97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0619

 

Introduced 01/31/11, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
110 ILCS 671/16-40

    Amends the Governors State University Revenue Bond Law. Makes a technical change in a Section concerning prohibitions against obligating the State.


LRB097 03447 NHT 43484 b

 

 

A BILL FOR

 

HB0619LRB097 03447 NHT 43484 b

1    AN ACT concerning education.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Governors State University Revenue Bond Law
5is amended by changing Section 16-40 as follows:
 
6    (110 ILCS 671/16-40)
7    Sec. 16-40. Prohibitions Against Obligating the State of
8Illinois. Nothing in this Article shall be construed to
9authorize the the Board or the University to contract a debt on
10behalf of, or in any way to obligate, the State of Illinois, or
11to pledge, assign or encumber in any way, or to permit the
12pledging, assigning or encumbering in any way, of
13appropriations made by the General Assembly of the State of
14Illinois.
15(Source: P.A. 89-4, eff. 1-1-96.)