SB 1310

Illinois Senate bill in Session 104.

Status: enacted. Latest action: August 1, 2025.

WIU-BORROW MONEY.

Bill ID IL-104-SB-1310
Session 104
Status enacted
Senate enacted 2025-08-01
Education
Summary

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.

Sponsor
Michael W. Halpin
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-28 Introduced Bill introduced
2025-08-01 Status enacted
2025-08-01 Latest Action 8/01/2025 - Senate:
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