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Amends the Western Illinois University Law. Provides that the Board of Trustees of Western Illinois University shall have the power and duty to borrow money for any lawful purpose from the WIU Foundation or any financial institution, as long as such money is repaid within 5 years from the time the money is borrowed. Provides that the amount outstanding from time to time may not exceed $2,000,000. Requires the chairperson, comptroller, or treasurer of the Board to execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.
Introduced
Apr 9, 2025
Last Action
Aug 1, 2025
Session
IL 104th
Sponsors
2 primary · 5 co
Public Act . . . . . . . . . 104-0093
Governor Approved
Effective Date January 1, 2026
Sent to the Governor
Third Reading - Short Debate - Passed 110-000-000
Added Alternate Chief Co-Sponsor Rep. Dan Swanson
Passed Both Houses
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Higher Education Committee; 010-000-000
Added Alternate Co-Sponsor Rep. Katie Stuart
Assigned to Higher Education Committee
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
Referred to Rules Committee
Third Reading - Passed; 054-000-000
Arrived in House
Chief House Sponsor Rep. Gregg Johnson
First Reading
Second Reading
Placed on Calendar Order of 3rd Reading March 4, 2025
Placed on Calendar Order of 2nd Reading February 20, 2025
Do Pass Higher Education; 013-000-000
Added as Co-Sponsor Sen. Sara Feigenholtz
Added as Co-Sponsor Sen. Mike Porfirio
Assigned to Higher Education
First Reading
Referred to Assignments
Filed with Secretary by Sen. Michael W. Halpin
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Public Act . . . . . . . . . 104-0093
Michael W. Halpin