SB1310 - 104th General Assembly
WIU-BORROW MONEY
Senate Sponsors
Sen. Michael W. Halpin - Kimberly A. Lightford, Sara Feigenholtz and Mike Porfirio
House Sponsors
(Rep. Gregg Johnson - Dan Swanson and Katie Stuart)
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Western Illinois University Law. Provides that the Board of Trustees of Western Illinois University shall have the power and duty to borrow money for any lawful purpose from the WIU Foundation or any financial institution, as long as such money is repaid within 5 years from the time the money is borrowed. Provides that the amount outstanding from time to time may not exceed $2,000,000. Requires the chairperson, comptroller, or treasurer of the Board to execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/28/2025 | Senate | Filed with Secretary by Sen. Michael W. Halpin |
| 1/28/2025 | Senate | First Reading |
| 1/28/2025 | Senate | Referred to Assignments |
| 2/11/2025 | Senate | Assigned to Higher Education |
| 2/18/2025 | Senate | Added as Co-Sponsor Sen. Sara Feigenholtz |
| 2/18/2025 | Senate | Added as Co-Sponsor Sen. Mike Porfirio |
| 2/19/2025 | Senate | Do Pass Higher Education; 013-000-000 |
| 2/19/2025 | Senate | Placed on Calendar Order of 2nd Reading February 20, 2025 |
| 2/27/2025 | Senate | Second Reading |
| 2/27/2025 | Senate | Placed on Calendar Order of 3rd Reading March 4, 2025 |
| 4/09/2025 | Senate | Third Reading - Passed; 054-000-000 |
| 4/09/2025 | House | Arrived in House |
| 4/09/2025 | House | Chief House Sponsor Rep. Gregg Johnson |
| 4/09/2025 | House | First Reading |
| 4/09/2025 | House | Referred to Rules Committee |
| 4/11/2025 | Senate | Added as Chief Co-Sponsor Sen. Kimberly A. Lightford |
| 4/17/2025 | House | Assigned to Higher Education Committee |
| 4/21/2025 | House | Added Alternate Co-Sponsor Rep. Katie Stuart |
| 4/23/2025 | House | Do Pass / Short Debate Higher Education Committee; 010-000-000 |
| 4/24/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 5/13/2025 | House | Second Reading - Short Debate |
| 5/13/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 5/21/2025 | House | Third Reading - Short Debate - Passed 110-000-000 |
| 5/21/2025 | Senate | Passed Both Houses |
| 5/21/2025 | House | Added Alternate Chief Co-Sponsor Rep. Dan Swanson |
| 6/18/2025 | Senate | Sent to the Governor |
| 8/01/2025 | Senate | Governor Approved |
| 8/01/2025 | Senate | Effective Date January 1, 2026 |
| 8/01/2025 | Senate | Public Act . . . . . . . . . 104-0093 |