91st General Assembly
Summary of HB3993
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Short description: 
COM COL-AFDC-APPROVE LOAN ARR                                              

Synopsis of Bill as introduced:
        Amends the Public Community College Act. Changes the purposes for      
   which expenditures and distributions from the AFDC Opportunities  Fund      
   shall  be  made  to the Illinois Community College Board.  Removes the      
   requirement that the board of a community college  district  have  the      
   prior  approval  of the Board of Higher Education before entering into      
   an installment loan arrangement with a financial institution  for  the      
   purpose of borrowing money to buy sites and to either buy or build and      
   equip  buildings  and improvements.  Removes the provision that allows      
   the board  of  the  community  college  district  to  enter  into  the      
   installment  loan arrangement for the purpose of transferring funds to      
   the Illinois Building Authority.  Effective immediately.                    
Last action on Bill: PUBLIC ACT.............................. 91-0776

   Last action date: 00-06-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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