MOORE,ANDREA-CURRIE-SCHOENBERG AND ERWIN. (CRONIN) 110 ILCS 1015/1 from Ch. 144, par. 1301 110 ILCS 1015/3 from Ch. 144, par. 1303 110 ILCS 1015/3.03 from Ch. 144, par. 1303.03 110 ILCS 1015/3.06 from Ch. 144, par. 1303.06 110 ILCS 1015/3.06a from Ch. 144, par. 1303.06a 110 ILCS 1015/3.07c from Ch. 144, par. 1303.07c 110 ILCS 1015/3.08 from Ch. 144, par. 1303.08 110 ILCS 1015/3.10 new 110 ILCS 1015/5.11 from Ch. 144, par. 1305.11 110 ILCS 1015/5.11a new Amends the Illinois Educational Facilities Authority Act. Provides that one of the purposes of the Act is to enable private institutions of higher education and cultural institutions to obtain working capital through financing or refinancing of their accounts receivable or otherwise. Makes changes to the definitions of cost, educational facility, cultural facility, participating institution, and property, and defines "working capital". Allows the Illinois Educational Facilities Authority to make loans to a participating institution for capital needs related to a project. Allows the Authority, in accordance with applicable law, to issue bonds for the purpose of financing working capital for one or more participating institutions. Effective immediately. HOUSE AMENDMENT NO. 1. Adds reference to: 110 ILCS 1015/5.11b new 110 ILCS 1015/5.12 from Ch. 144, par. 1305.12 110 ILCS 1015/5.16 from Ch. 144, par. 1305.16 110 ILCS 1015/24 from Ch. 144, par. 1324 Deletes everything after the enacting clause. Reinserts the contents of the bill, and adds provisions allowing the Illinois Educational Facilities Authority to issue bonds for the purpose of purchasing, leasing, or otherwise acquiring, financing, selling, or transferring commodities or other property for a participating institution, to make loans to a participating institution to refund outstanding obligations or advances for working capital, to issue bonds for the purpose of refunding or refinancing the outstanding indebtedness of a participating institution if incurred for the purpose of acquiring working capital, and to issue bonds for the purpose of purchasing the securities of a participating institution for the financing of working capital or other related capital needs. Also removes a provision that limits the principal amount of bonds for the purchase of securities. Effective immediately. 99-02-17 H FILED WITH CLERK 99-02-17 H ADDED AS A JOINT SPONSOR CURRIE 99-02-17 H FIRST READING 99-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-18 H ASSIGNED TO COMMITTEE HIGHER ED 99-02-18 H JOINT-SPONSOR CHANGED TO SCHOENBERG 99-03-04 H AMENDMENT NO. 01-HIGHER ED H 99-03-04 H ADOPTED 99-03-04 H DO PASS AMENDED/SHORT DEBATE 014-000-000 HHED 99-03-04 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-03-11 H SECOND READING-SHORT DEBATE 99-03-11 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-12 H THIRD READING/SHORT DEBATE/PASSED 115-000-000 99-03-16 S ARRIVE IN SENATE 99-03-16 S PLACED CALENDAR ORDER OF FIRST READING 99-03-17 99-03-19 H ADDED AS A CO-SPONSOR ERWIN 99-03-24 S CHIEF SPONSOR CRONIN 99-03-24 S FIRST READING 99-03-24 S REFERRED TO SENATE RULES COMMITTEE RULES 99-04-27 S ASSIGNED TO COMMITTEE EDUCATION 99-05-05 S DO PASS 010-000-000 SESE 99-05-05 S PLACED ON CALENDAR ORDER OF 2ND READING 99-05-06 99-05-06 S SECOND READING 99-05-06 S PLACED ON CALENDAR ORDER OF 3RD READING 99-05-07 99-05-12 S FILED WITH SECRETARY 99-05-12 S AMENDMENT NO. 01-CRONIN 99-05-12 S AMENDMENT REFERRED TO SRUL 99-05-12 S AMENDMENT NO. 01-CRONIN 99-05-12 S RULES REFERS TO SESE 99-05-12 S AMENDMENT NO. 01-CRONIN 99-05-12 S POSTPONED SESE 99-05-13 S THIRD READING - PASSED 059-000-000 99-05-13 S TABLED PURSUANT TO RULE 5-4(A) SA 01 99-05-13 S THIRD READING - PASSED 059-000-000 99-05-13 H PASSED BOTH HOUSES 99-06-11 H SENT TO THE GOVERNOR 99-08-06 H GOVERNOR APPROVED 99-08-06 H EFFECTIVE DATE 99-08-06 99-08-06 H PUBLIC ACT.............................. 91-0431 END OF INQUIRY Full Text Bill Summary