HB 2399

Abstract

Amends the Northern Illinois University Law. Adds specified parcels not located on or adjacent to Northern Illinois University that the Board of Trustees may acquire, sublease or contract to purchase, or sell without compliance with the State Property Control Act and retain the proceeds in its development fund account. Provides that, in addition to other purposes, revenues from the development fund account may be withdrawn by the University for the purpose of repairs to existing campus facilities and infrastructure and professional services associated with planning and design. Removes provisions allowing revenues from the fund to be used for routine land and property acquisition, extension of utilities, streetscape work, landscape work, surface and structure parking, sidewalks, recreational paths, and street construction, and lease and lease purchase arrangements and the professional services associated with the planning and development of the area. Effective immediately.