(30 ILCS 105/6z-33)
State Universities Athletic Capital Improvement
(a) The State Universities Athletic Capital Improvement Fund is created
as a special fund in the State Treasury. Money shall be deposited into the
Fund as provided by law.
(b) Money in the Fund may be used, subject to appropriation, by the Board of
Higher Education for the purpose of making grants to public universities for
capital improvements and renovations to their athletic facilities and for no
other purpose. The Board of Higher Education shall establish priorities for
the distribution and use of the money in the Fund. Money in the Fund may not
be pledged for the repayment of bonds, notes, or other instruments of
indebtedness or the interest thereon. Upon completion of a project, any money
allocated or distributed from the Fund for that project which is in excess of
the amount needed to complete the project shall be returned to the Fund.
(Source: P.A. 89-133, eff. 1-1-96; 89-626, eff. 8-9-96.)