(110 ILCS 205/9.11) (from Ch. 144, par. 189.11)
Sec. 9.11. Effective January 1, 1980, to require the preparation of an
annual capital plan which details the proposed budget year and 3 year capital
needs of the Board of Trustees of the University of Illinois, the Board
of Trustees of Southern Illinois University,
the Board of Trustees of Chicago State University, the Board of Trustees of
Eastern Illinois University, the Board of Trustees of Governors State
University, the Board of Trustees of Illinois State University, the Board of
Trustees of Northeastern Illinois University, the Board of Trustees of Northern
Illinois University, and the Board of Trustees of Western Illinois University.
Such plan shall detail capital expenditures to finance revenue producing
facilities through the issuance of revenue bonds. This plan shall detail
each project and the project cost in current dollar amounts. The plan shall
contain the appropriate detail
for the proposed budget year and the 3 year plan which will justify the
projects ability to meet: the debt service requirements by producing sufficient
revenue, life expectancy and maintenance requirements. Such annual capital
plans shall be submitted to the Commission on Government Forecasting and Accountability
no later than March 15th of each year.
(Source: P.A. 93-1067, eff. 1-15-05.)
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