SB 1310

  • Illinois Senate Bill
  • 104th Regular Session
  • Introduced in Senate Apr 09, 2025
  • Passed Senate Apr 09, 2025
  • Passed House May 21, 2025
  • Became Law Aug 01, 2025

Wiu-Borrow Money

Abstract

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.

Bill Sponsors (7)

Votes


Actions


Aug 01, 2025

Senate

Public Act . . . . . . . . . 104-0093

Senate

Governor Approved

Senate

Effective Date January 1, 2026

Jun 18, 2025

Senate

Sent to the Governor

May 21, 2025

House

Third Reading - Short Debate - Passed 110-000-000

House

Added Alternate Chief Co-Sponsor Rep. Dan Swanson

Senate

Passed Both Houses

May 13, 2025

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

Apr 24, 2025

House

Placed on Calendar 2nd Reading - Short Debate

Apr 23, 2025

House

Do Pass / Short Debate Higher Education Committee; 010-000-000

Apr 21, 2025

House

Added Alternate Co-Sponsor Rep. Katie Stuart

Apr 17, 2025

House

Assigned to Higher Education Committee

Apr 11, 2025

Senate

Added as Chief Co-Sponsor Sen. Kimberly A. Lightford

Apr 09, 2025

House

Referred to Rules Committee

Senate

Third Reading - Passed; 054-000-000

House

Arrived in House

House

Chief House Sponsor Rep. Gregg Johnson

House

First Reading

Feb 27, 2025

Senate

Second Reading

Senate

Placed on Calendar Order of 3rd Reading March 4, 2025

Feb 19, 2025

Senate

Placed on Calendar Order of 2nd Reading February 20, 2025

Senate

Do Pass Higher Education; 013-000-000

Feb 18, 2025

Senate

Added as Co-Sponsor Sen. Sara Feigenholtz

Senate

Added as Co-Sponsor Sen. Mike Porfirio

Feb 11, 2025

Senate

Assigned to Higher Education

Jan 28, 2025

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Michael W. Halpin

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
Enrolled HTML PDF

Related Documents

Document Format
Public Act

Sources

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