State of Illinois
91st General Assembly
Legislation

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91_HB3993enr

 
HB3993 Enrolled                                LRB9112503NTsb

 1        AN ACT to amend  the  Public  Community  College  Act  by
 2    changing Sections 2-16.03 and 3-37.

 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:

 5        Section 5.  The Public Community College Act  is  amended
 6    by changing Sections 2-16.03 and 3-37 as follows:

 7        (110 ILCS 805/2-16.03) (from Ch. 122, par. 102-16.2)
 8        Sec.  2-16.03.  The  AFDC  Opportunities  Fund  is hereby
 9    created in the State Treasury.  Each  month  there  shall  be
10    transferred  into  that Fund as provided in subsection (d) of
11    Section 12-10.3 of the Illinois Public Aid Code  all  amounts
12    credited  for  deposit in the special account established and
13    maintained in the Employment and Training Fund as provided in
14    Section 12-5 of the Illinois Public Aid Code.
15        Expenditures   and   distributions    from    the    AFDC
16    Opportunities Fund shall be made by the State Board, pursuant
17    to  appropriations  made  by  the  General Assembly from that
18    Fund, for grants to public community colleges  for  costs  of
19    work  force  training  and technology services rendered under
20    the federal programs and for the operating expenses made  and
21    incurred by the State Board in connection with these purposes
22    the exercise of its responsibilities with the JOBS program in
23    this State.
24    (Source: P.A. 87-860; 88-45.)

25        (110 ILCS 805/3-37) (from Ch. 122, par. 103-37)
26        Sec.  3-37.  To  build,  buy  or lease suitable buildings
27    upon a site approved by the State Board and issue  bonds,  in
28    the  manner  provided  in  Article  IIIA,  or, with the prior
29    approval of the Board of Higher Education  and  the  Illinois
30    Community  College  Board,  enter  into  an  installment loan
 
HB3993 Enrolled             -2-                LRB9112503NTsb
 1    arrangement with  a  financial  institution  with  a  payback
 2    period  of  less than 20 years provided the board has entered
 3    into  a  contractual  agreement  which  provides   sufficient
 4    revenue  to  pay  such  loan  in full from sources other than
 5    local taxes, tuition, or State appropriations and to  provide
 6    adequate additional operation and maintenance funding for the
 7    term  of the agreement, for the purpose of borrowing money to
 8    buy sites and to either  or  both  buy  or  build  and  equip
 9    buildings   and   improvements,   and   for  the  purpose  of
10    transferring funds to the Illinois Building Authority.
11        Any provision in a contractual agreement providing for an
12    installment loan agreement authorized by  this  Section  that
13    obligates  the State of Illinois is against public policy and
14    shall be null and void.
15    (Source: P.A. 83-576.)

16        Section 99.  Effective date.  This Act takes effect  upon
17    becoming law.

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