(110 ILCS 920/3) (from Ch. 144, par. 2403)
Sec. 3.
Definitions.
The following terms shall have the meanings ascribed
to them in this Section unless the context clearly indicates otherwise:
(a) "College Savings Bonds" mean general obligation bonds of the State
issued under the General Obligation Bond Act in accordance with this Act
and designated as General Obligation College Savings Bonds.
(b) "Institution of Higher Education" includes: The University of
Illinois; Southern Illinois University;
Chicago State University; Eastern Illinois University; Governors State
University; Illinois State University; Northeastern Illinois University;
Northern Illinois University; Western Illinois University; the public
community colleges of the State; any public universities, colleges and
community colleges now or hereafter established or authorized by the
General Assembly; any nonpublicly supported postsecondary educational
organization located and authorized to operate in this State which operates
privately, not-for-profit. "Institution of higher education" does not
include any educational organization used for sectarian instruction, as a
place of religious teaching or worship or for any religious denomination or
the training of ministers, priests, rabbis or other professional persons
in the field of religion.
(Source: P.A. 89-4, eff. 1-1-96; 90-372, eff. 7-1-98.)
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