 | purchase contract; and
| ||||||
| 8 | (3) Sell property without compliance with the State | ||||||
| 9 | Property Control Act
and retain proceeds in the University | ||||||
| 10 | Treasury in a special, separate
development fund account | ||||||
| 11 | which the Auditor General shall examine to assure
| ||||||
| 12 | compliance with this Act.
| ||||||
| 13 | Any buildings or facilities to be developed on the land shall | ||||||
| 14 | be buildings or
facilities that, in the determination of the | ||||||
| 15 | Board of Trustees, in whole
or in part: (i) are for use by the | ||||||
| 16 | University; or (ii) otherwise advance the
interests of the | ||||||
| 17 | University, including, by way of example, residential
| ||||||
| 18 | facilities for University staff and students and commercial | ||||||
| 19 | facilities which
provide services needed by the University
| ||||||
| 20 | community. Revenues from the development fund account may be | ||||||
| 21 | withdrawn by
the University for the purpose of demolition and | ||||||
| 22 | the processes associated with
demolition; routine land and | ||||||
| 23 | property acquisition; extension of utilities;
streetscape | ||||||
| 24 | work; landscape work; surface and structure parking; | ||||||
| 25 | sidewalks,
recreational paths, and street construction; and | ||||||
| 26 | lease and lease purchase
arrangements and the professional | ||||||
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| |||||||
| 1 | services associated with the planning and
development of the | ||||||
| 2 | area. Moneys from the development fund account used for any
| ||||||
| 3 | other purpose must be deposited into and appropriated from the | ||||||
| 4 | General Revenue
Fund. Buildings or facilities leased to
an
| ||||||
| 5 | entity
or person other than the University shall not be subject | ||||||
| 6 | to any limitations
applicable to a State supported college or | ||||||
| 7 | university under any law. All
development on the land and all | ||||||
| 8 | use of any buildings or facilities shall be
subject to the | ||||||
| 9 | control and approval of the Board of Trustees.
| ||||||
| 10 | (c) The Board of Trustees shall have the power to borrow | ||||||
| 11 | money, as necessary, from time to time in anticipation of | ||||||
| 12 | receiving tuition, payments from the State of Illinois, or | ||||||
| 13 | other revenues or receipts of the University, also known as | ||||||
| 14 | anticipated moneys. The borrowing limit shall be capped at 100% | ||||||
| 15 | of the total amount of payroll and other expense vouchers | ||||||
| 16 | submitted and payable to the University for fiscal year 2010 | ||||||
| 17 | expenses, but unpaid at the State Comptroller's office. Prior | ||||||
| 18 | to borrowing any funds, the University shall request from the | ||||||
| 19 | Comptroller's office a verification of the borrowing limit and | ||||||
| 20 | shall include the estimated date on which such borrowing shall | ||||||
| 21 | occur. The borrowing limit cap shall be verified by State | ||||||
| 22 | Comptroller's office not prior to 45 days before any estimated | ||||||
| 23 | date for executing any promissory note or line of credit | ||||||
| 24 | established under this subsection (c). The principal amount | ||||||
| 25 | borrowed under a promissory note or line of credit shall not | ||||||
| 26 | exceed 75% of the borrowing limit. Within 15 days after | ||||||
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| 1 | borrowing funds under any promissory note or line of credit | ||||||
| 2 | established under this subsection (c), the University shall | ||||||
| 3 | submit to the Governor's Office of Management and Budget, the | ||||||
| 4 | Speaker of the House of Representatives, the Minority Leader of | ||||||
| 5 | the House of Representatives, the President of the Senate, and | ||||||
| 6 | Minority Leader of the Senate, an Emergency Short Term Cash | ||||||
| 7 | Management Plan. The Emergency Short Term Cash Management Plan | ||||||
| 8 | shall outline the amount borrowed, the terms for repayment, the | ||||||
| 9 | amount of outstanding State vouchers as verified by the State | ||||||
| 10 | Comptroller's office, and the University's plan for | ||||||
| 11 | expenditure of any borrowed funds, including, but not limited | ||||||
| 12 | to, a detailed plan to meet payroll obligations to include | ||||||
| 13 | collective bargaining employees, civil service employees, and | ||||||
| 14 | academic, research, and health care personnel. The | ||||||
| 15 | establishment of any promissory note or line of credit | ||||||
| 16 | established under this subsection (c) must be finalized within | ||||||
| 17 | 90 days after the effective date of this amendatory Act of the | ||||||
| 18 | 96th General Assembly. The borrowed moneys shall be applied to | ||||||
| 19 | the purposes of paying salaries and other expenses lawfully | ||||||
| 20 | authorized in the University's State appropriation and unpaid | ||||||
| 21 | by the State Comptroller. Any line of credit established under | ||||||
| 22 | this subsection (c) shall be paid in full one year after | ||||||
| 23 | creation or within 10 days after the date the University | ||||||
| 24 | receives reimbursement from the State for all submitted fiscal | ||||||
| 25 | year 2010 vouchers, whichever is earlier. Any promissory note | ||||||
| 26 | established under this subsection (c) shall be repaid within | ||||||
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| |||||||
| 1 | one year after issuance of the note. The Chairman, Comptroller, | ||||||
| 2 | or Treasurer of the Board shall execute a promissory note or | ||||||
| 3 | similar debt instrument to evidence the indebtedness incurred | ||||||
| 4 | by the borrowing. In connection with a borrowing, the Board may | ||||||
| 5 | establish a line of credit with a financial institution, | ||||||
| 6 | investment bank, or broker/dealer.
The obligation to make the | ||||||
| 7 | payments due under any promissory note or line of credit | ||||||
| 8 | established under this subsection (c) shall be a lawful | ||||||
| 9 | obligation of the University payable from the anticipated | ||||||
| 10 | moneys. Any borrowing under this subsection (c) shall not | ||||||
| 11 | constitute a debt, legal or moral, of the State and shall not | ||||||
| 12 | be enforceable against the State. The promissory note or line | ||||||
| 13 | of credit shall be authorized by a resolution passed by the | ||||||
| 14 | Board and shall be valid whether or not a budgeted item with | ||||||
| 15 | respect to that resolution is included in any annual or | ||||||
| 16 | supplemental budget adopted by the Board. The resolution shall | ||||||
| 17 | set forth facts demonstrating the need for the borrowing, state | ||||||
| 18 | an amount that the amount to be borrowed will not exceed, and | ||||||
| 19 | establish a maximum interest rate limit not to exceed the | ||||||
| 20 | maximum rate authorized by the Bond Authorization Act or 9%, | ||||||
| 21 | whichever is less. The resolution may direct the Comptroller or | ||||||
| 22 | Treasurer of the Board to make arrangements to set apart and | ||||||
| 23 | hold the portion of the anticipated moneys, as received, that | ||||||
| 24 | shall be used to repay the borrowing, subject to any prior | ||||||
| 25 | pledges or restrictions with respect to the anticipated moneys. | ||||||
| 26 | The resolution may also authorize the Treasurer of the Board to | ||||||
| |||||||
| |||||||
| 1 | make partial repayments of the borrowing as the anticipated | ||||||
| 2 | moneys become available and may contain any other terms, | ||||||
| 3 | restrictions, or limitations not inconsistent with the powers | ||||||
| 4 | of the Board. | ||||||
| 5 | For the purposes of this subsection (c), "financial | ||||||
| 6 | institution" means any bank subject to the Illinois Banking | ||||||
| 7 | Act, any savings and loan association subject to the Illinois | ||||||
| 8 | Savings and Loan Act of 1985, and any federally chartered | ||||||
| 9 | commercial bank or savings and loan association or | ||||||
| 10 | government-sponsored enterprise organized and operated in this | ||||||
| 11 | State pursuant to the laws of the United States. | ||||||
| 12 | (Source: P.A. 93-423, eff. 8-5-03; 94-1055, eff. 1-1-07.)
| ||||||
| 13 | Section 10. The Southern Illinois University Management | ||||||
| 14 | Act is amended by changing Section 8 as follows:
| ||||||
| 15 | (110 ILCS 520/8) (from Ch. 144, par. 658) | ||||||
| 16 | Sec. 8. Powers and Duties of the Board. The Board shall | ||||||
| 17 | have power and
it shall be its duty: | ||||||
| 18 | 1. To make rules, regulations and by-laws, not | ||||||
| 19 | inconsistent with
law, for the government and management of | ||||||
| 20 | Southern Illinois University
and its branches; | ||||||
| 21 | 2. To employ, and, for good cause, to remove a | ||||||
| 22 | president of Southern
Illinois University, and all | ||||||
| 23 | necessary deans, professors, associate
professors, | ||||||
| 24 | assistant professors, instructors, and other educational | ||||||
| |||||||
| |||||||
| 1 | and
administrative assistants, and all other necessary | ||||||
| 2 | employees, and
contract with them upon matters relating to | ||||||
| 3 | tenure, salaries and
retirement benefits in accordance | ||||||
| 4 | with the State Universities Civil Service
Act; the Board | ||||||
| 5 | shall, upon the written request of an employee of Southern
| ||||||
| 6 | Illinois University, withhold from the compensation of | ||||||
| 7 | that employee any
dues, payments or contributions payable | ||||||
| 8 | by such employee to any labor
organization as defined in | ||||||
| 9 | the Illinois Educational Labor Relations Act.
Under such | ||||||
| 10 | arrangement, an amount shall be withheld from each regular
| ||||||
| 11 | payroll period which is equal to the pro rata share of the | ||||||
| 12 | annual dues plus
any payments or contributions, and the | ||||||
| 13 | Board shall transmit such withholdings
to the specified | ||||||
| 14 | labor organization within 10 working days from the time
of | ||||||
| 15 | the withholding. Whenever the Board establishes a search | ||||||
| 16 | committee to
fill the position of president of Southern | ||||||
| 17 | Illinois University, there shall
be minority | ||||||
| 18 | representation, including women, on that search committee; | ||||||
| 19 | 3. To prescribe the course of study to be followed, and | ||||||
| 20 | textbooks
and apparatus to be used at Southern Illinois | ||||||
| 21 | University; | ||||||
| 22 | 4. To issue upon the recommendation of the faculty, | ||||||
| 23 | diplomas to such
persons as have satisfactorily completed | ||||||
| 24 | the required studies of
Southern Illinois University, and | ||||||
| 25 | confer such professional and literary
degrees as are | ||||||
| 26 | usually conferred by other institutions of like character
| ||||||
| |||||||
| |||||||
| 1 | for similar or equivalent courses of study, or such as the | ||||||
| 2 | Board may
deem appropriate; | ||||||
| 3 | 5. To examine into the conditions, management, and | ||||||
| 4 | administration of
Southern Illinois University, to provide | ||||||
| 5 | the requisite buildings,
apparatus, equipment and | ||||||
| 6 | auxiliary enterprises, and to fix and collect
| ||||||
| 7 | matriculation fees; tuition fees; fees for student | ||||||
| 8 | activities; fees for
student facilities such as student | ||||||
| 9 | union buildings or field houses or
stadium or other | ||||||
| 10 | recreational facilities; student welfare fees;
laboratory | ||||||
| 11 | fees and similar fees for supplies and material; | ||||||
| 12 | 6. To succeed to and to administer all trusts, trust | ||||||
| 13 | property, and
gifts now or hereafter belonging or | ||||||
| 14 | pertaining to Southern Illinois
University; | ||||||
| 15 | 7. To accept endowments of professorships or | ||||||
| 16 | departments in the
University from any person who may | ||||||
| 17 | proffer them and, at regular
meetings, to prescribe rules | ||||||
| 18 | and regulations in relation to endowments
and declare on | ||||||
| 19 | what general principles they may be accepted; | ||||||
| 20 | 8. To enter into contracts with the Federal government | ||||||
| 21 | for providing
courses of instruction and other services at | ||||||
| 22 | Southern Illinois
University for persons serving in or with | ||||||
| 23 | the military or naval forces
of the United States, and to | ||||||
| 24 | provide such courses of instruction and
other services; | ||||||
| 25 | 9. To provide for the receipt and expenditures of | ||||||
| 26 | Federal funds,
paid to the Southern Illinois University by | ||||||
| |||||||
| |||||||
| 1 | the Federal government for
instruction and other services | ||||||
| 2 | for persons serving in or with the
military or naval forces | ||||||
| 3 | of the United States and to provide for audits
of such | ||||||
| 4 | funds; | ||||||
| 5 | 10. To appoint, subject to the applicable civil service | ||||||
| 6 | law, persons
to be members of the Southern Illinois | ||||||
| 7 | University Police Department.
Members of the Police | ||||||
| 8 | Department shall be conservators of the peace and
as such | ||||||
| 9 | have all powers possessed by policemen in cities, and | ||||||
| 10 | sheriffs,
including the power to make arrests on view or | ||||||
| 11 | warrants of violations of
state statutes, university rules | ||||||
| 12 | and regulations and city or county
ordinances, except that | ||||||
| 13 | they may exercise such powers only within
counties wherein | ||||||
| 14 | the university and any of its branches or properties
are | ||||||
| 15 | located when such is required for the protection of | ||||||
| 16 | university
properties and interests, and its students and | ||||||
| 17 | personnel, and otherwise,
within such counties, when | ||||||
| 18 | requested by appropriate State
or local law enforcement | ||||||
| 19 | officials. However, such officers shall have no
power to | ||||||
| 20 | serve and execute civil processes. | ||||||
| 21 | The Board must authorize to each member of the Southern | ||||||
| 22 | Illinois University
Police
Department
and to any other | ||||||
| 23 | employee of Southern Illinois University exercising the | ||||||
| 24 | powers
of a peace officer
a distinct badge
that, on its | ||||||
| 25 | face, (i) clearly states that the badge is authorized by | ||||||
| 26 | Southern
Illinois
University and
(ii) contains a unique | ||||||
| |||||||
| |||||||
| 1 | identifying number. No other badge shall be authorized
by | ||||||
| 2 | Southern Illinois University. | ||||||
| 3 | 10.5.
To conduct health care programs in furtherance of | ||||||
| 4 | its teaching, research, and public service functions, | ||||||
| 5 | which shall include without limitation patient and | ||||||
| 6 | ancillary facilities, institutes, clinics, or offices | ||||||
| 7 | owned, leased, or purchased through an equity interest by | ||||||
| 8 | the Board or its appointed designee to carry out such | ||||||
| 9 | activities in the course of or in support of the Board's | ||||||
| 10 | academic, clinical, and public service responsibilities.
| ||||||
| 11 | 11. To administer a plan or plans established by the | ||||||
| 12 | clinical faculty
of the School of Medicine for the billing, | ||||||
| 13 | collection and disbursement of
charges for services | ||||||
| 14 | performed
in the course of or in support of the faculty's | ||||||
| 15 | academic responsibilities,
provided that such plan has | ||||||
| 16 | been first approved by Board action. All such
collections | ||||||
| 17 | shall be deposited into a special fund or funds | ||||||
| 18 | administered
by the Board from which disbursements may be | ||||||
| 19 | made according to the provisions
of said plan. The | ||||||
| 20 | reasonable costs incurred, by the University, | ||||||
| 21 | administering
the billing, collection and disbursement | ||||||
| 22 | provisions of a plan shall have
first priority for payment | ||||||
| 23 | before distribution or disbursement for any other
purpose. | ||||||
| 24 | Audited financial statements of the plan or plans must be | ||||||
| 25 | provided to the Legislative Audit
Commission annually. | ||||||
| 26 | The Board of Trustees may own, operate, or govern, by | ||||||
| |||||||
| |||||||
| 1 | or through the School
of Medicine, a managed care community | ||||||
| 2 | network established under subsection
(b)
of Section 5-11 of | ||||||
| 3 | the Illinois Public Aid Code. | ||||||
| 4 | 12. The Board of Trustees may, directly or in | ||||||
| 5 | cooperation with other
institutions of higher education, | ||||||
| 6 | acquire by purchase or lease or
otherwise, and construct, | ||||||
| 7 | enlarge, improve, equip, complete, operate,
control and | ||||||
| 8 | manage medical research and high technology parks, | ||||||
| 9 | together
with the necessary lands, buildings, facilities, | ||||||
| 10 | equipment, and personal
property therefor, to encourage | ||||||
| 11 | and facilitate (a) the location and
development of business | ||||||
| 12 | and industry in the State of Illinois, and (b) the
| ||||||
| 13 | increased application and development of technology and | ||||||
| 14 | (c) the improvement
and development of the State's economy. | ||||||
| 15 | The Board of Trustees may lease to
nonprofit corporations | ||||||
| 16 | all or any part of the land, buildings, facilities,
| ||||||
| 17 | equipment or other property included in a medical research | ||||||
| 18 | and high
technology park upon such terms and conditions as | ||||||
| 19 | the Board of Trustees may
deem advisable and enter into any | ||||||
| 20 | contract or agreement with such nonprofit
corporations as | ||||||
| 21 | may be necessary or suitable for the construction,
| ||||||
| 22 | financing, operation and maintenance and management of any | ||||||
| 23 | such park; and
may lease to any person, firm, partnership | ||||||
| 24 | or corporation, either public or
private, any part or all | ||||||
| 25 | of the land, building, facilities, equipment or
other | ||||||
| 26 | property of such park for such purposes and upon such
| ||||||
| |||||||
| |||||||
| 1 | rentals, terms and conditions as the Board of Trustees may | ||||||
| 2 | deem advisable; and
may finance all or part of the cost of | ||||||
| 3 | any such park, including the purchase,
lease, | ||||||
| 4 | construction, reconstruction, improvement, remodeling, | ||||||
| 5 | addition to,
and extension and maintenance of all or part | ||||||
| 6 | of such high technology park,
and all equipment and | ||||||
| 7 | furnishings, by legislative appropriations, government
| ||||||
| 8 | grants, contracts, private gifts, loans, receipts from the | ||||||
| 9 | operation of
such high technology park, rentals and similar | ||||||
| 10 | receipts; and may make its
other facilities and services | ||||||
| 11 | available to tenants or other occupants of
any such park at | ||||||
| 12 | rates which are reasonable and appropriate. | ||||||
| 13 | 13. To borrow money, as necessary, from time to time in | ||||||
| 14 | anticipation of receiving tuition, payments from the State | ||||||
| 15 | of Illinois, or other revenues or receipts of the | ||||||
| 16 | University, also known as anticipated moneys. The | ||||||
| 17 | borrowing limit shall be capped at 100% of the total amount | ||||||
| 18 | of payroll and other expense vouchers submitted and payable | ||||||
| 19 | to the University for fiscal year 2010 expenses, but unpaid | ||||||
| 20 | at the State Comptroller's office. Prior to borrowing any | ||||||
| 21 | funds, the University shall request from the Comptroller's | ||||||
| 22 | office a verification of the borrowing limit and shall | ||||||
| 23 | include the estimated date on which such borrowing shall | ||||||
| 24 | occur. The borrowing limit cap shall be verified by State | ||||||
| 25 | Comptroller's office not prior to 45 days before any | ||||||
| 26 | estimated date for executing any promissory note or line of | ||||||
| |||||||
| |||||||
| 1 | credit established under this item 13. The principal amount | ||||||
| 2 | borrowed under a promissory note or line of credit shall | ||||||
| 3 | not exceed 75% of the borrowing limit. Within 15 days after | ||||||
| 4 | borrowing funds under any promissory note or line of credit | ||||||
| 5 | established under this item 13, the University shall submit | ||||||
| 6 | to the Governor's Office of Management and Budget, the | ||||||
| 7 | Speaker of the House of Representatives, the Minority | ||||||
| 8 | Leader of the House of Representatives, the President of | ||||||
| 9 | the Senate, and Minority Leader of the Senate, an Emergency | ||||||
| 10 | Short Term Cash Management Plan. The Emergency Short Term | ||||||
| 11 | Cash Management Plan shall outline the amount borrowed, the | ||||||
| 12 | terms for repayment, the amount of outstanding State | ||||||
| 13 | vouchers as verified by the State Comptroller's office, and | ||||||
| 14 | the University's plan for expenditure of any borrowed | ||||||
| 15 | funds, including, but not limited to, a detailed plan to | ||||||
| 16 | meet payroll obligations to include collective bargaining | ||||||
| 17 | employees, civil service employees, and academic, | ||||||
| 18 | research, and health care personnel. The establishment of | ||||||
| 19 | any promissory note or line of credit established under | ||||||
| 20 | this item 13 must be finalized within 90 days after the | ||||||
| 21 | effective date of this amendatory Act of the 96th General | ||||||
| 22 | Assembly. The borrowed moneys shall be applied to the | ||||||
| 23 | purposes of paying salaries and other expenses lawfully | ||||||
| 24 | authorized in the University's State appropriation and | ||||||
| 25 | unpaid by the State Comptroller. Any line of credit | ||||||
| 26 | established under this item 13 shall be paid in full one | ||||||
| |||||||
| |||||||
| 1 | year after creation or within 10 days after the date the | ||||||
| 2 | University receives reimbursement from the State for all | ||||||
| 3 | submitted fiscal year 2010 vouchers, whichever is earlier. | ||||||
| 4 | Any promissory note established under this item 13 shall be | ||||||
| 5 | repaid within one year after issuance of the note. The | ||||||
| 6 | Chairman, Comptroller, or Treasurer of the Board shall | ||||||
| 7 | execute a promissory note or similar debt instrument to | ||||||
| 8 | evidence the indebtedness incurred by the borrowing. In | ||||||
| 9 | connection with a borrowing, the Board may establish a line | ||||||
| 10 | of credit with a financial institution, investment bank, or | ||||||
| 11 | broker/dealer.
The obligation to make the payments due | ||||||
| 12 | under any promissory note or line of credit established | ||||||
| 13 | under this item 13 shall be a lawful obligation of the | ||||||
| 14 | University payable from the anticipated moneys. Any | ||||||
| 15 | borrowing under this item 13 shall not constitute a debt, | ||||||
| 16 | legal or moral, of the State and shall not be enforceable | ||||||
| 17 | against the State. The promissory note or line of credit | ||||||
| 18 | shall be authorized by a resolution passed by the Board and | ||||||
| 19 | shall be valid whether or not a budgeted item with respect | ||||||
| 20 | to that resolution is included in any annual or | ||||||
| 21 | supplemental budget adopted by the Board. The resolution | ||||||
| 22 | shall set forth facts demonstrating the need for the | ||||||
| 23 | borrowing, state an amount that the amount to be borrowed | ||||||
| 24 | will not exceed, and establish a maximum interest rate | ||||||
| 25 | limit not to exceed the maximum rate authorized by the Bond | ||||||
| 26 | Authorization Act or 9%, whichever is less. The resolution | ||||||
| |||||||
| |||||||
| 1 | may direct the Comptroller or Treasurer of the Board to | ||||||
| 2 | make arrangements to set apart and hold the portion of the | ||||||
| 3 | anticipated moneys, as received, that shall be used to | ||||||
| 4 | repay the borrowing, subject to any prior pledges or | ||||||
| 5 | restrictions with respect to the anticipated moneys. The | ||||||
| 6 | resolution may also authorize the Treasurer of the Board to | ||||||
| 7 | make partial repayments of the borrowing as the anticipated | ||||||
| 8 | moneys become available and may contain any other terms, | ||||||
| 9 | restrictions, or limitations not inconsistent with the | ||||||
| 10 | powers of the Board. | ||||||
| 11 | For the purposes of this item 13, "financial | ||||||
| 12 | institution" means any bank subject to the Illinois Banking | ||||||
| 13 | Act, any savings and loan association subject to the | ||||||
| 14 | Illinois Savings and Loan Act of 1985, and any federally | ||||||
| 15 | chartered commercial bank or savings and loan association | ||||||
| 16 | or government-sponsored enterprise organized and operated | ||||||
| 17 | in this State pursuant to the laws of the United States. | ||||||
| 18 | The powers of the Board as herein designated are subject to | ||||||
| 19 | the Board
of Higher Education Act. | ||||||
| 20 | (Source: P.A. 95-158, eff. 8-14-07; 95-876, eff. 8-21-08.)
| ||||||
| 21 | Section 15. The Chicago State University Law is amended by | ||||||
| 22 | changing Section 5-45 as follows:
| ||||||
| 23 | (110 ILCS 660/5-45)
| ||||||
| 24 | Sec. 5-45. Powers and duties. The Board also shall have | ||||||
| |||||||
| |||||||
| 1 | power and
it shall be its duty:
| ||||||
| 2 | (1) To make rules, regulations and bylaws, not inconsistent | ||||||
| 3 | with
law, for the government and management of Chicago State | ||||||
| 4 | University
and its branches;
| ||||||
| 5 | (2) To employ, and, for good cause, to remove a President | ||||||
| 6 | of Chicago State
University, and all necessary deans, | ||||||
| 7 | professors, associate
professors, assistant professors, | ||||||
| 8 | instructors, other educational and
administrative assistants, | ||||||
| 9 | and all other necessary employees, and to prescribe
their | ||||||
| 10 | duties and contract with them upon matters relating to tenure, | ||||||
| 11 | salaries
and
retirement benefits in accordance with
the State | ||||||
| 12 | Universities Civil Service Act. Whenever the Board establishes | ||||||
| 13 | a
search committee to fill the position of President of Chicago | ||||||
| 14 | State University,
there shall be minority representation, | ||||||
| 15 | including women, on that search
committee. The
Board shall, | ||||||
| 16 | upon the written request
of an employee of Chicago State | ||||||
| 17 | University, withhold from the compensation
of that employee any | ||||||
| 18 | dues, payments or contributions payable by such employee
to any | ||||||
| 19 | labor organization as defined in the Illinois Educational Labor
| ||||||
| 20 | Relations
Act. Under such arrangement, an amount shall be | ||||||
| 21 | withheld from each regular
payroll period which is equal to the | ||||||
| 22 | pro rata share of the annual dues plus
any payments or | ||||||
| 23 | contributions, and the Board shall transmit such withholdings
| ||||||
| 24 | to the specified labor organization within 10 working days from | ||||||
| 25 | the time
of the withholding;
| ||||||
| 26 | (3) To prescribe the courses of study to be followed, and | ||||||
| |||||||
| |||||||
| 1 | textbooks
and apparatus to be used at Chicago State University;
| ||||||
| 2 | (4) To issue upon the recommendation of the faculty, | ||||||
| 3 | diplomas to such
persons as have satisfactorily completed the | ||||||
| 4 | required studies of
Chicago State University, and confer such | ||||||
| 5 | professional and literary
degrees as are usually conferred by | ||||||
| 6 | other institutions of like character
for similar or equivalent | ||||||
| 7 | courses of study, or such as the Board may
deem appropriate;
| ||||||
| 8 | (5) To examine into the conditions, management, and | ||||||
| 9 | administration of
Chicago State University, to provide the | ||||||
| 10 | requisite buildings,
apparatus, equipment and auxiliary | ||||||
| 11 | enterprises, and to fix and collect
matriculation fees; tuition | ||||||
| 12 | fees; fees for student activities; fees for
student facilities | ||||||
| 13 | such as student union buildings or field houses or
stadia or | ||||||
| 14 | other recreational facilities; student welfare fees;
| ||||||
| 15 | laboratory fees; and similar fees for supplies and materials.
| ||||||
| 16 | The expense of the building, improving, repairing and supplying | ||||||
| 17 | fuel and
furniture and the necessary appliances and apparatus | ||||||
| 18 | for conducting Chicago
State
University, the reimbursed | ||||||
| 19 | expenses of members of the Board, and the
salaries or | ||||||
| 20 | compensation of the President, assistants, agents and other
| ||||||
| 21 | employees of Chicago State University, shall be a charge upon | ||||||
| 22 | the State
Treasury. All
other expenses shall be chargeable | ||||||
| 23 | against students, and the Board shall
regulate the charges | ||||||
| 24 | accordingly;
| ||||||
| 25 | (6) To succeed to and to administer all trusts, trust | ||||||
| 26 | property, and
gifts now or hereafter belonging or pertaining to | ||||||
| |||||||
| |||||||
| 1 | Chicago State
University;
| ||||||
| 2 | (7) To accept endowments of professorships or departments | ||||||
| 3 | in Chicago State
University from any person who may proffer | ||||||
| 4 | them and, at regular
meetings, to prescribe rules and | ||||||
| 5 | regulations in relation to endowments
and declare on what | ||||||
| 6 | general principles they may be accepted;
| ||||||
| 7 | (8) To enter into contracts with the Federal government for | ||||||
| 8 | providing
courses of instruction and other services at Chicago | ||||||
| 9 | State
University for persons serving in or with the military or | ||||||
| 10 | naval forces
of the United States, and to provide such courses | ||||||
| 11 | of instruction and
other services;
| ||||||
| 12 | (9) To contract with respect to the Cooperative Computer | ||||||
| 13 | Center to obtain
services related to electronic data | ||||||
| 14 | processing;
| ||||||
| 15 | (10) To provide for the receipt and expenditures of Federal | ||||||
| 16 | funds
paid to Chicago State University by the Federal | ||||||
| 17 | government for
instruction and other services for persons | ||||||
| 18 | serving in or with the
military or naval forces of the United | ||||||
| 19 | States, and to provide for audits
of such funds;
| ||||||
| 20 | (11) To appoint, subject to the applicable civil service | ||||||
| 21 | law, persons
to be members of the Chicago State University | ||||||
| 22 | Police Department.
Members of the Police Department shall be | ||||||
| 23 | conservators of the peace and
as such have all powers possessed | ||||||
| 24 | by policemen in cities, and sheriffs,
including the power to | ||||||
| 25 | make arrests on view or warrants of violations of
State | ||||||
| 26 | statutes, University rules and regulations and city or county
| ||||||
| |||||||
| |||||||
| 1 | ordinances, except that they may exercise such powers only | ||||||
| 2 | within
counties wherein Chicago State University and any of its | ||||||
| 3 | branches or properties
are located when such is required for | ||||||
| 4 | the protection of University
properties and interests, and its | ||||||
| 5 | students and personnel, and otherwise,
within such counties, | ||||||
| 6 | when requested by appropriate State
or local law enforcement | ||||||
| 7 | officials. However, such officers shall have no
power to serve | ||||||
| 8 | and execute civil processes.
| ||||||
| 9 | The Board must authorize to each member of the Chicago | ||||||
| 10 | State University
Police
Department
and to any other employee of | ||||||
| 11 | Chicago State University exercising the powers
of a peace | ||||||
| 12 | officer
a distinct badge
that, on its face, (i) clearly states | ||||||
| 13 | that the badge is authorized by Chicago
State
University and
| ||||||
| 14 | (ii) contains a unique identifying number on its face.
No other | ||||||
| 15 | badge shall be authorized by
Chicago State University;
| ||||||
| 16 | (12) The Board may, directly or in cooperation with other | ||||||
| 17 | institutions
of higher education, acquire by purchase or lease | ||||||
| 18 | or otherwise, and construct,
enlarge, improve, equip, | ||||||
| 19 | complete, operate, control and manage research
and high | ||||||
| 20 | technology parks, together with the necessary lands, | ||||||
| 21 | buildings,
facilities, equipment, and personal property | ||||||
| 22 | therefor,
to encourage and facilitate (i) the location and | ||||||
| 23 | development of business
and industry in the State of Illinois, | ||||||
| 24 | and (ii) the increased application
and development of | ||||||
| 25 | technology, and (iii) the improvement and development of
the | ||||||
| 26 | State's economy. The Board may lease to nonprofit corporations
| ||||||
| |||||||
| |||||||
| 1 | all or any part
of the land, buildings, facilities, equipment | ||||||
| 2 | or other property included
in a research and high technology | ||||||
| 3 | park upon such terms and conditions
as the Board may deem | ||||||
| 4 | advisable and enter into any contract or
agreement with such | ||||||
| 5 | nonprofit corporations as may be necessary or suitable
for the | ||||||
| 6 | construction, financing, operation and maintenance and | ||||||
| 7 | management
of any such park; and may lease to any person, firm, | ||||||
| 8 | partnership or
corporation,
either public or private, any part | ||||||
| 9 | or all of the land, building, facilities,
equipment or other | ||||||
| 10 | property of such park for such purposes and upon such
rentals, | ||||||
| 11 | terms and conditions as the Board may deem advisable; and
may | ||||||
| 12 | finance all or part of the cost of any such park, including the | ||||||
| 13 | purchase,
lease, construction, reconstruction, improvement, | ||||||
| 14 | remodeling, addition to,
and extension and maintenance of all | ||||||
| 15 | or part of such high technology park,
and all equipment and | ||||||
| 16 | furnishings, by legislative appropriations, government
grants, | ||||||
| 17 | contracts, private gifts, loans, receipts from the operation of
| ||||||
| 18 | such high technology park, rentals and similar receipts; and | ||||||
| 19 | may make its
other facilities and services available to tenants | ||||||
| 20 | or other occupants of
any such park at rates which are | ||||||
| 21 | reasonable and appropriate; .
| ||||||
| 22 | (13) To borrow money, as necessary, from time to time in | ||||||
| 23 | anticipation of receiving tuition, payments from the State of | ||||||
| 24 | Illinois, or other revenues or receipts of the University, also | ||||||
| 25 | known as anticipated moneys. The borrowing limit shall be | ||||||
| 26 | capped at 100% of the total amount of payroll and other expense | ||||||
| |||||||
| |||||||
| 1 | vouchers submitted and payable to the University for fiscal | ||||||
| 2 | year 2010 expenses, but unpaid at the State Comptroller's | ||||||
| 3 | office. Prior to borrowing any funds, the University shall | ||||||
| 4 | request from the Comptroller's office a verification of the | ||||||
| 5 | borrowing limit and shall include the estimated date on which | ||||||
| 6 | such borrowing shall occur. The borrowing limit cap shall be | ||||||
| 7 | verified by State Comptroller's office not prior to 45 days | ||||||
| 8 | before any estimated date for executing any promissory note or | ||||||
| 9 | line of credit established under this item (13). The principal | ||||||
| 10 | amount borrowed under a promissory note or line of credit shall | ||||||
| 11 | not exceed 75% of the borrowing limit. Within 15 days after | ||||||
| 12 | borrowing funds under any promissory note or line of credit | ||||||
| 13 | established under this item (13), the University shall submit | ||||||
| 14 | to the Governor's Office of Management and Budget, the Speaker | ||||||
| 15 | of the House of Representatives, the Minority Leader of the | ||||||
| 16 | House of Representatives, the President of the Senate, and | ||||||
| 17 | Minority Leader of the Senate, an Emergency Short Term Cash | ||||||
| 18 | Management Plan. The Emergency Short Term Cash Management Plan | ||||||
| 19 | shall outline the amount borrowed, the terms for repayment, the | ||||||
| 20 | amount of outstanding State vouchers as verified by the State | ||||||
| 21 | Comptroller's office, and the University's plan for | ||||||
| 22 | expenditure of any borrowed funds, including, but not limited | ||||||
| 23 | to, a detailed plan to meet payroll obligations to include | ||||||
| 24 | collective bargaining employees, civil service employees, and | ||||||
| 25 | academic, research, and health care personnel. The | ||||||
| 26 | establishment of any promissory note or line of credit | ||||||
| |||||||
| |||||||
| 1 | established under this item (13) must be finalized within 90 | ||||||
| 2 | days after the effective date of this amendatory Act of the | ||||||
| 3 | 96th General Assembly. The borrowed moneys shall be applied to | ||||||
| 4 | the purposes of paying salaries and other expenses lawfully | ||||||
| 5 | authorized in the University's State appropriation and unpaid | ||||||
| 6 | by the State Comptroller. Any line of credit established under | ||||||
| 7 | this item (13) shall be paid in full one year after creation or | ||||||
| 8 | within 10 days after the date the University receives | ||||||
| 9 | reimbursement from the State for all submitted fiscal year 2010 | ||||||
| 10 | vouchers, whichever is earlier. Any promissory note | ||||||
| 11 | established under this item (13) shall be repaid within one | ||||||
| 12 | year after issuance of the note. The Chairman, Comptroller, or | ||||||
| 13 | Treasurer of the Board shall execute a promissory note or | ||||||
| 14 | similar debt instrument to evidence the indebtedness incurred | ||||||
| 15 | by the borrowing. In connection with a borrowing, the Board may | ||||||
| 16 | establish a line of credit with a financial institution, | ||||||
| 17 | investment bank, or broker/dealer.
The obligation to make the | ||||||
| 18 | payments due under any promissory note or line of credit | ||||||
| 19 | established under this item (13) shall be a lawful obligation | ||||||
| 20 | of the University payable from the anticipated moneys. Any | ||||||
| 21 | borrowing under this item (13) shall not constitute a debt, | ||||||
| 22 | legal or moral, of the State and shall not be enforceable | ||||||
| 23 | against the State. The promissory note or line of credit shall | ||||||
| 24 | be authorized by a resolution passed by the Board and shall be | ||||||
| 25 | valid whether or not a budgeted item with respect to that | ||||||
| 26 | resolution is included in any annual or supplemental budget | ||||||
| |||||||
| |||||||
| 1 | adopted by the Board. The resolution shall set forth facts | ||||||
| 2 | demonstrating the need for the borrowing, state an amount that | ||||||
| 3 | the amount to be borrowed will not exceed, and establish a | ||||||
| 4 | maximum interest rate limit not to exceed the maximum rate | ||||||
| 5 | authorized by the Bond Authorization Act or 9%, whichever is | ||||||
| 6 | less. The resolution may direct the Comptroller or Treasurer of | ||||||
| 7 | the Board to make arrangements to set apart and hold the | ||||||
| 8 | portion of the anticipated moneys, as received, that shall be | ||||||
| 9 | used to repay the borrowing, subject to any prior pledges or | ||||||
| 10 | restrictions with respect to the anticipated moneys. The | ||||||
| 11 | resolution may also authorize the Treasurer of the Board to | ||||||
| 12 | make partial repayments of the borrowing as the anticipated | ||||||
| 13 | moneys become available and may contain any other terms, | ||||||
| 14 | restrictions, or limitations not inconsistent with the powers | ||||||
| 15 | of the Board. | ||||||
| 16 | For the purposes of this item (13), "financial institution" | ||||||
| 17 | means any bank subject to the Illinois Banking Act, any savings | ||||||
| 18 | and loan association subject to the Illinois Savings and Loan | ||||||
| 19 | Act of 1985, and any federally chartered commercial bank or | ||||||
| 20 | savings and loan association or government-sponsored | ||||||
| 21 | enterprise organized and operated in this State pursuant to the | ||||||
| 22 | laws of the United States. | ||||||
| 23 | (Source: P.A. 91-883, eff. 1-1-01.)
| ||||||
| 24 | Section 20. The Eastern Illinois University Law is amended | ||||||
| 25 | by changing Section 10-45 as follows:
| ||||||
| |||||||
| |||||||
| 1 | (110 ILCS 665/10-45)
| ||||||
| 2 | Sec. 10-45. Powers and duties.
| ||||||
| 3 | (a) The Board also shall have power and
it shall be its | ||||||
| 4 | duty:
| ||||||
| 5 | (1) To make rules, regulations and bylaws, not | ||||||
| 6 | inconsistent with
law, for the government and management of | ||||||
| 7 | Eastern Illinois University
and its branches.
| ||||||
| 8 | (2) To employ, and, for good cause, to remove a | ||||||
| 9 | President of Eastern
Illinois University, and all | ||||||
| 10 | necessary deans, professors, associate
professors, | ||||||
| 11 | assistant professors, instructors, other educational and
| ||||||
| 12 | administrative assistants, and all other necessary | ||||||
| 13 | employees, and to prescribe
their duties and contract with | ||||||
| 14 | them upon matters relating to tenure, salaries
and | ||||||
| 15 | retirement benefits in accordance with
the State | ||||||
| 16 | Universities Civil Service Act. Whenever the Board | ||||||
| 17 | establishes a
search committee to fill the position of | ||||||
| 18 | President of Eastern Illinois
University, there shall be | ||||||
| 19 | minority representation, including women, on that
search | ||||||
| 20 | committee. The Board shall, upon the written request
of an | ||||||
| 21 | employee of Eastern Illinois University, withhold from the | ||||||
| 22 | compensation
of that employee any dues, payments or | ||||||
| 23 | contributions payable by such employee
to any labor | ||||||
| 24 | organization as defined in the Illinois Educational Labor
| ||||||
| 25 | Relations
Act. Under such arrangement, an amount shall be | ||||||
| |||||||
| |||||||
| 1 | withheld from each regular
payroll period which is equal to | ||||||
| 2 | the pro rata share of the annual dues plus
any payments or | ||||||
| 3 | contributions, and the Board shall transmit such | ||||||
| 4 | withholdings
to the specified labor organization within 10 | ||||||
| 5 | working days from the time
of the withholding.
| ||||||
| 6 | (3) To prescribe the courses of study to be followed, | ||||||
| 7 | and textbooks
and apparatus to be used at Eastern Illinois | ||||||
| 8 | University.
| ||||||
| 9 | (4) To issue upon the recommendation of the faculty, | ||||||
| 10 | diplomas to such
persons as have satisfactorily completed | ||||||
| 11 | the required studies of
Eastern Illinois University, and | ||||||
| 12 | confer such professional and literary
degrees as are | ||||||
| 13 | usually conferred by other institutions of like character
| ||||||
| 14 | for similar or equivalent courses of study, or such as the | ||||||
| 15 | Board may
deem appropriate.
| ||||||
| 16 | (5) To examine into the conditions, management, and | ||||||
| 17 | administration of
Eastern Illinois University, to provide | ||||||
| 18 | the requisite buildings,
apparatus, equipment and | ||||||
| 19 | auxiliary enterprises, and to fix and collect
| ||||||
| 20 | matriculation fees; tuition fees; fees for student | ||||||
| 21 | activities; fees for
student facilities such as student | ||||||
| 22 | union buildings or field houses or
stadia or other | ||||||
| 23 | recreational facilities; student welfare fees;
laboratory | ||||||
| 24 | fees; and similar fees for supplies and materials.
The | ||||||
| 25 | expense of the building, improving, repairing and | ||||||
| 26 | supplying fuel and
furniture and the necessary appliances | ||||||
| |||||||
| |||||||
| 1 | and apparatus for conducting Eastern
Illinois
University, | ||||||
| 2 | the reimbursed expenses of members of the Board, and the
| ||||||
| 3 | salaries or compensation of the President, assistants, | ||||||
| 4 | agents and other
employees of Eastern Illinois University, | ||||||
| 5 | shall be a charge upon the State
Treasury. All
other | ||||||
| 6 | expenses shall be chargeable against students, and the | ||||||
| 7 | Board shall
regulate the charges accordingly.
| ||||||
| 8 | (6) To succeed to and to administer all trusts, trust | ||||||
| 9 | property, and
gifts now or hereafter belonging or | ||||||
| 10 | pertaining to Eastern Illinois
University.
| ||||||
| 11 | (7) To accept endowments of professorships or | ||||||
| 12 | departments in Eastern
Illinois University from any person | ||||||
| 13 | who may proffer them and, at regular
meetings, to prescribe | ||||||
| 14 | rules and regulations in relation to endowments
and declare | ||||||
| 15 | on what general principles they may be accepted.
| ||||||
| 16 | (8) To enter into contracts with the Federal government | ||||||
| 17 | for providing
courses of instruction and other services at | ||||||
| 18 | Eastern Illinois
University for persons serving in or with | ||||||
| 19 | the military or naval forces
of the United States, and to | ||||||
| 20 | provide such courses of instruction and
other services.
| ||||||
| 21 | (9) To contract with respect to the Cooperative | ||||||
| 22 | Computer Center to obtain
services related to electronic | ||||||
| 23 | data processing.
| ||||||
| 24 | (10) To provide for the receipt and expenditures of | ||||||
| 25 | Federal funds
paid to Eastern Illinois University by the | ||||||
| 26 | Federal government for
instruction and other services for | ||||||
| |||||||
| |||||||
| 1 | persons serving in or with the
military or naval forces of | ||||||
| 2 | the United States, and to provide for audits
of such funds.
| ||||||
| 3 | (11) To appoint, subject to the applicable civil | ||||||
| 4 | service law, persons
to be members of the Eastern Illinois | ||||||
| 5 | University Police Department.
Members of the Police | ||||||
| 6 | Department shall be conservators of the peace and
as such | ||||||
| 7 | have all powers possessed by policemen in cities, and | ||||||
| 8 | sheriffs,
including the power to make arrests on view or | ||||||
| 9 | warrants of violations of
State statutes, University rules | ||||||
| 10 | and regulations and city or county
ordinances, except that | ||||||
| 11 | they may exercise such powers only within
counties wherein | ||||||
| 12 | Eastern Illinois University and any of its branches or
| ||||||
| 13 | properties are located when such is required for the | ||||||
| 14 | protection of University
properties and interests, and its | ||||||
| 15 | students and personnel, and otherwise,
within such | ||||||
| 16 | counties, when requested by appropriate State
or local law | ||||||
| 17 | enforcement officials. However, such officers shall have | ||||||
| 18 | no
power to serve and execute civil processes.
| ||||||
| 19 | The Board must authorize to each member of the Eastern | ||||||
| 20 | Illinois University
Police
Department
and to any other | ||||||
| 21 | employee of Eastern Illinois University exercising the | ||||||
| 22 | powers
of a peace officer
a distinct badge
that, on its | ||||||
| 23 | face, (i) clearly states that the badge is authorized by | ||||||
| 24 | Eastern
Illinois
University and
(ii) contains a unique | ||||||
| 25 | identifying number.
No other badge shall be authorized by
| ||||||
| 26 | Eastern Illinois University.
| ||||||
| |||||||
| |||||||
| 1 | (12) To borrow money, as necessary, from time to time | ||||||
| 2 | in anticipation of receiving tuition, payments from the | ||||||
| 3 | State of Illinois, or other revenues or receipts of the | ||||||
| 4 | University, also known as anticipated moneys. The | ||||||
| 5 | borrowing limit shall be capped at 100% of the total amount | ||||||
| 6 | of payroll and other expense vouchers submitted and payable | ||||||
| 7 | to the University for fiscal year 2010 expenses, but unpaid | ||||||
| 8 | at the State Comptroller's office. Prior to borrowing any | ||||||
| 9 | funds, the University shall request from the Comptroller's | ||||||
| 10 | office a verification of the borrowing limit and shall | ||||||
| 11 | include the estimated date on which such borrowing shall | ||||||
| 12 | occur. The borrowing limit cap shall be verified by State | ||||||
| 13 | Comptroller's office not prior to 45 days before any | ||||||
| 14 | estimated date for executing any promissory note or line of | ||||||
| 15 | credit established under this item (12). The principal | ||||||
| 16 | amount borrowed under a promissory note or line of credit | ||||||
| 17 | shall not exceed 75% of the borrowing limit. Within 15 days | ||||||
| 18 | after borrowing funds under any promissory note or line of | ||||||
| 19 | credit established under this item (12), the University | ||||||
| 20 | shall submit to the Governor's Office of Management and | ||||||
| 21 | Budget, the Speaker of the House of Representatives, the | ||||||
| 22 | Minority Leader of the House of Representatives, the | ||||||
| 23 | President of the Senate, and Minority Leader of the Senate, | ||||||
| 24 | an Emergency Short Term Cash Management Plan. The Emergency | ||||||
| 25 | Short Term Cash Management Plan shall outline the amount | ||||||
| 26 | borrowed, the terms for repayment, the amount of | ||||||
| |||||||
| |||||||
| 1 | outstanding State vouchers as verified by the State | ||||||
| 2 | Comptroller's office, and the University's plan for | ||||||
| 3 | expenditure of any borrowed funds, including, but not | ||||||
| 4 | limited to, a detailed plan to meet payroll obligations to | ||||||
| 5 | include collective bargaining employees, civil service | ||||||
| 6 | employees, and academic, research, and health care | ||||||
| 7 | personnel. The establishment of any promissory note or line | ||||||
| 8 | of credit established under this item (12) must be | ||||||
| 9 | finalized within 90 days after the effective date of this | ||||||
| 10 | amendatory Act of the 96th General Assembly. The borrowed | ||||||
| 11 | moneys shall be applied to the purposes of paying salaries | ||||||
| 12 | and other expenses lawfully authorized in the University's | ||||||
| 13 | State appropriation and unpaid by the State Comptroller. | ||||||
| 14 | Any line of credit established under this item (12) shall | ||||||
| 15 | be paid in full one year after creation or within 10 days | ||||||
| 16 | after the date the University receives reimbursement from | ||||||
| 17 | the State for all submitted fiscal year 2010 vouchers, | ||||||
| 18 | whichever is earlier. Any promissory note established | ||||||
| 19 | under this item (12) shall be repaid within one year after | ||||||
| 20 | issuance of the note. The Chairman, Comptroller, or | ||||||
| 21 | Treasurer of the Board shall execute a promissory note or | ||||||
| 22 | similar debt instrument to evidence the indebtedness | ||||||
| 23 | incurred by the borrowing. In connection with a borrowing, | ||||||
| 24 | the Board may establish a line of credit with a financial | ||||||
| 25 | institution, investment bank, or broker/dealer.
The | ||||||
| 26 | obligation to make the payments due under any promissory | ||||||
| |||||||
| |||||||
| 1 | note or line of credit established under this item (12) | ||||||
| 2 | shall be a lawful obligation of the University payable from | ||||||
| 3 | the anticipated moneys. Any borrowing under this item (12) | ||||||
| 4 | shall not constitute a debt, legal or moral, of the State | ||||||
| 5 | and shall not be enforceable against the State. The | ||||||
| 6 | promissory note or line of credit shall be authorized by a | ||||||
| 7 | resolution passed by the Board and shall be valid whether | ||||||
| 8 | or not a budgeted item with respect to that resolution is | ||||||
| 9 | included in any annual or supplemental budget adopted by | ||||||
| 10 | the Board. The resolution shall set forth facts | ||||||
| 11 | demonstrating the need for the borrowing, state an amount | ||||||
| 12 | that the amount to be borrowed will not exceed, and | ||||||
| 13 | establish a maximum interest rate limit not to exceed the | ||||||
| 14 | maximum rate authorized by the Bond Authorization Act or | ||||||
| 15 | 9%, whichever is less. The resolution may direct the | ||||||
| 16 | Comptroller or Treasurer of the Board to make arrangements | ||||||
| 17 | to set apart and hold the portion of the anticipated | ||||||
| 18 | moneys, as received, that shall be used to repay the | ||||||
| 19 | borrowing, subject to any prior pledges or restrictions | ||||||
| 20 | with respect to the anticipated moneys. The resolution may | ||||||
| 21 | also authorize the Treasurer of the Board to make partial | ||||||
| 22 | repayments of the borrowing as the anticipated moneys | ||||||
| 23 | become available and may contain any other terms, | ||||||
| 24 | restrictions, or limitations not inconsistent with the | ||||||
| 25 | powers of the Board. | ||||||
| 26 | For the purposes of this item (12), "financial | ||||||
| |||||||
| |||||||
| 1 | institution" means any bank subject to the Illinois Banking | ||||||
| 2 | Act, any savings and loan association subject to the | ||||||
| 3 | Illinois Savings and Loan Act of 1985, and any federally | ||||||
| 4 | chartered commercial bank or savings and loan association | ||||||
| 5 | or government-sponsored enterprise organized and operated | ||||||
| 6 | in this State pursuant to the laws of the United States. | ||||||
| 7 | (b) The Board may, directly or in cooperation with other
| ||||||
| 8 | institutions
of higher education, acquire by purchase or lease | ||||||
| 9 | or otherwise, and construct,
enlarge, improve, equip, | ||||||
| 10 | complete, operate, control and manage research
and high | ||||||
| 11 | technology parks, together with the necessary lands, | ||||||
| 12 | buildings,
facilities, equipment, and personal property | ||||||
| 13 | therefor,
to encourage and facilitate (i) the location and | ||||||
| 14 | development of business
and industry in the State of Illinois, | ||||||
| 15 | and (ii) the increased application
and development of | ||||||
| 16 | technology, and (iii) the improvement and development of
the | ||||||
| 17 | State's economy. The Board may lease to nonprofit corporations
| ||||||
| 18 | all or any part
of the land, buildings, facilities, equipment | ||||||
| 19 | or other property included
in a research and high technology | ||||||
| 20 | park upon such terms and conditions
as the Board may deem | ||||||
| 21 | advisable and enter into any contract or
agreement with such | ||||||
| 22 | nonprofit corporations as may be necessary or suitable
for the | ||||||
| 23 | construction, financing, operation and maintenance and | ||||||
| 24 | management
of any such park; and may lease to any person, firm, | ||||||
| 25 | partnership or
corporation,
either public or private, any part | ||||||
| 26 | or all of the land, building, facilities,
equipment or other | ||||||
| |||||||
| |||||||
| 1 | property of such park for such purposes and upon such
rentals, | ||||||
| 2 | terms and conditions as the Board may deem advisable; and
may | ||||||
| 3 | finance all or part of the cost of any such park, including the | ||||||
| 4 | purchase,
lease, construction, reconstruction, improvement, | ||||||
| 5 | remodeling, addition to,
and extension and maintenance of all | ||||||
| 6 | or part of such high technology park,
and all equipment and | ||||||
| 7 | furnishings, by legislative appropriations, government
grants, | ||||||
| 8 | contracts, private gifts, loans, receipts from the operation of
| ||||||
| 9 | such high technology park, rentals and similar receipts; and | ||||||
| 10 | may make its
other facilities and services available to tenants | ||||||
| 11 | or other occupants of
any such park at rates which are | ||||||
| 12 | reasonable and appropriate.
| ||||||
| 13 | (c) The Board may sell the following described property | ||||||
| 14 | without compliance
with
the State Property Control Act and | ||||||
| 15 | retain the proceeds in the University
treasury in a
special, | ||||||
| 16 | separate development fund account that the Auditor General | ||||||
| 17 | shall
examine to
assure compliance with this Law:
| ||||||
| 18 | Lots 511 and 512 in Heritage Woods V, Charleston, Coles | ||||||
| 19 | County,
Illinois.
| ||||||
| 20 | Revenues from the development fund account may be withdrawn by | ||||||
| 21 | the University
for
the purpose of upgrading the on-campus | ||||||
| 22 | formal reception facility. Moneys from
the
development fund | ||||||
| 23 | account used for any other purpose must be deposited into and
| ||||||
| 24 | appropriated from the General Revenue Fund.
| ||||||
| 25 | (Source: P.A. 91-251, eff. 7-22-99; 91-883, eff. 1-1-01.)
| ||||||
| |||||||
| |||||||
| 1 | Section 25. The Governors State University Law is amended | ||||||
| 2 | by changing Section 15-45 as follows:
| ||||||
| 3 | (110 ILCS 670/15-45)
| ||||||
| 4 | Sec. 15-45. Powers and duties. The Board also shall have | ||||||
| 5 | power and
it shall be its duty:
| ||||||
| 6 | (1) To make rules, regulations and bylaws, not inconsistent | ||||||
| 7 | with
law, for the government and management of Governors State | ||||||
| 8 | University
and its branches;
| ||||||
| 9 | (2) To employ, and, for good cause, to remove a President | ||||||
| 10 | of Governors State
University, and all necessary deans, | ||||||
| 11 | professors, associate
professors, assistant professors, | ||||||
| 12 | instructors, other educational and
administrative assistants, | ||||||
| 13 | and all other necessary employees, and to prescribe
their | ||||||
| 14 | duties and contract with them upon matters relating to tenure, | ||||||
| 15 | salaries
and retirement benefits in accordance with
the State | ||||||
| 16 | Universities Civil Service Act. Whenever the Board establishes | ||||||
| 17 | a
search committee to fill the position of President of | ||||||
| 18 | Governors State
University, there shall be minority | ||||||
| 19 | representation, including women, on that
search committee. The | ||||||
| 20 | Board shall, upon the written request
of an employee of | ||||||
| 21 | Governors State University, withhold from the compensation
of | ||||||
| 22 | that employee any dues, payments or contributions payable by | ||||||
| 23 | such employee
to any labor organization as defined in the | ||||||
| 24 | Illinois Educational Labor
Relations
Act. Under such | ||||||
| 25 | arrangement, an amount shall be withheld from each regular
| ||||||
| |||||||
| |||||||
| 1 | payroll period which is equal to the pro rata share of the | ||||||
| 2 | annual dues plus
any payments or contributions, and the Board | ||||||
| 3 | shall transmit such withholdings
to the specified labor | ||||||
| 4 | organization within 10 working days from the time
of the | ||||||
| 5 | withholding;
| ||||||
| 6 | (3) To prescribe the courses of study to be followed, and | ||||||
| 7 | textbooks
and apparatus to be used at Governors State | ||||||
| 8 | University;
| ||||||
| 9 | (4) To issue upon the recommendation of the faculty, | ||||||
| 10 | diplomas to such
persons as have satisfactorily completed the | ||||||
| 11 | required studies of
Governors State University, and confer such | ||||||
| 12 | professional and literary
degrees as are usually conferred by | ||||||
| 13 | other institutions of like character
for similar or equivalent | ||||||
| 14 | courses of study, or such as the Board may
deem appropriate;
| ||||||
| 15 | (5) To examine into the conditions, management, and | ||||||
| 16 | administration of
Governors State University, to provide the | ||||||
| 17 | requisite buildings,
apparatus, equipment and auxiliary | ||||||
| 18 | enterprises, and to fix and collect
matriculation fees; tuition | ||||||
| 19 | fees; fees for student activities; fees for
student facilities | ||||||
| 20 | such as student union buildings or field houses or
stadia or | ||||||
| 21 | other recreational facilities; student welfare fees;
| ||||||
| 22 | laboratory fees; and similar fees for supplies and materials.
| ||||||
| 23 | The expense of the building, improving, repairing and supplying | ||||||
| 24 | fuel and
furniture and the necessary appliances and apparatus | ||||||
| 25 | for conducting Governors
State University, the reimbursed | ||||||
| 26 | expenses of members of the Board, and the
salaries or | ||||||
| |||||||
| |||||||
| 1 | compensation of the President, assistants, agents and other
| ||||||
| 2 | employees of Governors State University, shall be a charge upon | ||||||
| 3 | the State
Treasury. All
other expenses shall be chargeable | ||||||
| 4 | against students, and the Board shall
regulate the charges | ||||||
| 5 | accordingly;
| ||||||
| 6 | (6) To succeed to and to administer all trusts, trust | ||||||
| 7 | property, and
gifts now or hereafter belonging or pertaining to | ||||||
| 8 | Governors State
University;
| ||||||
| 9 | (7) To accept endowments of professorships or departments | ||||||
| 10 | in Governors State
University from any person who may proffer | ||||||
| 11 | them and, at regular
meetings, to prescribe rules and | ||||||
| 12 | regulations in relation to endowments
and declare on what | ||||||
| 13 | general principles they may be accepted;
| ||||||
| 14 | (8) To enter into contracts with the Federal government for | ||||||
| 15 | providing
courses of instruction and other services at | ||||||
| 16 | Governors State
University for persons serving in or with the | ||||||
| 17 | military or naval forces
of the United States, and to provide | ||||||
| 18 | such courses of instruction and
other services;
| ||||||
| 19 | (9) To operate, maintain, and contract with respect to the | ||||||
| 20 | Cooperative
Computer Center for its own purposes and to provide | ||||||
| 21 | services related to
electronic data processing to other public | ||||||
| 22 | and private colleges and
universities, to governmental | ||||||
| 23 | agencies, and to public or private not-for-profit
agencies; and | ||||||
| 24 | to examine
the conditions, management, and administration of | ||||||
| 25 | the Cooperative Computer
Center;
| ||||||
| 26 | (10) To provide for the receipt and expenditures of Federal | ||||||
| |||||||
| |||||||
| 1 | funds
paid to Governors State University by the Federal | ||||||
| 2 | government for
instruction and other services for persons | ||||||
| 3 | serving in or with the
military or naval forces of the United | ||||||
| 4 | States, and to provide for audits
of such funds;
| ||||||
| 5 | (11) To appoint, subject to the applicable civil service | ||||||
| 6 | law, persons
to be members of the Governors State University | ||||||
| 7 | Police Department.
Members of the Police Department shall be | ||||||
| 8 | conservators of the peace and
as such have all powers possessed | ||||||
| 9 | by policemen in cities, and sheriffs,
including the power to | ||||||
| 10 | make arrests on view or warrants of violations of
State | ||||||
| 11 | statutes, University rules and regulations and city or county
| ||||||
| 12 | ordinances, except that they may exercise such powers only | ||||||
| 13 | within
counties wherein Governors State University and any of | ||||||
| 14 | its branches or
properties are located when such is required | ||||||
| 15 | for the protection of University
properties and interests, and | ||||||
| 16 | its students and personnel, and otherwise,
within such | ||||||
| 17 | counties, when requested by appropriate State
or local law | ||||||
| 18 | enforcement officials. However, such officers shall have no
| ||||||
| 19 | power to serve and execute civil processes.
| ||||||
| 20 | The Board must authorize to each member of the Governors | ||||||
| 21 | State University
Police
Department
and to any other employee of | ||||||
| 22 | Governors State University exercising the powers
of a peace | ||||||
| 23 | officer
a distinct badge
that, on its face, (i) clearly states | ||||||
| 24 | that the badge is authorized by Governors
State
University and
| ||||||
| 25 | (ii) contains a unique identifying number.
No other badge shall | ||||||
| 26 | be authorized by
Governors State University;
| ||||||
| |||||||
| |||||||
| 1 | (12) The Board may, directly or in cooperation with other | ||||||
| 2 | institutions
of higher education, acquire by purchase or lease | ||||||
| 3 | or otherwise, and construct,
enlarge, improve, equip, | ||||||
| 4 | complete, operate, control and manage research
and high | ||||||
| 5 | technology parks, together with the necessary lands, | ||||||
| 6 | buildings,
facilities, equipment, and personal property | ||||||
| 7 | therefor,
to encourage and facilitate (i) the location and | ||||||
| 8 | development of business
and industry in the State of Illinois, | ||||||
| 9 | and (ii) the increased application
and development of | ||||||
| 10 | technology, and (iii) the improvement and development of
the | ||||||
| 11 | State's economy. The Board may lease to nonprofit corporations
| ||||||
| 12 | all or any part
of the land, buildings, facilities, equipment | ||||||
| 13 | or other property included
in a research and high technology | ||||||
| 14 | park upon such terms and conditions
as the Board may deem | ||||||
| 15 | advisable and enter into any contract or
agreement with such | ||||||
| 16 | nonprofit corporations as may be necessary or suitable
for the | ||||||
| 17 | construction, financing, operation and maintenance and | ||||||
| 18 | management
of any such park; and may lease to any person, firm, | ||||||
| 19 | partnership or
corporation,
either public or private, any part | ||||||
| 20 | or all of the land, building, facilities,
equipment or other | ||||||
| 21 | property of such park for such purposes and upon such
rentals, | ||||||
| 22 | terms and conditions as the Board may deem advisable; and
may | ||||||
| 23 | finance all or part of the cost of any such park, including the | ||||||
| 24 | purchase,
lease, construction, reconstruction, improvement, | ||||||
| 25 | remodeling, addition to,
and extension and maintenance of all | ||||||
| 26 | or part of such high technology park,
and all equipment and | ||||||
| |||||||
| |||||||
| 1 | furnishings, by legislative appropriations, government
grants, | ||||||
| 2 | contracts, private gifts, loans, receipts from the operation of
| ||||||
| 3 | such high technology park, rentals and similar receipts; and | ||||||
| 4 | may make its
other facilities and services available to tenants | ||||||
| 5 | or other occupants of
any such park at rates which are | ||||||
| 6 | reasonable and appropriate; .
| ||||||
| 7 | (13) To borrow money, as necessary, from time to time in | ||||||
| 8 | anticipation of receiving tuition, payments from the State of | ||||||
| 9 | Illinois, or other revenues or receipts of the University, also | ||||||
| 10 | known as anticipated moneys. The borrowing limit shall be | ||||||
| 11 | capped at 100% of the total amount of payroll and other expense | ||||||
| 12 | vouchers submitted and payable to the University for fiscal | ||||||
| 13 | year 2010 expenses, but unpaid at the State Comptroller's | ||||||
| 14 | office. Prior to borrowing any funds, the University shall | ||||||
| 15 | request from the Comptroller's office a verification of the | ||||||
| 16 | borrowing limit and shall include the estimated date on which | ||||||
| 17 | such borrowing shall occur. The borrowing limit cap shall be | ||||||
| 18 | verified by State Comptroller's office not prior to 45 days | ||||||
| 19 | before any estimated date for executing any promissory note or | ||||||
| 20 | line of credit established under this item (13). The principal | ||||||
| 21 | amount borrowed under a promissory note or line of credit shall | ||||||
| 22 | not exceed 75% of the borrowing limit. Within 15 days after | ||||||
| 23 | borrowing funds under any promissory note or line of credit | ||||||
| 24 | established under this item (13), the University shall submit | ||||||
| 25 | to the Governor's Office of Management and Budget, the Speaker | ||||||
| 26 | of the House of Representatives, the Minority Leader of the | ||||||
| |||||||
| |||||||
| 1 | House of Representatives, the President of the Senate, and | ||||||
| 2 | Minority Leader of the Senate, an Emergency Short Term Cash | ||||||
| 3 | Management Plan. The Emergency Short Term Cash Management Plan | ||||||
| 4 | shall outline the amount borrowed, the terms for repayment, the | ||||||
| 5 | amount of outstanding State vouchers as verified by the State | ||||||
| 6 | Comptroller's office, and the University's plan for | ||||||
| 7 | expenditure of any borrowed funds, including, but not limited | ||||||
| 8 | to, a detailed plan to meet payroll obligations for all | ||||||
| 9 | collective bargaining employees, civil service employees, and | ||||||
| 10 | academic, research, and health care personnel. The | ||||||
| 11 | establishment of any promissory note or line of credit | ||||||
| 12 | established under this item (13) must be finalized within 90 | ||||||
| 13 | days after the effective date of this amendatory Act of the | ||||||
| 14 | 96th General Assembly. The borrowed moneys shall be applied to | ||||||
| 15 | the purposes of paying salaries and other expenses lawfully | ||||||
| 16 | authorized in the University's State appropriation and unpaid | ||||||
| 17 | by the State Comptroller. Any line of credit established under | ||||||
| 18 | this item (13) shall be paid in full one year after creation or | ||||||
| 19 | on such date as the University receives reimbursement from the | ||||||
| 20 | State for all submitted fiscal year 2010 vouchers, whichever is | ||||||
| 21 | earlier. Any promissory note established under this item (13) | ||||||
| 22 | shall be repaid within one year after issuance of the note. The | ||||||
| 23 | Chairman, Comptroller, or Treasurer of the Board shall execute | ||||||
| 24 | a promissory note or similar debt instrument to evidence the | ||||||
| 25 | indebtedness incurred by the borrowing. In connection with a | ||||||
| 26 | borrowing, the Board may establish a line of credit with a | ||||||
| |||||||
| |||||||
| 1 | financial institution, investment bank, or broker/dealer.
The | ||||||
| 2 | obligation to make the payments due under any promissory note | ||||||
| 3 | or line of credit established under this item (13) shall be a | ||||||
| 4 | lawful obligation of the University payable from the | ||||||
| 5 | anticipated moneys. Any borrowing under this item (13) shall | ||||||
| 6 | not constitute a debt, legal or moral, of the State and shall | ||||||
| 7 | not be enforceable against the State. The line of credit shall | ||||||
| 8 | be authorized by a resolution passed by the Board and shall be | ||||||
| 9 | valid whether or not a budgeted item with respect to that | ||||||
| 10 | resolution is included in any annual or supplemental budget | ||||||
| 11 | adopted by the Board. The resolution shall set forth facts | ||||||
| 12 | demonstrating the need for the borrowing, state an amount that | ||||||
| 13 | the amount to be borrowed will not exceed, and establish a | ||||||
| 14 | maximum interest rate limit not to exceed the maximum rate | ||||||
| 15 | authorized by the Bond Authorization Act or 9%, whichever is | ||||||
| 16 | less. The resolution may direct the Comptroller or Treasurer of | ||||||
| 17 | the Board to make arrangements to set apart and hold the | ||||||
| 18 | portion of the anticipated moneys, as received, that shall be | ||||||
| 19 | used to repay the borrowing, subject to any prior pledges or | ||||||
| 20 | restrictions with respect to the anticipated moneys. The | ||||||
| 21 | resolution may also authorize the Treasurer of the Board to | ||||||
| 22 | make partial repayments of the borrowing as the anticipated | ||||||
| 23 | moneys become available and may contain any other terms, | ||||||
| 24 | restrictions, or limitations not inconsistent with the powers | ||||||
| 25 | of the Board. | ||||||
| 26 | For the purposes of this item (13), "financial institution" | ||||||
| |||||||
| |||||||
| 1 | means any bank subject to the Illinois Banking Act, any savings | ||||||
| 2 | and loan association subject to the Illinois Savings and Loan | ||||||
| 3 | Act of 1985, and any federally chartered commercial bank or | ||||||
| 4 | savings and loan association or government-sponsored | ||||||
| 5 | enterprise organized and operated in this State pursuant to the | ||||||
| 6 | laws of the United States. | ||||||
| 7 | (Source: P.A. 91-883, eff. 1-1-01.)
| ||||||
| 8 | Section 30. The Illinois State University Law is amended by | ||||||
| 9 | changing Section 20-45 as follows:
| ||||||
| 10 | (110 ILCS 675/20-45)
| ||||||
| 11 | Sec. 20-45. Powers and duties. The Board also shall have | ||||||
| 12 | power and
it shall be its duty:
| ||||||
| 13 | (1) To make rules, regulations and bylaws, not inconsistent | ||||||
| 14 | with
law, for the government and management of Illinois State | ||||||
| 15 | University
and its branches;
| ||||||
| 16 | (2) To employ, and, for good cause, to remove a President | ||||||
| 17 | of Illinois State
University, and all necessary deans, | ||||||
| 18 | professors, associate
professors, assistant professors, | ||||||
| 19 | instructors, other educational and
administrative assistants, | ||||||
| 20 | and all other necessary employees, and to prescribe
their | ||||||
| 21 | duties and contract with them upon matters relating to tenure, | ||||||
| 22 | salaries
and retirement benefits in accordance with
the State | ||||||
| 23 | Universities Civil Service Act. Whenever the Board establishes | ||||||
| 24 | a
search committee to fill the position of President of | ||||||
| |||||||
| |||||||
| 1 | Illinois State
University, there shall be minority | ||||||
| 2 | representation, including women, on that
search committee. The | ||||||
| 3 | Board shall, upon the written request
of an employee of | ||||||
| 4 | Illinois State University, withhold from the compensation
of | ||||||
| 5 | that employee any dues, payments or contributions payable by | ||||||
| 6 | such employee
to any labor organization as defined in the | ||||||
| 7 | Illinois Educational Labor
Relations
Act. Under such | ||||||
| 8 | arrangement, an amount shall be withheld from each regular
| ||||||
| 9 | payroll period which is equal to the pro rata share of the | ||||||
| 10 | annual dues plus
any payments or contributions, and the Board | ||||||
| 11 | shall transmit such withholdings
to the specified labor | ||||||
| 12 | organization within 10 working days from the time
of the | ||||||
| 13 | withholding;
| ||||||
| 14 | (3) To prescribe the courses of study to be followed, and | ||||||
| 15 | textbooks
and apparatus to be used at Illinois State | ||||||
| 16 | University;
| ||||||
| 17 | (4) To issue upon the recommendation of the faculty, | ||||||
| 18 | diplomas to such
persons as have satisfactorily completed the | ||||||
| 19 | required studies of
Illinois State University, and confer such | ||||||
| 20 | professional and literary
degrees as are usually conferred by | ||||||
| 21 | other institutions of like character
for similar or equivalent | ||||||
| 22 | courses of study, or such as the Board may
deem appropriate;
| ||||||
| 23 | (5) To examine into the conditions, management, and | ||||||
| 24 | administration of
Illinois State University, to provide the | ||||||
| 25 | requisite buildings,
apparatus, equipment and auxiliary | ||||||
| 26 | enterprises, and to fix and collect
matriculation fees; tuition | ||||||
| |||||||
| |||||||
| 1 | fees; fees for student activities; fees for
student facilities | ||||||
| 2 | such as student union buildings or field houses or
stadia or | ||||||
| 3 | other recreational facilities; student welfare fees;
| ||||||
| 4 | laboratory fees; and similar fees for supplies and materials.
| ||||||
| 5 | The expense of the building, improving, repairing and supplying | ||||||
| 6 | fuel and
furniture and the necessary appliances and apparatus | ||||||
| 7 | for conducting Illinois
State University, the reimbursed | ||||||
| 8 | expenses of members of the Board, and the
salaries or | ||||||
| 9 | compensation of the President, assistants, agents and other
| ||||||
| 10 | employees of Illinois State University, shall be a charge upon | ||||||
| 11 | the State
Treasury. All
other expenses shall be chargeable | ||||||
| 12 | against students, and the Board shall
regulate the charges | ||||||
| 13 | accordingly;
| ||||||
| 14 | (6) To succeed to and to administer all trusts, trust | ||||||
| 15 | property, and
gifts now or hereafter belonging or pertaining to | ||||||
| 16 | Illinois State
University;
| ||||||
| 17 | (7) To accept endowments of professorships or departments | ||||||
| 18 | in Illinois State
University from any person who may proffer | ||||||
| 19 | them and, at regular
meetings, to prescribe rules and | ||||||
| 20 | regulations in relation to endowments
and declare on what | ||||||
| 21 | general principles they may be accepted;
| ||||||
| 22 | (8) To enter into contracts with the Federal government for | ||||||
| 23 | providing
courses of instruction and other services at Illinois | ||||||
| 24 | State
University for persons serving in or with the military or | ||||||
| 25 | naval forces
of the United States, and to provide such courses | ||||||
| 26 | of instruction and
other services;
| ||||||
| |||||||
| |||||||
| 1 | (9) To contract with respect to the Cooperative Computer | ||||||
| 2 | Center to obtain
services related to electronic data | ||||||
| 3 | processing;
| ||||||
| 4 | (10) To provide for the receipt and expenditures of Federal | ||||||
| 5 | funds
paid to Illinois State University by the Federal | ||||||
| 6 | government for
instruction and other services for persons | ||||||
| 7 | serving in or with the
military or naval forces of the United | ||||||
| 8 | States, and to provide for audits
of such funds;
| ||||||
| 9 | (11) To appoint, subject to the applicable civil service | ||||||
| 10 | law, persons
to be members of the Illinois State University | ||||||
| 11 | Police Department.
Members of the Police Department shall be | ||||||
| 12 | conservators of the peace and
as such have all powers possessed | ||||||
| 13 | by policemen in cities, and sheriffs,
including the power to | ||||||
| 14 | make arrests on view or warrants of violations of
State | ||||||
| 15 | statutes, University rules and regulations and city or county
| ||||||
| 16 | ordinances, except that they may exercise such powers only | ||||||
| 17 | within
counties wherein Illinois State University and any of | ||||||
| 18 | its branches or
properties are located when such is required | ||||||
| 19 | for the protection of University
properties and interests, and | ||||||
| 20 | its students and personnel, and otherwise,
within such | ||||||
| 21 | counties, when requested by appropriate State
or local law | ||||||
| 22 | enforcement officials. However, such officers shall have no
| ||||||
| 23 | power to serve and execute civil processes.
| ||||||
| 24 | The Board must authorize to each member of the Illinois | ||||||
| 25 | State University
Police
Department
and to any other employee of | ||||||
| 26 | Illinois State University exercising the powers
of a peace | ||||||
| |||||||
| |||||||
| 1 | officer
a distinct badge
that, on its face, (i) clearly states | ||||||
| 2 | that the badge is authorized by Illinois
State
University and | ||||||
| 3 | (ii)
contains a unique identifying number.
No other badge shall | ||||||
| 4 | be authorized by
Illinois State University;
| ||||||
| 5 | (12) The Board may, directly or in cooperation with other | ||||||
| 6 | institutions
of higher education, acquire by purchase or lease | ||||||
| 7 | or otherwise, and construct,
enlarge, improve, equip, | ||||||
| 8 | complete, operate, control and manage research
and high | ||||||
| 9 | technology parks, together with the necessary lands, | ||||||
| 10 | buildings,
facilities, equipment, and personal property | ||||||
| 11 | therefor,
to encourage and facilitate (i) the location and | ||||||
| 12 | development of business
and industry in the State of Illinois, | ||||||
| 13 | and (ii) the increased application
and development of | ||||||
| 14 | technology, and (iii) the improvement and development of
the | ||||||
| 15 | State's economy. The Board may lease to nonprofit corporations
| ||||||
| 16 | all or any part
of the land, buildings, facilities, equipment | ||||||
| 17 | or other property included
in a research and high technology | ||||||
| 18 | park upon such terms and conditions
as the Board may deem | ||||||
| 19 | advisable and enter into any contract or
agreement with such | ||||||
| 20 | nonprofit corporations as may be necessary or suitable
for the | ||||||
| 21 | construction, financing, operation and maintenance and | ||||||
| 22 | management
of any such park; and may lease to any person, firm, | ||||||
| 23 | partnership or
corporation, either public or private, any part | ||||||
| 24 | or all of the land, building,
facilities,
equipment or other | ||||||
| 25 | property of such park for such purposes and upon such
rentals, | ||||||
| 26 | terms and conditions as the Board may deem advisable; and
may | ||||||
| |||||||
| |||||||
| 1 | finance all or part of the cost of any such park, including the | ||||||
| 2 | purchase,
lease, construction, reconstruction, improvement, | ||||||
| 3 | remodeling, addition to,
and extension and maintenance of all | ||||||
| 4 | or part of such high technology park,
and all equipment and | ||||||
| 5 | furnishings, by legislative appropriations, government
grants, | ||||||
| 6 | contracts, private gifts, loans, receipts from the operation of
| ||||||
| 7 | such high technology park, rentals and similar receipts; and | ||||||
| 8 | may make its
other facilities and services available to tenants | ||||||
| 9 | or other occupants of
any such park at rates which are | ||||||
| 10 | reasonable and appropriate;
| ||||||
| 11 | (13) To assist in the provision of lands, buildings, and | ||||||
| 12 | facilities that
are supportive of university purposes and | ||||||
| 13 | suitable and appropriate for the
conduct and operation of the | ||||||
| 14 | university's education programs, the
Board of Trustees of | ||||||
| 15 | Illinois State University may exercise the
powers specified in | ||||||
| 16 | subparagraphs (a), (b), and (c) of this paragraph (13) with
| ||||||
| 17 | regard to the following described property located near the
| ||||||
| 18 | Normal, Illinois campus of Illinois State University:
| ||||||
| 19 | Parcel 1: Approximately 300 acres that form a part of the | ||||||
| 20 | Illinois State
University Farm in Section 20, Township 24 | ||||||
| 21 | North, Range 2 East of the Third
Principal Meridian in | ||||||
| 22 | McLean County, Illinois.
| ||||||
| 23 | Parcels 2 and 3: Lands located in the Northeast Quadrant of | ||||||
| 24 | the City of
Normal in McLean County, Illinois, one such | ||||||
| 25 | parcel consisting of approximately
150 acres located north | ||||||
| 26 | and east of the old Illinois Soldiers and Sailors
| ||||||
| |||||||
| |||||||
| 1 | Children's School campus, and another such parcel, located | ||||||
| 2 | in the Northeast
Quadrant of the old Soldiers and Sailors | ||||||
| 3 | Children's School Campus, consisting
of approximately | ||||||
| 4 | 1.03.
| ||||||
| 5 | (a) The Board of Trustees may sell, lease, or otherwise | ||||||
| 6 | transfer and
convey
all or part of the above described | ||||||
| 7 | parcels of real estate, together with the
improvements | ||||||
| 8 | situated thereon, to a bona fide purchaser for value, | ||||||
| 9 | without
compliance with the State Property Control Act and | ||||||
| 10 | on such terms as the Board
of Trustees shall determine are | ||||||
| 11 | in the best interests of Illinois State
University and | ||||||
| 12 | consistent with its objects and purposes.
| ||||||
| 13 | (b) The Board of Trustees may retain the proceeds from | ||||||
| 14 | the sale, lease, or
other transfer of all or any part of | ||||||
| 15 | the above described parcels of real estate
in the | ||||||
| 16 | University treasury, in a special, separate development | ||||||
| 17 | fund account
that the Auditor General shall examine to | ||||||
| 18 | assure the use or deposit of those
proceeds in a manner | ||||||
| 19 | consistent with the provisions of subparagraph (c) of this
| ||||||
| 20 | paragraph (13).
| ||||||
| 21 | (c) Moneys from the development fund account may be | ||||||
| 22 | used by the Board of
Trustees of Illinois State University | ||||||
| 23 | to acquire and develop other land to
achieve the same | ||||||
| 24 | purposes for which the parcels of real estate described in
| ||||||
| 25 | this item (13), all or a part of which have been sold, | ||||||
| 26 | leased, or otherwise
transferred and conveyed, were used | ||||||
| |||||||
| |||||||
| 1 | and for the purpose of demolition and the
processes | ||||||
| 2 | associated with demolition on the acquired land. Moneys | ||||||
| 3 | from the
development fund account used for any other | ||||||
| 4 | purpose must be deposited into and
appropriated from the
| ||||||
| 5 | General Revenue Fund. Buildings or facilities leased to an | ||||||
| 6 | entity or person
other than the University shall not be | ||||||
| 7 | subject to any limitations applicable to
a State-supported | ||||||
| 8 | college or university under any law. All development on the
| ||||||
| 9 | land and all the use of any buildings or facilities shall | ||||||
| 10 | be subject to the
control and approval of the Board of | ||||||
| 11 | Trustees of Illinois State University; .
| ||||||
| 12 | (14) To borrow money, as necessary, from time to time in | ||||||
| 13 | anticipation of receiving tuition, payments from the State of | ||||||
| 14 | Illinois, or other revenues or receipts of the University, also | ||||||
| 15 | known as anticipated moneys. The borrowing limit shall be | ||||||
| 16 | capped at 100% of the total amount of payroll and other expense | ||||||
| 17 | vouchers submitted and payable to the University for fiscal | ||||||
| 18 | year 2010 expenses, but unpaid at the State Comptroller's | ||||||
| 19 | office. Prior to borrowing any funds, the University shall | ||||||
| 20 | request from the Comptroller's office a verification of the | ||||||
| 21 | borrowing limit and shall include the estimated date on which | ||||||
| 22 | such borrowing shall occur. The borrowing limit cap shall be | ||||||
| 23 | verified by State Comptroller's office not prior to 45 days | ||||||
| 24 | before any estimated date for executing any promissory note or | ||||||
| 25 | line of credit established under this item (14). The principal | ||||||
| 26 | amount borrowed under a promissory note or line of credit shall | ||||||
| |||||||
| |||||||
| 1 | not exceed 75% of the borrowing limit. Within 15 days after | ||||||
| 2 | borrowing funds under any promissory note or line of credit | ||||||
| 3 | established under this item (14), the University shall submit | ||||||
| 4 | to the Governor's Office of Management and Budget, the Speaker | ||||||
| 5 | of the House of Representatives, the Minority Leader of the | ||||||
| 6 | House of Representatives, the President of the Senate, and | ||||||
| 7 | Minority Leader of the Senate, an Emergency Short Term Cash | ||||||
| 8 | Management Plan. The Emergency Short Term Cash Management Plan | ||||||
| 9 | shall outline the amount borrowed, the terms for repayment, the | ||||||
| 10 | amount of outstanding State vouchers as verified by the State | ||||||
| 11 | Comptroller's office, and the University's plan for | ||||||
| 12 | expenditure of any borrowed funds, including, but not limited | ||||||
| 13 | to, a detailed plan to meet payroll obligations to include | ||||||
| 14 | collective bargaining employees, civil service employees, and | ||||||
| 15 | academic, research, and health care personnel. The | ||||||
| 16 | establishment of any promissory note or line of credit | ||||||
| 17 | established under this item (14) must be finalized within 90 | ||||||
| 18 | days after the effective date of this amendatory Act of the | ||||||
| 19 | 96th General Assembly. The borrowed moneys shall be applied to | ||||||
| 20 | the purposes of paying salaries and other expenses lawfully | ||||||
| 21 | authorized in the University's State appropriation and unpaid | ||||||
| 22 | by the State Comptroller. Any line of credit established under | ||||||
| 23 | this item (14) shall be paid in full one year after creation or | ||||||
| 24 | within 10 days after the date the University receives | ||||||
| 25 | reimbursement from the State for all submitted fiscal year 2010 | ||||||
| 26 | vouchers, whichever is earlier. Any promissory note | ||||||
| |||||||
| |||||||
| 1 | established under this item (14) shall be repaid within one | ||||||
| 2 | year after issuance of the note. The Chairman, Comptroller, or | ||||||
| 3 | Treasurer of the Board shall execute a promissory note or | ||||||
| 4 | similar debt instrument to evidence the indebtedness incurred | ||||||
| 5 | by the borrowing. In connection with a borrowing, the Board may | ||||||
| 6 | establish a line of credit with a financial institution, | ||||||
| 7 | investment bank, or broker/dealer.
The obligation to make the | ||||||
| 8 | payments due under any promissory note or line of credit | ||||||
| 9 | established under this item (14) shall be a lawful obligation | ||||||
| 10 | of the University payable from the anticipated moneys. Any | ||||||
| 11 | borrowing under this item (14) shall not constitute a debt, | ||||||
| 12 | legal or moral, of the State and shall not be enforceable | ||||||
| 13 | against the State. The promissory note or line of credit shall | ||||||
| 14 | be authorized by a resolution passed by the Board and shall be | ||||||
| 15 | valid whether or not a budgeted item with respect to that | ||||||
| 16 | resolution is included in any annual or supplemental budget | ||||||
| 17 | adopted by the Board. The resolution shall set forth facts | ||||||
| 18 | demonstrating the need for the borrowing, state an amount that | ||||||
| 19 | the amount to be borrowed will not exceed, and establish a | ||||||
| 20 | maximum interest rate limit not to exceed the maximum rate | ||||||
| 21 | authorized by the Bond Authorization Act or 9%, whichever is | ||||||
| 22 | less. The resolution may direct the Comptroller or Treasurer of | ||||||
| 23 | the Board to make arrangements to set apart and hold the | ||||||
| 24 | portion of the anticipated moneys, as received, that shall be | ||||||
| 25 | used to repay the borrowing, subject to any prior pledges or | ||||||
| 26 | restrictions with respect to the anticipated moneys. The | ||||||
| |||||||
| |||||||
| 1 | resolution may also authorize the Treasurer of the Board to | ||||||
| 2 | make partial repayments of the borrowing as the anticipated | ||||||
| 3 | moneys become available and may contain any other terms, | ||||||
| 4 | restrictions, or limitations not inconsistent with the powers | ||||||
| 5 | of the Board. | ||||||
| 6 | For the purposes of this item (14), "financial institution" | ||||||
| 7 | means any bank subject to the Illinois Banking Act, any savings | ||||||
| 8 | and loan association subject to the Illinois Savings and Loan | ||||||
| 9 | Act of 1985, and any federally chartered commercial bank or | ||||||
| 10 | savings and loan association or government-sponsored | ||||||
| 11 | enterprise organized and operated in this State pursuant to the | ||||||
| 12 | laws of the United States. | ||||||
| 13 | (Source: P.A. 91-396, eff. 7-30-99; 91-883, eff. 1-1-01.)
| ||||||
| 14 | Section 33. The Northeastern Illinois University Law is | ||||||
| 15 | amended by changing Section 25-45 as follows:
| ||||||
| 16 | (110 ILCS 680/25-45)
| ||||||
| 17 | Sec. 25-45. Powers and duties. The Board also shall have | ||||||
| 18 | power and
it shall be its duty:
| ||||||
| 19 | (1) To make rules, regulations and bylaws, not inconsistent | ||||||
| 20 | with
law, for the government and management of Northeastern | ||||||
| 21 | Illinois University
and its branches;
| ||||||
| 22 | (2) To employ, and, for good cause, to remove a President | ||||||
| 23 | of Northeastern
Illinois
University, and all necessary deans, | ||||||
| 24 | professors, associate
professors, assistant professors, | ||||||
| |||||||
| |||||||
| 1 | instructors, other educational and
administrative assistants, | ||||||
| 2 | and all other necessary employees, and to prescribe
their | ||||||
| 3 | duties and contract with them upon matters relating to tenure, | ||||||
| 4 | salaries
and retirement benefits in accordance with
the State | ||||||
| 5 | Universities Civil Service Act. Whenever the Board establishes | ||||||
| 6 | a
search committee to fill the position of President of | ||||||
| 7 | Northeastern Illinois
University, there shall be minority | ||||||
| 8 | representation, including women, on that
search committee. The | ||||||
| 9 | Board shall, upon the written request
of an employee of | ||||||
| 10 | Northeastern Illinois University, withhold from the
| ||||||
| 11 | compensation
of that employee any dues, payments or | ||||||
| 12 | contributions payable by such employee
to any labor | ||||||
| 13 | organization as defined in the Illinois Educational Labor
| ||||||
| 14 | Relations
Act. Under such arrangement, an amount shall be | ||||||
| 15 | withheld from each regular
payroll period which is equal to the | ||||||
| 16 | pro rata share of the annual dues plus
any payments or | ||||||
| 17 | contributions, and the Board shall transmit such withholdings
| ||||||
| 18 | to the specified labor organization within 10 working days from | ||||||
| 19 | the time
of the withholding;
| ||||||
| 20 | (3) To prescribe the courses of study to be followed, and | ||||||
| 21 | textbooks
and apparatus to be used at Northeastern Illinois | ||||||
| 22 | University;
| ||||||
| 23 | (4) To issue upon the recommendation of the faculty, | ||||||
| 24 | diplomas to such
persons as have satisfactorily completed the | ||||||
| 25 | required studies of
Northeastern Illinois University, and | ||||||
| 26 | confer such professional and literary
degrees as are usually | ||||||
| |||||||
| |||||||
| 1 | conferred by other institutions of like character
for similar | ||||||
| 2 | or equivalent courses of study, or such as the Board may
deem | ||||||
| 3 | appropriate;
| ||||||
| 4 | (5) To examine into the conditions, management, and | ||||||
| 5 | administration of
Northeastern Illinois University, to provide | ||||||
| 6 | the requisite buildings,
apparatus, equipment and auxiliary | ||||||
| 7 | enterprises, and to fix and collect
matriculation fees; tuition | ||||||
| 8 | fees; fees for student activities; fees for
student facilities | ||||||
| 9 | such as student union buildings or field houses or
stadia or | ||||||
| 10 | other recreational facilities; student welfare fees;
| ||||||
| 11 | laboratory fees; and similar fees for supplies and materials.
| ||||||
| 12 | The expense of the building, improving, repairing and supplying | ||||||
| 13 | fuel and
furniture and the necessary appliances and apparatus | ||||||
| 14 | for conducting Northeastern Illinois
University, the | ||||||
| 15 | reimbursed expenses of members of the Board, and the
salaries | ||||||
| 16 | or compensation of the President, assistants, agents and other
| ||||||
| 17 | employees of Northeastern Illinois University, shall be a | ||||||
| 18 | charge upon the State
Treasury. All
other expenses shall be | ||||||
| 19 | chargeable against students, and the Board shall
regulate the | ||||||
| 20 | charges accordingly;
| ||||||
| 21 | (6) To succeed to and to administer all trusts, trust | ||||||
| 22 | property, and
gifts now or hereafter belonging or pertaining to | ||||||
| 23 | Northeastern Illinois
University;
| ||||||
| 24 | (7) To accept endowments of professorships or departments | ||||||
| 25 | in Northeastern Illinois
University from any person who may | ||||||
| 26 | proffer them and, at regular
meetings, to prescribe rules and | ||||||
| |||||||
| |||||||
| 1 | regulations in relation to endowments
and declare on what | ||||||
| 2 | general principles they may be accepted;
| ||||||
| 3 | (8) To enter into contracts with the Federal government for | ||||||
| 4 | providing
courses of instruction and other services at | ||||||
| 5 | Northeastern Illinois
University for persons serving in or with | ||||||
| 6 | the military or naval forces
of the United States, and to | ||||||
| 7 | provide such courses of instruction and
other services;
| ||||||
| 8 | (9) To contract with respect to the Cooperative Computer | ||||||
| 9 | Center to obtain
services related to electronic data | ||||||
| 10 | processing;
| ||||||
| 11 | (10) To provide for the receipt and expenditures of Federal | ||||||
| 12 | funds
paid to Northeastern Illinois University by the Federal | ||||||
| 13 | government for
instruction and other services for persons | ||||||
| 14 | serving in or with the
military or naval forces of the United | ||||||
| 15 | States, and to provide for audits
of such funds;
| ||||||
| 16 | (11) To appoint, subject to the applicable civil service | ||||||
| 17 | law, persons
to be members of the Northeastern Illinois | ||||||
| 18 | University Police Department.
Members of the Police Department | ||||||
| 19 | shall be conservators of the peace and
as such have all powers | ||||||
| 20 | possessed by policemen in cities, and sheriffs,
including the | ||||||
| 21 | power to make arrests on view or warrants of violations of
| ||||||
| 22 | State statutes, University rules and regulations and city or | ||||||
| 23 | county
ordinances, except that they may exercise such powers | ||||||
| 24 | only within
counties wherein Northeastern Illinois University | ||||||
| 25 | and any of its branches or
properties
are located when such is | ||||||
| 26 | required for the protection of University
properties and | ||||||
| |||||||
| |||||||
| 1 | interests, and its students and personnel, and otherwise,
| ||||||
| 2 | within such counties, when requested by appropriate State
or | ||||||
| 3 | local law enforcement officials. However, such officers shall | ||||||
| 4 | have no
power to serve and execute civil processes.
| ||||||
| 5 | The Board must authorize to each member of the Northeastern | ||||||
| 6 | Illinois
University
Police Department
and to any other employee | ||||||
| 7 | of Northeastern Illinois University exercising the
powers
of a | ||||||
| 8 | peace officer
a distinct badge
that, on its face, (i) clearly | ||||||
| 9 | states that the badge is authorized by
Northeastern
Illinois | ||||||
| 10 | University
and (ii) contains a unique identifying number.
No | ||||||
| 11 | other badge shall be authorized by
Northeastern Illinois | ||||||
| 12 | University;
| ||||||
| 13 | (12) The Board may, directly or in cooperation with other | ||||||
| 14 | institutions
of higher education, acquire by purchase or lease | ||||||
| 15 | or otherwise, and construct,
enlarge, improve, equip, | ||||||
| 16 | complete, operate, control and manage research
and high | ||||||
| 17 | technology parks, together with the necessary lands, | ||||||
| 18 | buildings,
facilities, equipment, and personal property | ||||||
| 19 | therefor,
to encourage and facilitate (i) the location and | ||||||
| 20 | development of business
and industry in the State of Illinois, | ||||||
| 21 | and (ii) the increased application
and development of | ||||||
| 22 | technology, and (iii) the improvement and development of
the | ||||||
| 23 | State's economy. The Board may lease to nonprofit corporations
| ||||||
| 24 | all or any part
of the land, buildings, facilities, equipment | ||||||
| 25 | or other property included
in a research and high technology | ||||||
| 26 | park upon such terms and conditions
as the Board may deem | ||||||
| |||||||
| |||||||
| 1 | advisable and enter into any contract or
agreement with such | ||||||
| 2 | nonprofit corporations as may be necessary or suitable
for the | ||||||
| 3 | construction, financing, operation and maintenance and | ||||||
| 4 | management
of any such park; and may lease to any person, firm, | ||||||
| 5 | partnership or
corporation,
either public or private, any part | ||||||
| 6 | or all of the land, building, facilities,
equipment or other | ||||||
| 7 | property of such park for such purposes and upon such
rentals, | ||||||
| 8 | terms and conditions as the Board may deem advisable; and
may | ||||||
| 9 | finance all or part of the cost of any such park, including the | ||||||
| 10 | purchase,
lease, construction, reconstruction, improvement, | ||||||
| 11 | remodeling, addition to,
and extension and maintenance of all | ||||||
| 12 | or part of such high technology park,
and all equipment and | ||||||
| 13 | furnishings, by legislative appropriations, government
grants, | ||||||
| 14 | contracts, private gifts, loans, receipts from the operation of
| ||||||
| 15 | such high technology park, rentals and similar receipts; and | ||||||
| 16 | may make its
other facilities and services available to tenants | ||||||
| 17 | or other occupants of
any such park at rates which are | ||||||
| 18 | reasonable and appropriate; .
| ||||||
| 19 | (13) To borrow money, as necessary, from time to time in | ||||||
| 20 | anticipation of receiving tuition, payments from the State of | ||||||
| 21 | Illinois, or other revenues or receipts of the University, also | ||||||
| 22 | known as anticipated moneys. The borrowing limit shall be | ||||||
| 23 | capped at 100% of the total amount of payroll and other expense | ||||||
| 24 | vouchers submitted and payable to the University for fiscal | ||||||
| 25 | year 2010 expenses, but unpaid at the State Comptroller's | ||||||
| 26 | office. Prior to borrowing any funds, the University shall | ||||||
| |||||||
| |||||||
| 1 | request from the Comptroller's office a verification of the | ||||||
| 2 | borrowing limit and shall include the estimated date on which | ||||||
| 3 | such borrowing shall occur. The borrowing limit cap shall be | ||||||
| 4 | verified by State Comptroller's office not prior to 45 days | ||||||
| 5 | before any estimated date for executing any promissory note or | ||||||
| 6 | line of credit established under this item (13). The principal | ||||||
| 7 | amount borrowed under a promissory note or line of credit shall | ||||||
| 8 | not exceed 75% of the borrowing limit. Within 15 days after | ||||||
| 9 | borrowing funds under any promissory note or line of credit | ||||||
| 10 | established under this item (13), the University shall submit | ||||||
| 11 | to the Governor's Office of Management and Budget, the Speaker | ||||||
| 12 | of the House of Representatives, the Minority Leader of the | ||||||
| 13 | House of Representatives, the President of the Senate, and | ||||||
| 14 | Minority Leader of the Senate, an Emergency Short Term Cash | ||||||
| 15 | Management Plan. The Emergency Short Term Cash Management Plan | ||||||
| 16 | shall outline the amount borrowed, the terms for repayment, the | ||||||
| 17 | amount of outstanding State vouchers as verified by the State | ||||||
| 18 | Comptroller's office, and the University's plan for | ||||||
| 19 | expenditure of any borrowed funds, including, but not limited | ||||||
| 20 | to, a detailed plan to meet payroll obligations to include | ||||||
| 21 | collective bargaining employees, civil service employees, and | ||||||
| 22 | academic, research, and health care personnel. The | ||||||
| 23 | establishment of any promissory note or line of credit | ||||||
| 24 | established under this item (13) must be finalized within 90 | ||||||
| 25 | days after the effective date of this amendatory Act of the | ||||||
| 26 | 96th General Assembly. The borrowed moneys shall be applied to | ||||||
| |||||||
| |||||||
| 1 | the purposes of paying salaries and other expenses lawfully | ||||||
| 2 | authorized in the University's State appropriation and unpaid | ||||||
| 3 | by the State Comptroller. Any line of credit established under | ||||||
| 4 | this item (13) shall be paid in full one year after creation or | ||||||
| 5 | within 10 days after the date the University receives | ||||||
| 6 | reimbursement from the State for all submitted fiscal year 2010 | ||||||
| 7 | vouchers, whichever is earlier. Any promissory note | ||||||
| 8 | established under this item (13) shall be repaid within one | ||||||
| 9 | year after issuance of the note. The Chairman, Comptroller, or | ||||||
| 10 | Treasurer of the Board shall execute a promissory note or | ||||||
| 11 | similar debt instrument to evidence the indebtedness incurred | ||||||
| 12 | by the borrowing. In connection with a borrowing, the Board may | ||||||
| 13 | establish a line of credit with a financial institution, | ||||||
| 14 | investment bank, or broker/dealer.
The obligation to make the | ||||||
| 15 | payments due under any promissory note or line of credit | ||||||
| 16 | established under this item (13) shall be a lawful obligation | ||||||
| 17 | of the University payable from the anticipated moneys. Any | ||||||
| 18 | borrowing under this item (13) shall not constitute a debt, | ||||||
| 19 | legal or moral, of the State and shall not be enforceable | ||||||
| 20 | against the State. The promissory note or line of credit shall | ||||||
| 21 | be authorized by a resolution passed by the Board and shall be | ||||||
| 22 | valid whether or not a budgeted item with respect to that | ||||||
| 23 | resolution is included in any annual or supplemental budget | ||||||
| 24 | adopted by the Board. The resolution shall set forth facts | ||||||
| 25 | demonstrating the need for the borrowing, state an amount that | ||||||
| 26 | the amount to be borrowed will not exceed, and establish a | ||||||
| |||||||
| |||||||
| 1 | maximum interest rate limit not to exceed the maximum rate | ||||||
| 2 | authorized by the Bond Authorization Act or 9%, whichever is | ||||||
| 3 | less. The resolution may direct the Comptroller or Treasurer of | ||||||
| 4 | the Board to make arrangements to set apart and hold the | ||||||
| 5 | portion of the anticipated moneys, as received, that shall be | ||||||
| 6 | used to repay the borrowing, subject to any prior pledges or | ||||||
| 7 | restrictions with respect to the anticipated moneys. The | ||||||
| 8 | resolution may also authorize the Treasurer of the Board to | ||||||
| 9 | make partial repayments of the borrowing as the anticipated | ||||||
| 10 | moneys become available and may contain any other terms, | ||||||
| 11 | restrictions, or limitations not inconsistent with the powers | ||||||
| 12 | of the Board. | ||||||
| 13 | For the purposes of this item (13), "financial institution" | ||||||
| 14 | means any bank subject to the Illinois Banking Act, any savings | ||||||
| 15 | and loan association subject to the Illinois Savings and Loan | ||||||
| 16 | Act of 1985, and any federally chartered commercial bank or | ||||||
| 17 | savings and loan association or government-sponsored | ||||||
| 18 | enterprise organized and operated in this State pursuant to the | ||||||
| 19 | laws of the United States. | ||||||
| 20 | (Source: P.A. 91-883, eff. 1-1-01.)
| ||||||
| 21 | Section 35. The Northern Illinois University Law is amended | ||||||
| 22 | by changing Section 30-45 as follows:
| ||||||
| 23 | (110 ILCS 685/30-45)
| ||||||
| 24 | Sec. 30-45. Powers and duties. The Board also shall have | ||||||
| |||||||
| |||||||
| 1 | power and
it shall be its duty:
| ||||||
| 2 | (1) To make rules, regulations and bylaws, not inconsistent
| ||||||
| 3 | with
law, for the government and management of Northern | ||||||
| 4 | Illinois University
and its branches;
| ||||||
| 5 | (2) To employ, and, for good cause, to remove a President | ||||||
| 6 | of Northern
Illinois University, and all necessary deans, | ||||||
| 7 | professors, associate
professors, assistant professors, | ||||||
| 8 | instructors, other educational and
administrative assistants, | ||||||
| 9 | and all other necessary employees, and to prescribe
their | ||||||
| 10 | duties and contract with them upon matters relating to
tenure, | ||||||
| 11 | salaries
and retirement benefits in accordance with
the State | ||||||
| 12 | Universities Civil Service Act. Whenever the Board establishes | ||||||
| 13 | a
search committee to fill the position of President of | ||||||
| 14 | Northern Illinois
University, there shall be minority | ||||||
| 15 | representation, including women, on that
search committee. The | ||||||
| 16 | Board shall, upon the written request
of an employee of | ||||||
| 17 | Northern Illinois University, withhold from the compensation
| ||||||
| 18 | of that employee any dues, payments or contributions payable by | ||||||
| 19 | such employee
to any labor organization as defined in the | ||||||
| 20 | Illinois Educational Labor
Relations
Act. Under such | ||||||
| 21 | arrangement, an amount shall be withheld from each regular
| ||||||
| 22 | payroll period which is equal to the pro rata share of the | ||||||
| 23 | annual dues plus
any payments or contributions, and the Board | ||||||
| 24 | shall transmit such withholdings
to the specified labor | ||||||
| 25 | organization within 10 working days from the time
of the | ||||||
| 26 | withholding;
| ||||||
| |||||||
| |||||||
| 1 | (3) To prescribe the courses of study to be followed, and | ||||||
| 2 | textbooks
and apparatus to be used at Northern Illinois | ||||||
| 3 | University;
| ||||||
| 4 | (4) To issue upon the recommendation of the faculty, | ||||||
| 5 | diplomas to such
persons as have satisfactorily completed the | ||||||
| 6 | required studies of
Northern Illinois University, and confer | ||||||
| 7 | such professional and literary
degrees as are usually conferred | ||||||
| 8 | by other institutions of like character
for similar or | ||||||
| 9 | equivalent courses of study, or such as the Board may
deem | ||||||
| 10 | appropriate;
| ||||||
| 11 | (5) To examine into the conditions, management, and | ||||||
| 12 | administration of
Northern Illinois University, to provide the | ||||||
| 13 | requisite buildings,
apparatus, equipment and auxiliary | ||||||
| 14 | enterprises, and to fix and collect
matriculation fees; tuition | ||||||
| 15 | fees; fees for student activities; fees for
student facilities | ||||||
| 16 | such as student union buildings or field houses or
stadia or | ||||||
| 17 | other recreational facilities; student welfare fees;
| ||||||
| 18 | laboratory fees; and similar fees for supplies and materials.
| ||||||
| 19 | The expense of the building, improving, repairing and supplying | ||||||
| 20 | fuel and
furniture and the necessary appliances and apparatus | ||||||
| 21 | for conducting Northern
Illinois University, the reimbursed | ||||||
| 22 | expenses of members of the Board, and the
salaries or | ||||||
| 23 | compensation of the President, assistants, agents and other
| ||||||
| 24 | employees of Northern Illinois University, shall be a charge | ||||||
| 25 | upon the State
Treasury. All
other expenses shall be chargeable | ||||||
| 26 | against students, and the Board shall
regulate the charges | ||||||
| |||||||
| |||||||
| 1 | accordingly;
| ||||||
| 2 | (6) To succeed to and to administer all trusts, trust | ||||||
| 3 | property, and
gifts now or hereafter belonging or pertaining to | ||||||
| 4 | Northern Illinois
University;
| ||||||
| 5 | (7) To accept endowments of professorships or departments | ||||||
| 6 | in Northern
Illinois University from any person who may proffer | ||||||
| 7 | them and, at regular
meetings, to prescribe rules and | ||||||
| 8 | regulations in relation to endowments
and declare on what | ||||||
| 9 | general principles they may be accepted;
| ||||||
| 10 | (8) To enter into contracts with the Federal government for | ||||||
| 11 | providing
courses of instruction and other services at Northern | ||||||
| 12 | Illinois
University for persons serving in or with the military | ||||||
| 13 | or naval forces
of the United States, and to provide such | ||||||
| 14 | courses of instruction and
other services;
| ||||||
| 15 | (9) To contract with respect to the Cooperative Computer | ||||||
| 16 | Center to obtain
services related to electronic data | ||||||
| 17 | processing;
| ||||||
| 18 | (10) To provide for the receipt and expenditures of Federal | ||||||
| 19 | funds
paid to Northern Illinois University by the Federal | ||||||
| 20 | government for
instruction and other services for persons | ||||||
| 21 | serving in or with the
military or naval forces of the United | ||||||
| 22 | States, and to provide for audits
of such funds;
| ||||||
| 23 | (11) To appoint, subject to the applicable civil service | ||||||
| 24 | law, persons
to be members of the Northern Illinois University | ||||||
| 25 | Police Department.
Members of the Police Department shall be | ||||||
| 26 | conservators of the peace and
as such have all powers possessed | ||||||
| |||||||
| |||||||
| 1 | by policemen in cities, and sheriffs,
including the power to | ||||||
| 2 | make arrests on view or warrants of violations of
State | ||||||
| 3 | statutes, University rules and regulations and city or county
| ||||||
| 4 | ordinances, except that they may exercise such powers only | ||||||
| 5 | within
counties wherein Northern Illinois University and any of | ||||||
| 6 | its branches or
properties
are located when such is required | ||||||
| 7 | for the protection of University
properties and interests, and | ||||||
| 8 | its students and personnel, and otherwise,
within such | ||||||
| 9 | counties, when requested by appropriate State
or local law | ||||||
| 10 | enforcement officials. However, such officers shall have no
| ||||||
| 11 | power to serve and execute civil processes.
| ||||||
| 12 | The Board must authorize to each member of the Northern | ||||||
| 13 | Illinois University
Police
Department
and to any other employee | ||||||
| 14 | of Northern Illinois University exercising the powers
of a | ||||||
| 15 | peace officer
a distinct badge
that, on its face, (i) clearly | ||||||
| 16 | states that the badge is authorized by Northern
Illinois
| ||||||
| 17 | University and
(ii) contains a unique identifying number.
No | ||||||
| 18 | other badge shall be authorized by
Northern Illinois | ||||||
| 19 | University;
| ||||||
| 20 | (12) The Board may, directly or in cooperation with other | ||||||
| 21 | institutions
of higher education, acquire by purchase or lease | ||||||
| 22 | or otherwise, and construct,
enlarge, improve, equip, | ||||||
| 23 | complete, operate, control and manage research
and high | ||||||
| 24 | technology parks, together with the necessary lands, | ||||||
| 25 | buildings,
facilities, equipment, and personal property | ||||||
| 26 | therefor,
to encourage and facilitate (i) the location and | ||||||
| |||||||
| |||||||
| 1 | development of business
and industry in the State of Illinois, | ||||||
| 2 | and (ii) the increased application
and development of | ||||||
| 3 | technology, and (iii) the improvement and development of
the | ||||||
| 4 | State's economy. The Board may lease to nonprofit corporations
| ||||||
| 5 | all or any part
of the land, buildings, facilities, equipment | ||||||
| 6 | or other property included
in a research and high technology | ||||||
| 7 | park upon such terms and conditions
as the Board may deem | ||||||
| 8 | advisable and enter into any contract or
agreement with such | ||||||
| 9 | nonprofit corporations as may be necessary or suitable
for the | ||||||
| 10 | construction, financing, operation and maintenance and | ||||||
| 11 | management
of any such park; and may lease to any person, firm, | ||||||
| 12 | partnership or
corporation,
either public or private, any part | ||||||
| 13 | or all of the land, building, facilities,
equipment or other | ||||||
| 14 | property of such park for such purposes and upon such
rentals, | ||||||
| 15 | terms and conditions as the Board may deem advisable; and
may | ||||||
| 16 | finance all or part of the cost of any such park, including the | ||||||
| 17 | purchase,
lease, construction, reconstruction, improvement, | ||||||
| 18 | remodeling, addition to,
and extension and maintenance of all | ||||||
| 19 | or part of such high technology park,
and all equipment and | ||||||
| 20 | furnishings, by legislative appropriations, government
grants, | ||||||
| 21 | contracts, private gifts, loans, receipts from the operation of
| ||||||
| 22 | such high technology park, rentals and similar receipts; and | ||||||
| 23 | may make its
other facilities and services available to tenants | ||||||
| 24 | or other occupants of
any such park at rates which are | ||||||
| 25 | reasonable and appropriate.
| ||||||
| 26 | (13) To assist in the provision of buildings and facilities | ||||||
| |||||||
| |||||||
| 1 | beneficial
to,
useful for, or supportive of university | ||||||
| 2 | purposes, the Board of Trustees of
Northern Illinois University | ||||||
| 3 | may exercise the following powers with regard to
the area | ||||||
| 4 | located on or adjacent to the Northern Illinois University | ||||||
| 5 | DeKalb
campus and bounded as follows:
| ||||||
| 6 | Parcel 1:
| ||||||
| 7 | In Township 40 North, Range 4 East, of the Third Prime | ||||||
| 8 | Meridian, County of
DeKalb, State of Illinois: The East | ||||||
| 9 | half of the Southeast Quarter of Section
17, the Southwest | ||||||
| 10 | Quarter of Section 16, and the Northwest Quarter of Section
| ||||||
| 11 | 21, all in the County of DeKalb, Illinois.
| ||||||
| 12 | Parcel 2:
| ||||||
| 13 | In Township 40 North, Range 4 East, of the Third Prime | ||||||
| 14 | Meridian, County of
DeKalb, State of Illinois: On the | ||||||
| 15 | North, by a line beginning at the Northwest
corner of the | ||||||
| 16 | Southeast Quarter of Section 15; thence East 1,903.3 feet; | ||||||
| 17 | thence
South to the North line of the Southeast Quarter of | ||||||
| 18 | the Southeast Quarter of
Section 15; thence East along said | ||||||
| 19 | line to North First Street; on the West by
Garden Road | ||||||
| 20 | between Lucinda Avenue and the North boundary; thence on | ||||||
| 21 | the South
by Lucinda Avenue between Garden Road and the | ||||||
| 22 | intersection of Lucinda Avenue
and the South Branch of the | ||||||
| 23 | Kishwaukee River, and by the South Branch of the
Kishwaukee | ||||||
| 24 | River between such intersection and easterly to the | ||||||
| 25 | intersection of
such river and North First Street; thence | ||||||
| 26 | on the East by North First Street.
| ||||||
| |||||||
| |||||||
| 1 | (a) Acquire any interests in land, buildings, or | ||||||
| 2 | facilities by purchase,
including installments payable | ||||||
| 3 | over a period allowed by law, by lease over a
term of such | ||||||
| 4 | duration as the Board of Trustees shall determine, or by | ||||||
| 5 | exercise
of the power of eminent domain;
| ||||||
| 6 | (b) Sublease or contract to purchase through | ||||||
| 7 | installments all or any
portion of buildings or facilities | ||||||
| 8 | for such duration and on such terms as the
Board of | ||||||
| 9 | Trustees shall determine, including a term that exceeds 5 | ||||||
| 10 | years,
provided that each such lease or purchase contract | ||||||
| 11 | shall be and shall recite
that it is subject to termination | ||||||
| 12 | and cancellation in any year for which the
General Assembly | ||||||
| 13 | fails to make an appropriation to pay the rent or purchase
| ||||||
| 14 | installments payable under the terms of such lease or | ||||||
| 15 | purchase contracts; and
| ||||||
| 16 | (c) Sell property without compliance with the State | ||||||
| 17 | Property Control Act
and retain proceeds in the University | ||||||
| 18 | treasury in a special, separate
development fund account | ||||||
| 19 | which the Auditor General shall examine to assure
| ||||||
| 20 | compliance with this Act.
| ||||||
| 21 | Any buildings or facilities to be developed on the land | ||||||
| 22 | shall be buildings or
facilities that, in
the determination of | ||||||
| 23 | the Board of Trustees, in whole or in part: (i) are for
use by | ||||||
| 24 | the University; or (ii) otherwise advance the interests of the
| ||||||
| 25 | University,
including, by way of example, residential, | ||||||
| 26 | recreational, educational, and
athletic facilities for | ||||||
| |||||||
| |||||||
| 1 | University staff and students and commercial facilities
which | ||||||
| 2 | provide services needed by the University community. Revenues | ||||||
| 3 | from the
development fund account may be withdrawn by the | ||||||
| 4 | University for the purpose of
demolition and the processes | ||||||
| 5 | associated with demolition; routine land and
property | ||||||
| 6 | acquisition; extension of utilities; streetscape work; | ||||||
| 7 | landscape work;
surface and structure parking; sidewalks, | ||||||
| 8 | recreational paths, and street
construction; and lease and | ||||||
| 9 | lease purchase arrangements and the professional
services | ||||||
| 10 | associated with the planning and development of the area. | ||||||
| 11 | Moneys from
the development fund account used for any other | ||||||
| 12 | purpose must be deposited into
and appropriated from the | ||||||
| 13 | General Revenue Fund. Buildings or facilities leased
to an | ||||||
| 14 | entity or person other than the University shall not be subject | ||||||
| 15 | to any
limitations applicable to a State-supported college or | ||||||
| 16 | university under any
law. All development on the land and all | ||||||
| 17 | the use of any buildings or
facilities shall be subject to the | ||||||
| 18 | control and approval of the Board of
Trustees of Northern | ||||||
| 19 | Illinois University.
| ||||||
| 20 | (14) To borrow money, as necessary, from time to time in | ||||||
| 21 | anticipation of receiving tuition, payments from the State of | ||||||
| 22 | Illinois, or other revenues or receipts of the University, also | ||||||
| 23 | known as anticipated moneys. The borrowing limit shall be | ||||||
| 24 | capped at 100% of the total amount of payroll and other expense | ||||||
| 25 | vouchers submitted and payable to the University for fiscal | ||||||
| 26 | year 2010 expenses, but unpaid at the State Comptroller's | ||||||
| |||||||
| |||||||
| 1 | office. Prior to borrowing any funds, the University shall | ||||||
| 2 | request from the Comptroller's office a verification of the | ||||||
| 3 | borrowing limit and shall include the estimated date on which | ||||||
| 4 | such borrowing shall occur. The borrowing limit cap shall be | ||||||
| 5 | verified by State Comptroller's office not prior to 45 days | ||||||
| 6 | before any estimated date for executing any promissory note or | ||||||
| 7 | line of credit established under this item (14). The principal | ||||||
| 8 | amount borrowed under a promissory note or line of credit shall | ||||||
| 9 | not exceed 75% of the borrowing limit. Within 15 days after | ||||||
| 10 | borrowing funds under any promissory note or line of credit | ||||||
| 11 | established under this item (14), the University shall submit | ||||||
| 12 | to the Governor's Office of Management and Budget, the Speaker | ||||||
| 13 | of the House of Representatives, the Minority Leader of the | ||||||
| 14 | House of Representatives, the President of the Senate, and | ||||||
| 15 | Minority Leader of the Senate, an Emergency Short Term Cash | ||||||
| 16 | Management Plan. The Emergency Short Term Cash Management Plan | ||||||
| 17 | shall outline the amount borrowed, the terms for repayment, the | ||||||
| 18 | amount of outstanding State vouchers as verified by the State | ||||||
| 19 | Comptroller's office, and the University's plan for | ||||||
| 20 | expenditure of any borrowed funds, including, but not limited | ||||||
| 21 | to, a detailed plan to meet payroll obligations for all | ||||||
| 22 | collective bargaining employees, civil service employees, and | ||||||
| 23 | academic, research, and health care personnel. The | ||||||
| 24 | establishment of any promissory note or line of credit | ||||||
| 25 | established under this item (14) must be finalized within 90 | ||||||
| 26 | days after the effective date of this amendatory Act of the | ||||||
| |||||||
| |||||||
| 1 | 96th General Assembly. The borrowed moneys shall be applied to | ||||||
| 2 | the purposes of paying salaries and other expenses lawfully | ||||||
| 3 | authorized in the University's State appropriation and unpaid | ||||||
| 4 | by the State Comptroller. Any line of credit established under | ||||||
| 5 | this item (14) shall be paid in full one year after creation or | ||||||
| 6 | within 10 days after the date the University receives | ||||||
| 7 | reimbursement from the State for all submitted fiscal year 2010 | ||||||
| 8 | vouchers, whichever is earlier. Any promissory note | ||||||
| 9 | established under this item (14) shall be repaid within one | ||||||
| 10 | year after issuance of the note. The Chairman, Comptroller, or | ||||||
| 11 | Treasurer of the Board shall execute a promissory note or | ||||||
| 12 | similar debt instrument to evidence the indebtedness incurred | ||||||
| 13 | by the borrowing. In connection with a borrowing, the Board may | ||||||
| 14 | establish a line of credit with a financial institution, | ||||||
| 15 | investment bank, or broker/dealer.
The obligation to make the | ||||||
| 16 | payments due under any promissory note or line of credit | ||||||
| 17 | established under this item (14) shall be a lawful obligation | ||||||
| 18 | of the University payable from the anticipated moneys. Any | ||||||
| 19 | borrowing under this item (14) shall not constitute a debt, | ||||||
| 20 | legal or moral, of the State and shall not be enforceable | ||||||
| 21 | against the State. The promissory note or line of credit shall | ||||||
| 22 | be authorized by a resolution passed by the Board and shall be | ||||||
| 23 | valid whether or not a budgeted item with respect to that | ||||||
| 24 | resolution is included in any annual or supplemental budget | ||||||
| 25 | adopted by the Board. The resolution shall set forth facts | ||||||
| 26 | demonstrating the need for the borrowing, state an amount that | ||||||
| |||||||
| |||||||
| 1 | the amount to be borrowed will not exceed, and establish a | ||||||
| 2 | maximum interest rate limit not to exceed the maximum rate | ||||||
| 3 | authorized by the Bond Authorization Act or 9%, whichever is | ||||||
| 4 | less. The resolution may direct the Comptroller or Treasurer of | ||||||
| 5 | the Board to make arrangements to set apart and hold the | ||||||
| 6 | portion of the anticipated moneys, as received, that shall be | ||||||
| 7 | used to repay the borrowing, subject to any prior pledges or | ||||||
| 8 | restrictions with respect to the anticipated moneys. The | ||||||
| 9 | resolution may also authorize the Treasurer of the Board to | ||||||
| 10 | make partial repayments of the borrowing as the anticipated | ||||||
| 11 | moneys become available and may contain any other terms, | ||||||
| 12 | restrictions, or limitations not inconsistent with the powers | ||||||
| 13 | of the Board. | ||||||
| 14 | For the purposes of this item (14), "financial institution" | ||||||
| 15 | means any bank subject to the Illinois Banking Act, any savings | ||||||
| 16 | and loan association subject to the Illinois Savings and Loan | ||||||
| 17 | Act of 1985, and any federally chartered commercial bank or | ||||||
| 18 | savings and loan association or government-sponsored | ||||||
| 19 | enterprise organized and operated in this State pursuant to the | ||||||
| 20 | laws of the United States. | ||||||
| 21 | (Source: P.A. 90-284, eff. 1-1-98; 91-883, eff. 1-1-01.)
| ||||||
| 22 | Section 40. The Western Illinois University Law is amended | ||||||
| 23 | by changing Section 35-45 as follows:
| ||||||
| 24 | (110 ILCS 690/35-45)
| ||||||
| |||||||
| |||||||
| 1 | Sec. 35-45. Powers and duties. The Board also shall have | ||||||
| 2 | power and
it shall be its duty:
| ||||||
| 3 | (1) To make rules, regulations and bylaws, not inconsistent | ||||||
| 4 | with
law, for the government and management of Western Illinois | ||||||
| 5 | University
and its branches;
| ||||||
| 6 | (2) To employ, and, for good cause, to remove a President | ||||||
| 7 | of Western
Illinois University, and all necessary deans, | ||||||
| 8 | professors, associate
professors, assistant professors, | ||||||
| 9 | instructors, other educational and
administrative assistants, | ||||||
| 10 | and all other necessary employees, and to prescribe
their | ||||||
| 11 | duties and contract with them upon matters relating to tenure, | ||||||
| 12 | salaries
and retirement benefits in accordance with
the State | ||||||
| 13 | Universities Civil Service Act. Whenever the Board establishes | ||||||
| 14 | a
search committee to fill the position of President of Western | ||||||
| 15 | Illinois
University, there shall be minority representation, | ||||||
| 16 | including women, on that
search committee. The Board shall, | ||||||
| 17 | upon the written request
of an employee of Western Illinois | ||||||
| 18 | University, withhold from the compensation
of that employee any | ||||||
| 19 | dues, payments or contributions payable by such employee
to any | ||||||
| 20 | labor organization as defined in the Illinois Educational Labor
| ||||||
| 21 | Relations
Act. Under such arrangement, an amount shall be | ||||||
| 22 | withheld from each regular
payroll period which is equal to the | ||||||
| 23 | pro rata share of the annual dues plus
any payments or | ||||||
| 24 | contributions, and the Board shall transmit such withholdings
| ||||||
| 25 | to the specified labor organization within 10 working days from | ||||||
| 26 | the time
of the withholding;
| ||||||
| |||||||
| |||||||
| 1 | (3) To prescribe the courses of study to be followed, and | ||||||
| 2 | textbooks
and apparatus to be used at Western Illinois | ||||||
| 3 | University;
| ||||||
| 4 | (4) To issue upon the recommendation of the faculty, | ||||||
| 5 | diplomas to such
persons as have satisfactorily completed the | ||||||
| 6 | required studies of
Western Illinois University, and confer | ||||||
| 7 | such professional and literary
degrees as are usually conferred | ||||||
| 8 | by other institutions of like character
for similar or | ||||||
| 9 | equivalent courses of study, or such as the Board may
deem | ||||||
| 10 | appropriate;
| ||||||
| 11 | (5) To examine into the conditions, management, and | ||||||
| 12 | administration of
Western Illinois University, to provide the | ||||||
| 13 | requisite buildings,
apparatus, equipment and auxiliary | ||||||
| 14 | enterprises, and to fix and collect
matriculation fees; tuition | ||||||
| 15 | fees; fees for student activities; fees for
student facilities | ||||||
| 16 | such as student union buildings or field houses or
stadia or | ||||||
| 17 | other recreational facilities; student welfare fees;
| ||||||
| 18 | laboratory fees; and similar fees for supplies and materials.
| ||||||
| 19 | The expense of the building, improving, repairing and supplying | ||||||
| 20 | fuel and
furniture and the necessary appliances and apparatus | ||||||
| 21 | for conducting Western
Illinois
University, the reimbursed | ||||||
| 22 | expenses of members of the Board, and the
salaries or | ||||||
| 23 | compensation of the President, assistants, agents and other
| ||||||
| 24 | employees of Western Illinois University, shall be a charge | ||||||
| 25 | upon the State
Treasury. All
other expenses shall be chargeable | ||||||
| 26 | against students, and the Board shall
regulate the charges | ||||||
| |||||||
| |||||||
| 1 | accordingly;
| ||||||
| 2 | (6) To succeed to and to administer all trusts, trust | ||||||
| 3 | property, and
gifts now or hereafter belonging or pertaining to | ||||||
| 4 | Western Illinois
University;
| ||||||
| 5 | (7) To accept endowments of professorships or departments | ||||||
| 6 | in Western
Illinois University from any person who may proffer | ||||||
| 7 | them and, at regular
meetings, to prescribe rules and | ||||||
| 8 | regulations in relation to endowments
and declare on what | ||||||
| 9 | general principles they may be accepted;
| ||||||
| 10 | (8) To enter into contracts with the Federal government for | ||||||
| 11 | providing
courses of instruction and other services at Western | ||||||
| 12 | Illinois
University for persons serving in or with the military | ||||||
| 13 | or naval forces
of the United States, and to provide such | ||||||
| 14 | courses of instruction and
other services;
| ||||||
| 15 | (9) To contract with respect to the Cooperative Computer | ||||||
| 16 | Center to obtain
services related to electronic data | ||||||
| 17 | processing;
| ||||||
| 18 | (10) To provide for the receipt and expenditures of Federal | ||||||
| 19 | funds
paid to Western Illinois University by the Federal | ||||||
| 20 | government for
instruction and other services for persons | ||||||
| 21 | serving in or with the
military or naval forces of the United | ||||||
| 22 | States, and to provide for audits
of such funds;
| ||||||
| 23 | (11) To appoint, subject to the applicable civil service | ||||||
| 24 | law, persons
to be members of the Western Illinois University | ||||||
| 25 | Police Department.
Members of the Police Department shall be | ||||||
| 26 | conservators of the peace and
as such have all powers possessed | ||||||
| |||||||
| |||||||
| 1 | by policemen in cities, and sheriffs,
including the power to | ||||||
| 2 | make arrests on view or warrants of violations of
State | ||||||
| 3 | statutes, University rules and regulations and city or county
| ||||||
| 4 | ordinances, except that they may exercise such powers only | ||||||
| 5 | within
counties wherein Western Illinois University and any of | ||||||
| 6 | its branches or
properties
are located when such is required | ||||||
| 7 | for the protection of University
properties and interests, and | ||||||
| 8 | its students and personnel, and otherwise,
within such | ||||||
| 9 | counties, when requested by appropriate State
or local law | ||||||
| 10 | enforcement officials. However, such officers shall have no
| ||||||
| 11 | power to serve and execute civil processes.
| ||||||
| 12 | The Board must authorize to each member of the Western | ||||||
| 13 | Illinois University
Police
Department
and to any other employee | ||||||
| 14 | of Western Illinois University exercising the powers
of a peace | ||||||
| 15 | officer
a distinct badge
that, on its face, (i) clearly states | ||||||
| 16 | that the badge is authorized by Western
Illinois
University and
| ||||||
| 17 | (ii) contains a unique identifying number.
No other badge shall | ||||||
| 18 | be authorized by
Western Illinois University;
| ||||||
| 19 | (12) The Board may, directly or in cooperation with other | ||||||
| 20 | institutions
of higher education, acquire by purchase or lease | ||||||
| 21 | or otherwise, and construct,
enlarge, improve, equip, | ||||||
| 22 | complete, operate, control and manage research
and high | ||||||
| 23 | technology parks, together with the necessary lands, | ||||||
| 24 | buildings,
facilities, equipment, and personal property | ||||||
| 25 | therefor,
to encourage and facilitate (i) the location and | ||||||
| 26 | development of business
and industry in the State of Illinois, | ||||||
| |||||||
| |||||||
| 1 | and (ii) the increased application
and development of | ||||||
| 2 | technology, and (iii) the improvement and development of
the | ||||||
| 3 | State's economy. The Board may lease to nonprofit corporations
| ||||||
| 4 | all or any part
of the land, buildings, facilities, equipment | ||||||
| 5 | or other property included
in a research and high technology | ||||||
| 6 | park upon such terms and conditions
as the Board may deem | ||||||
| 7 | advisable and enter into any contract or
agreement with such | ||||||
| 8 | nonprofit corporations as may be necessary or suitable
for the | ||||||
| 9 | construction, financing, operation and maintenance and | ||||||
| 10 | management
of any such park; and may lease to any person, firm, | ||||||
| 11 | partnership or
corporation,
either public or private, any part | ||||||
| 12 | or all of the land, building, facilities,
equipment or other | ||||||
| 13 | property of such park for such purposes and upon such
rentals, | ||||||
| 14 | terms and conditions as the Board may deem advisable; and
may | ||||||
| 15 | finance all or part of the cost of any such park, including the | ||||||
| 16 | purchase,
lease, construction, reconstruction, improvement, | ||||||
| 17 | remodeling, addition to,
and extension and maintenance of all | ||||||
| 18 | or part of such high technology park,
and all equipment and | ||||||
| 19 | furnishings, by legislative appropriations, government
grants, | ||||||
| 20 | contracts, private gifts, loans, receipts from the operation of
| ||||||
| 21 | such high technology park, rentals and similar receipts; and | ||||||
| 22 | may make its
other facilities and services available to tenants | ||||||
| 23 | or other occupants of
any such park at rates which are | ||||||
| 24 | reasonable and appropriate; .
| ||||||
| 25 | (13) To borrow money, as necessary, from time to time in | ||||||
| 26 | anticipation of receiving tuition, payments from the State of | ||||||
| |||||||
| |||||||
| 1 | Illinois, or other revenues or receipts of the University, also | ||||||
| 2 | known as anticipated moneys. The borrowing limit shall be | ||||||
| 3 | capped at 100% of the total amount of payroll and other expense | ||||||
| 4 | vouchers submitted and payable to the University for fiscal | ||||||
| 5 | year 2010 expenses, but unpaid at the State Comptroller's | ||||||
| 6 | office. Prior to borrowing any funds, the University shall | ||||||
| 7 | request from the Comptroller's office a verification of the | ||||||
| 8 | borrowing limit and shall include the estimated date on which | ||||||
| 9 | such borrowing shall occur. The borrowing limit cap shall be | ||||||
| 10 | verified by State Comptroller's office not prior to 45 days | ||||||
| 11 | before any estimated date for executing any promissory note or | ||||||
| 12 | line of credit established under this item (13). The principal | ||||||
| 13 | amount borrowed under a promissory note or line of credit shall | ||||||
| 14 | not exceed 75% of the borrowing limit. Within 15 days after | ||||||
| 15 | borrowing funds under any promissory note or line of credit | ||||||
| 16 | established under this item (13), the University shall submit | ||||||
| 17 | to the Governor's Office of Management and Budget, the Speaker | ||||||
| 18 | of the House of Representatives, the Minority Leader of the | ||||||
| 19 | House of Representatives, the President of the Senate, and | ||||||
| 20 | Minority Leader of the Senate, an Emergency Short Term Cash | ||||||
| 21 | Management Plan. The Emergency Short Term Cash Management Plan | ||||||
| 22 | shall outline the amount borrowed, the terms for repayment, the | ||||||
| 23 | amount of outstanding State vouchers as verified by the State | ||||||
| 24 | Comptroller's office, and the University's plan for | ||||||
| 25 | expenditure of any borrowed funds, including, but not limited | ||||||
| 26 | to, a detailed plan to meet payroll obligations to include | ||||||
| |||||||
| |||||||
| 1 | collective bargaining employees, civil service employees, and | ||||||
| 2 | academic, research, and health care personnel. The | ||||||
| 3 | establishment of any promissory note or line of credit | ||||||
| 4 | established under this item (13) must be finalized within 90 | ||||||
| 5 | days after the effective date of this amendatory Act of the | ||||||
| 6 | 96th General Assembly. The borrowed moneys shall be applied to | ||||||
| 7 | the purposes of paying salaries and other expenses lawfully | ||||||
| 8 | authorized in the University's State appropriation and unpaid | ||||||
| 9 | by the State Comptroller. Any line of credit established under | ||||||
| 10 | this item (13) shall be paid in full one year after creation or | ||||||
| 11 | within 10 days after the date the University receives | ||||||
| 12 | reimbursement from the State for all submitted fiscal year 2010 | ||||||
| 13 | vouchers, whichever is earlier. Any promissory note | ||||||
| 14 | established under this item (13) shall be repaid within one | ||||||
| 15 | year after issuance of the note. The Chairman, Comptroller, or | ||||||
| 16 | Treasurer of the Board shall execute a promissory note or | ||||||
| 17 | similar debt instrument to evidence the indebtedness incurred | ||||||
| 18 | by the borrowing. In connection with a borrowing, the Board may | ||||||
| 19 | establish a line of credit with a financial institution, | ||||||
| 20 | investment bank, or broker/dealer.
The obligation to make the | ||||||
| 21 | payments due under any promissory note or line of credit | ||||||
| 22 | established under this item (13) shall be a lawful obligation | ||||||
| 23 | of the University payable from the anticipated moneys. Any | ||||||
| 24 | borrowing under this item (13) shall not constitute a debt, | ||||||
| 25 | legal or moral, of the State and shall not be enforceable | ||||||
| 26 | against the State. The promissory note or line of credit shall | ||||||
| |||||||
| |||||||
| 1 | be authorized by a resolution passed by the Board and shall be | ||||||
| 2 | valid whether or not a budgeted item with respect to that | ||||||
| 3 | resolution is included in any annual or supplemental budget | ||||||
| 4 | adopted by the Board. The resolution shall set forth facts | ||||||
| 5 | demonstrating the need for the borrowing, state an amount that | ||||||
| 6 | the amount to be borrowed will not exceed, and establish a | ||||||
| 7 | maximum interest rate limit not to exceed the maximum rate | ||||||
| 8 | authorized by the Bond Authorization Act or 9%, whichever is | ||||||
| 9 | less. The resolution may direct the Comptroller or Treasurer of | ||||||
| 10 | the Board to make arrangements to set apart and hold the | ||||||
| 11 | portion of the anticipated moneys, as received, that shall be | ||||||
| 12 | used to repay the borrowing, subject to any prior pledges or | ||||||
| 13 | restrictions with respect to the anticipated moneys. The | ||||||
| 14 | resolution may also authorize the Treasurer of the Board to | ||||||
| 15 | make partial repayments of the borrowing as the anticipated | ||||||
| 16 | moneys become available and may contain any other terms, | ||||||
| 17 | restrictions, or limitations not inconsistent with the powers | ||||||
| 18 | of the Board. | ||||||
| 19 | For the purposes of this item (13), "financial institution" | ||||||
| 20 | means any bank subject to the Illinois Banking Act, any savings | ||||||
| 21 | and loan association subject to the Illinois Savings and Loan | ||||||
| 22 | Act of 1985, and any federally chartered commercial bank or | ||||||
| 23 | savings and loan association or government-sponsored | ||||||
| 24 | enterprise organized and operated in this State pursuant to the | ||||||
| 25 | laws of the United States. | ||||||
| 26 | (Source: P.A. 91-883, eff. 1-1-01.)
| ||||||
| |||||||
| |||||||
| 1 | Section 99. Effective date. This Act takes effect upon | ||||||
| 2 | becoming law.
| ||||||
