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Public Act 91-0776
HB3993 Enrolled LRB9112503NTsb
AN ACT to amend the Public Community College Act by
changing Sections 2-16.03 and 3-37.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Public Community College Act is amended
by changing Sections 2-16.03 and 3-37 as follows:
(110 ILCS 805/2-16.03) (from Ch. 122, par. 102-16.2)
Sec. 2-16.03. The AFDC Opportunities Fund is hereby
created in the State Treasury. Each month there shall be
transferred into that Fund as provided in subsection (d) of
Section 12-10.3 of the Illinois Public Aid Code all amounts
credited for deposit in the special account established and
maintained in the Employment and Training Fund as provided in
Section 12-5 of the Illinois Public Aid Code.
Expenditures and distributions from the AFDC
Opportunities Fund shall be made by the State Board, pursuant
to appropriations made by the General Assembly from that
Fund, for grants to public community colleges for costs of
work force training and technology services rendered under
the federal programs and for the operating expenses made and
incurred by the State Board in connection with these purposes
the exercise of its responsibilities with the JOBS program in
this State.
(Source: P.A. 87-860; 88-45.)
(110 ILCS 805/3-37) (from Ch. 122, par. 103-37)
Sec. 3-37. To build, buy or lease suitable buildings
upon a site approved by the State Board and issue bonds, in
the manner provided in Article IIIA, or, with the prior
approval of the Board of Higher Education and the Illinois
Community College Board, enter into an installment loan
arrangement with a financial institution with a payback
period of less than 20 years provided the board has entered
into a contractual agreement which provides sufficient
revenue to pay such loan in full from sources other than
local taxes, tuition, or State appropriations and to provide
adequate additional operation and maintenance funding for the
term of the agreement, for the purpose of borrowing money to
buy sites and to either or both buy or build and equip
buildings and improvements, and for the purpose of
transferring funds to the Illinois Building Authority.
Any provision in a contractual agreement providing for an
installment loan agreement authorized by this Section that
obligates the State of Illinois is against public policy and
shall be null and void.
(Source: P.A. 83-576.)
Section 99. Effective date. This Act takes effect upon
becoming law.
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