Bill Text: IL SB3710 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the Private Colleges and Universities Capital Distribution Formula Act. Provides that if an institution received a grant under the Act and subsequently fails to meet the definition of "independent college" due to the institution being acquired and operated by the University of Illinois at Chicago, the entire balance of the grant remaining on the date the acquired former independent college ceased operations and came under the control of the University of Illinois at Chicago, including any amount that had been withheld after the acquired former independent college ceased operations, shall be re-distributed as provided under specified provisions from moneys made available for use by the Office of the Chancellor of the University of Illinois at Chicago in the amount of $934,013.79. Specifies that the provisions apply to any acquisition of an independent college by University of Illinois at Chicago occurring on and after August 15, 2019 and before January 1, 2020.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-03-04 - Tabled By Sponsor Sen. Chapin Rose [SB3710 Detail]

Download: Illinois-2019-SB3710-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB3710 Introduced 2/14/2020, by Sen. Chapin Rose SYNOPSIS AS INTRODUCED:
30 ILCS 769/25-15
Amends the Private Colleges and Universities Capital Distribution Formula Act. Provides that if an institution received a grant under the Act and subsequently fails to meet the definition of "independent college" due to the institution being acquired and operated by the University of Illinois at Chicago, the entire balance of the grant remaining on the date the acquired former independent college ceased operations and came under the control of the University of Illinois at Chicago, including any amount that had been withheld after the acquired former independent college ceased operations, shall be re-distributed as provided under specified provisions from moneys made available for use by the Office of the Chancellor of the University of Illinois at Chicago in the amount of $934,013.79. Specifies that the provisions apply to any acquisition of an independent college by University of Illinois at Chicago occurring on and after August 15, 2019 and before January 1, 2020.
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FISCAL NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Private Colleges and Universities Capital
Distribution Formula Act is amended by changing Section 25-15
as follows:
(30 ILCS 769/25-15)
Sec. 25-15. Transfer of funds to another independent
college.
(a) If an institution received a grant under this Article
and subsequently fails to meet the definition of "independent
college", the remaining funds shall be re-distributed as
provided in Section 25-10, unless the campus or facilities for
which the grant was given are operated by another institution
that qualifies as an independent college under this Article.
(a-5) Notwithstanding the provisions of subsection (a), if
an institution received a grant under this Article and
subsequently fails to meet the definition of "independent
college" due to the institution being acquired and operated by
the University of Illinois at Chicago, the entire balance of
the grant provided under this Article remaining on the date the
acquired former independent college ceased operations and came
under the control of the University of Illinois at Chicago,

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including any amount that had been withheld after the acquired
former independent college ceased operations, shall be
re-distributed as provided under Section 25-10 from moneys made
available for use by the Office of the Chancellor of the
University of Illinois at Chicago in the amount of $934,013.79.
The provisions of this subsection (a-5) apply to any
acquisition of an independent college by the University of
Illinois at Chicago occurring on and after August 15, 2019 and
before January 1, 2020.
(b) If the facilities of a former independent college are
operated by another entity that qualifies as an independent
college as provided in subsection (a) of this Section, then the
entire balance of the grant provided under this Article
remaining on the date the former independent college ceased
operations, including any amount that had been withheld after
the former independent college ceased operations, shall be
transferred to the successor independent college for the
purpose of operating those facilities for the duration of the
grant.
(c) In the event that, on or before the effective date of
this amendatory Act of the 98th General Assembly, the remaining
funds have been re-allocated or re-distributed to other
independent colleges, or the Illinois Board of Higher Education
has planned for the remaining funds to be re-allocated or
re-distributed to other independent colleges, before the
5-year period provided under this Act for the utilization of

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funds has ended, any funds so re-allocated or re-distributed
shall be deducted from future allocations to those other
independent colleges and re-allocated or re-distributed to the
initial institution or the successor entity operating the
facilities of the original institution if: (i) the institution
that failed to meet the definition of "independent college"
once again meets the definition of "independent college" before
the 5-year period has expired; or (ii) the facility or
facilities of the former independent college are operated by
another entity that qualifies as an independent college before
the 5-year period has expired.
(Source: P.A. 101-10, eff. 6-5-19.)