HB0619 97TH GENERAL ASSEMBLY

LRB097 03447 NHT 43484 b

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.

A BILL FOR

AN ACT concerning education.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Governors State University Revenue Bond Law is amended by changing Section 16-40 as follows:

(110 ILCS 671/16-40)

Sec. 16-40. Prohibitions Against Obligating the State of Illinois. Nothing in this Article shall be construed to authorize the the Board or the University to contract a debt on behalf of, or in any way to obligate, the State of Illinois, or to pledge, assign or encumber in any way, or to permit the pledging, assigning or encumbering in any way, of appropriations made by the General Assembly of the State of Illinois.

(Source: P.A. 89-4, eff. 1-1-96.)