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Higher Ed-participation Cert

This bill failed and is no longer moving.

IL SB 3553 · Senate Bill · 98th

Stage
Failed
Started in
Senate
Sponsor
Michael W. Frerichs
Latest action
Jan 13, 2015

What it does

Amends the State University Certificates of Participation Act. Provides that the board of trustees of a State university has the power to enter into financing agreements in connection with the financing or refinancing (instead of just the financing) of capital improvements by selling certificates of participation in the installment payments made under such financing agreements; makes a related change. Provides that a State university must present to the Commission on Government Forecasting and Accountability information on the amount being financed or refinanced (instead of just financed), the nature of the project being financed or refinanced (instead of just financed), and the status of…

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Where it stands

This bill failed and is no longer moving.

Failed

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HIGHER ED-PARTICIPATION CERT | 52