Illinois General Assembly - Bill Status for SB1656

Creates the Higher Education Facility Naming Act. Prohibits the board of trustees of a public institution of higher education from entering into any severance agreement, contract buyout, or other such agreement with the president or chancellor of the public institution of higher education if a condition of the agreement requires naming a building, a program, a road, a park, or any other property owned by the public institution of higher education after or in honor of the departing president or chancellor. Provides that the board of trustees of a community college district must immediately provide public notice of any severance agreement, contract buyout, or any other such agreement entered into with the president or chancellor of a community college within the last 2 years before the effective date of the Act if a condition of the agreement requires naming a building, a program, a road, a park, or any other property owned by the community college after or in honor of the departing president or chancellor. Requires notice to be provided by posting the naming agreement on the Internet website of the community college for 30 days. Provides that, within the 30-day period, a petition may be filed with the board objecting to the naming agreement, signed by 5% of the eligible voters that reside within the community college district, and if such a petition is filed, the naming agreement is null and void. Effective immediately.

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