SB 642 — EDUCATION-TECH

NoThe borrowing underlimit thiscap provision shall be allowedverified afterby AugustState 31,Comptroller's 2010.office not prior to 45 days before any estimated date for executing any promissory note or line of SB0642 Enrolled - 19 - LRB096 06697 NHT 16781 b credit established under this item 13.

The principal amount borrowed moneysunder shalla bepromissory appliednote toor theline purposesof forcredit whichshall thenot anticipatedexceed moneys75% areof lawfullythe available.borrowing limit.

TheWithin Chairman15 days after borrowing funds under any promissory note or Treasurerline of credit established under this item 13, the BoardUniversity shall SB0642submit Engrossedto -the 18Governor's -Office LRB096of 06697Management NHTand 16781Budget, bthe executeSpeaker aof promissorythe noteHouse orof similarRepresentatives, debtthe instrumentMinority toLeader evidenceof the indebtednessHouse incurredof byRepresentatives, the borrowing.President of the Senate, and Minority Leader of the Senate, an Emergency Short Term Cash Management Plan.

InThe connectionEmergency withShort aTerm borrowing,Cash Management Plan shall outline the Boardamount mayborrowed, establishthe aterms linefor repayment, the amount of creditoutstanding withState vouchers as verified by the State Comptroller's office, and the University's plan for expenditure of any borrowed funds, including, but not limited to, a financialdetailed institution.plan to meet payroll obligations to include collective bargaining employees, civil service employees, and academic, research, and health care personnel.

The obligationestablishment toof makeany the payments due under the promissory note or otherline debtof instrumentcredit shallestablished beunder athis lawfulitem obligation13 ofmust thebe Universityfinalized payablewithin from90 thedays anticipatedafter moneysthe aseffective setdate forthof inthis theamendatory resolutionAct authorizingof the same.96th General Assembly.

The borrowed moneys shall be applied to the purposes of paying salaries and other expenses lawfully authorized in the University's State appropriation and unpaid by the State Comptroller.

Any line of credit established under this item 13 shall be paid in full one SB0642 Enrolled - 20 - LRB096 06697 NHT 16781 b year after creation or within 10 days after the date the University receives reimbursement from the State for all submitted fiscal year 2010 vouchers, whichever is earlier.

Any promissory note established under this item 13 shall be repaid within one year after issuance of the note.

The Chairman, Comptroller, or Treasurer of the Board shall execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.

In connection with a borrowing, the Board may establish a line of credit with a financial institution, investment bank, or broker/dealer.

The obligation to make the payments due under any promissory note or line of credit established under this item 13 shall be a lawful obligation of the University payable from the anticipated moneys.

The promissory note or otherline debtof instrumentcredit shall be authorized by a resolution passed by the Board and shall be valid whether or not a budgeted item with respect to that resolution is included in any annual or supplemental budget adopted by the Board.

The resolution shall set forth facts demonstrating the need for the borrowing, state an amount that the amount to be borrowed will not exceed, and establish a maximum interest rate limit not to exceed the maximum rate authorized by the Bond Authorization Act,Act andor provide9%, awhichever dateis byless. which the borrowed funds shall be repaid.

The resolution SB0642 Enrolled - 21 - LRB096 06697 NHT 16781 b may direct the Comptroller or Treasurer of the Board to make arrangements to set apart and hold the portion of the anticipated moneys, as received, that shall be used to repay the borrowing, subject to any prior pledges or restrictions with respect to the anticipated moneys.

The resolution may also SB0642 Engrossed - 19 - LRB096 06697 NHT 16781 b authorize the Treasurer of the Board to make partial repayments of the borrowing as the anticipated moneys become available and may contain any other terms, restrictions, or limitations not inconsistent with the powers of the Board.

For the purposes of this item 13, "financial institution" means any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, and any federally chartered commercial bank or savings and loan association or government-sponsored enterprise organized and operated in this State pursuant to the laws of the United States.

The Board also shall have SB0642 Enrolled - 22 - LRB096 06697 NHT 16781 b power and it shall be its duty:

(2) To employ, and, for good cause, to remove a President SB0642 Engrossed - 20 - LRB096 06697 NHT 16781 b of Chicago State University, and all necessary deans, professors, associate professors, assistant professors, instructors, other educational and administrative assistants, and all other necessary employees, and to prescribe their duties and contract with them upon matters relating to tenure, salaries and retirement benefits in accordance with the State Universities Civil Service Act.

(3) To prescribe the courses of study to be followed, and SB0642 Enrolled - 23 - LRB096 06697 NHT 16781 b textbooks and apparatus to be used at Chicago State University;

(4) To issue upon the recommendation of the faculty, diplomas to such persons as have satisfactorily completed the required studies of Chicago State University, and confer such professional and literary degrees as are usually conferred by SB0642 Engrossed - 21 - LRB096 06697 NHT 16781 b other institutions of like character for similar or equivalent courses of study, or such as the Board may deem appropriate;

(6) To succeed to and to administer all trusts, trust property, and gifts now or hereafter belonging or pertaining to SB0642 Enrolled - 24 - LRB096 06697 NHT 16781 b Chicago State University;

(7) To accept endowments of professorships or departments in Chicago State University from any person who may proffer them and, at regular meetings, to prescribe rules and regulations in relation to endowments and declare on what SB0642 Engrossed - 22 - LRB096 06697 NHT 16781 b general principles they may be accepted;

Members of the Police Department shall be conservators of the peace and as such have all powers possessed by policemen in cities, and sheriffs, including the power to make arrests on view or warrants of violations of State statutes, University rules and regulations and city or county SB0642 Enrolled - 25 - LRB096 06697 NHT 16781 b ordinances, except that they may exercise such powers only within counties wherein Chicago State University and any of its branches or properties are located when such is required for the protection of University properties and interests, and its students and personnel, and otherwise, within such counties, SB0642 Engrossed - 23 - LRB096 06697 NHT 16781 b when requested by appropriate State or local law enforcement officials.

The Board may lease to nonprofit corporations SB0642 Enrolled - 26 - LRB096 06697 NHT 16781 b all or any part of the land, buildings, facilities, equipment or other property included in a research and high technology park upon such terms and conditions as the Board may deem advisable and enter into any contract or agreement with such nonprofit corporations as may be necessary or suitable for the SB0642 Engrossed - 24 - LRB096 06697 NHT 16781 b construction, financing, operation and maintenance and management of any such park;

and may make its other facilities and services available to tenants or other occupants of any such park at rates which are reasonable and appropriate.appropriate ;

(13) To borrow money, as necessary, from time to time in anticipation of receiving tuition, payments from the State of Illinois, or other revenues or receipts of the University, also known as anticipated moneys;moneys.

providedThe thatborrowing thelimit money shall be repaidcapped withinat 12100% monthsof after the timetotal theamount moneyof ispayroll borrowed and theother amountexpense borrowedSB0642 shallEnrolled not- exceed27 75%- ofLRB096 the06697 totalNHT amount16781 ofb payrollvouchers submitted and otherpayable expenseto vouchersthe submitted,University butfor unpaidfiscal atyear the2010 Comptroller'sexpenses, Office,but 30unpaid daysat prior to the anticipatedState borrowing.Comptroller's office.

ThePrior borrowedto moneysborrowing shallany befunds, applied only for the purposesUniversity ofshall payingrequest salariesfrom andthe otherComptroller's expensesoffice SB0642a Engrossedverification -of 25the -borrowing LRB096limit 06697and NHTshall 16781include bthe lawfullyestimated authorizeddate inon thewhich University'ssuch Stateborrowing appropriation.shall occur.

NoThe borrowing underlimit thiscap provision shall be allowedverified afterby AugustState 31,Comptroller's 2010.office not prior to 45 days before any estimated date for executing any promissory note or line of credit established under this item (13).

The principal amount borrowed moneysunder shalla bepromissory appliednote toor theline purposesof forcredit whichshall thenot anticipatedexceed moneys75% areof lawfullythe available.borrowing limit.

TheWithin Chairman15 days after borrowing funds under any promissory note or Treasurerline of credit established under this item (13), the BoardUniversity shall executesubmit ato promissorythe noteGovernor's orOffice similarof debtManagement instrumentand toBudget, evidencethe Speaker of the indebtednessHouse incurredof byRepresentatives, the borrowing.Minority Leader of the House of Representatives, the President of the Senate, and Minority Leader of the Senate, an Emergency Short Term Cash Management Plan.

InThe connectionEmergency withShort aTerm borrowing,Cash Management Plan shall outline the Boardamount mayborrowed, establishthe aterms linefor repayment, the amount of creditoutstanding withState vouchers as verified by the State Comptroller's office, and the University's plan for expenditure of any borrowed funds, including, but not limited to, a financialdetailed institution.plan to meet payroll obligations to include collective bargaining employees, civil service employees, and academic, research, and health care personnel.

The obligationestablishment toof makeany thepromissory paymentsnote dueor underline theof promissorycredit noteSB0642 orEnrolled other- debt28 instrument- shallLRB096 be06697 aNHT lawful16781 obligationb ofestablished theunder Universitythis payableitem from(13) themust anticipatedbe moneysfinalized aswithin set90 forthdays inafter the resolutioneffective authorizingdate of this amendatory Act of the same.96th General Assembly.

The borrowed moneys shall be applied to the purposes of paying salaries and other expenses lawfully authorized in the University's State appropriation and unpaid by the State Comptroller.

Any line of credit established under this item (13) shall be paid in full one year after creation or within 10 days after the date the University receives reimbursement from the State for all submitted fiscal year 2010 vouchers, whichever is earlier.

Any promissory note established under this item (13) shall be repaid within one year after issuance of the note.

The Chairman, Comptroller, or Treasurer of the Board shall execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.

In connection with a borrowing, the Board may establish a line of credit with a financial institution, investment bank, or broker/dealer.

The obligation to make the payments due under any promissory note or line of credit established under this item (13) shall be a lawful obligation of the University payable from the anticipated moneys.

The promissory note or otherline debtof instrumentcredit shall be authorized by a resolution passed by the Board and shall be valid whether or not a budgeted item with respect to that resolution is included in any annual or supplemental budget SB0642 Enrolled - 29 - LRB096 06697 NHT 16781 b adopted by the Board.

The resolution shall set forth facts demonstrating the need for the borrowing, state an amount that the amount to be borrowed will not exceed, and establish a maximum interest rate limit not to exceed the maximum rate authorized by the Bond Authorization Act,Act andor provide9%, awhichever dateis byless. which the borrowed funds shall be repaid.

The resolution may direct the Comptroller or Treasurer of the Board to make arrangements to set SB0642 Engrossed - 26 - LRB096 06697 NHT 16781 b apart and hold the portion of the anticipated moneys, as received, that shall be used to repay the borrowing, subject to any prior pledges or restrictions with respect to the anticipated moneys.

For the purposes of this item (13), "financial institution" means any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, and any federally chartered commercial bank or savings and loan association or government-sponsored enterprise organized and operated in this State pursuant to the laws of the United States.

SB0642 Enrolled - 30 - LRB096 06697 NHT 16781 b (110 ILCS 665/10-45) Sec.

SB0642 Engrossed - 27 - LRB096 06697 NHT 16781 b (2) To employ, and, for good cause, to remove a President of Eastern Illinois University, and all necessary deans, professors, associate professors, assistant professors, instructors, other educational and administrative assistants, and all other necessary employees, and to prescribe their duties and contract with them upon matters relating to tenure, salaries and retirement benefits in accordance with the State Universities Civil Service Act.

Under such arrangement, an amount shall be SB0642 Enrolled - 31 - LRB096 06697 NHT 16781 b withheld from each regular payroll period which is equal to the pro rata share of the annual dues plus any payments or contributions, and the Board shall transmit such withholdings to the specified labor organization within 10 working days from the time of the withholding.

SB0642 Engrossed - 28 - LRB096 06697 NHT 16781 b (4) To issue upon the recommendation of the faculty, diplomas to such persons as have satisfactorily completed the required studies of Eastern Illinois University, and confer such professional and literary degrees as are usually conferred by other institutions of like character for similar or equivalent courses of study, or such as the Board may deem appropriate.

The expense of the building, improving, repairing and supplying fuel and furniture and the necessary appliances SB0642 Enrolled - 32 - LRB096 06697 NHT 16781 b and apparatus for conducting Eastern Illinois University, the reimbursed expenses of members of the Board, and the salaries or compensation of the President, assistants, agents and other employees of Eastern Illinois University, shall be a charge upon the State Treasury.

(6) To succeed to and to administer all trusts, trust SB0642 Engrossed - 29 - LRB096 06697 NHT 16781 b property, and gifts now or hereafter belonging or pertaining to Eastern Illinois University.

(10) To provide for the receipt and expenditures of Federal funds paid to Eastern Illinois University by the Federal government for instruction and other services for SB0642 Enrolled - 33 - LRB096 06697 NHT 16781 b persons serving in or with the military or naval forces of the United States, and to provide for audits of such funds.

Members of the Police Department shall be conservators of the peace and as such have all powers possessed by policemen in cities, and sheriffs, including the power to make arrests on view or SB0642 Engrossed - 30 - LRB096 06697 NHT 16781 b warrants of violations of State statutes, University rules and regulations and city or county ordinances, except that they may exercise such powers only within counties wherein Eastern Illinois University and any of its branches or properties are located when such is required for the protection of University properties and interests, and its students and personnel, and otherwise, within such counties, when requested by appropriate State or local law enforcement officials.

SB0642 Enrolled - 34 - LRB096 06697 NHT 16781 b (12) To borrow money, as necessary, from time to time in anticipation of receiving tuition, payments from the State of Illinois, or other revenues or receipts of the University, also known as anticipated moneys;moneys.

providedThe thatborrowing thelimit money shall be repaidcapped withinat 12100% months after the time the money is borrowed and the amount borrowed shall not exceed 75% of the total amount of payroll and other expense vouchers submitted,submitted butand unpaidpayable atto the SB0642University Engrossedfor -fiscal 31year -2010 LRB096expenses, 06697but NHTunpaid 16781at b Comptroller's Office, 30 days prior to the anticipatedState borrowing.Comptroller's office.

ThePrior borrowedto moneysborrowing shallany befunds, appliedthe onlyUniversity forshall request from the purposesComptroller's office a verification of payingthe salariesborrowing limit and othershall expensesinclude lawfullythe authorizedestimated indate theon University'swhich Statesuch appropriation.borrowing shall occur.

NoThe borrowing underlimit thiscap provision shall be allowedverified afterby AugustState 31,Comptroller's 2010.office not prior to 45 days before any estimated date for executing any promissory note or line of credit established under this item (12).

The principal amount borrowed moneysunder shalla bepromissory appliednote toor theline purposesof forcredit whichshall thenot anticipatedexceed moneys75% areof lawfullythe available.borrowing limit.

TheWithin Chairman15 days after borrowing funds under any promissory note or Treasurerline of credit established under this item (12), the BoardUniversity shall executesubmit ato promissorythe noteGovernor's orOffice similarof debtManagement instrumentand toBudget, evidencethe Speaker of the indebtednessHouse incurredof byRepresentatives, the borrowing.Minority Leader of the House of Representatives, the President of the Senate, and Minority Leader of the Senate, an Emergency Short Term Cash Management Plan.

InThe connectionEmergency withShort aTerm borrowing,Cash Management Plan shall outline the Boardamount mayborrowed, establishthe aterms linefor repayment, the amount of creditSB0642 withEnrolled - 35 - LRB096 06697 NHT 16781 b outstanding State vouchers as verified by the State Comptroller's office, and the University's plan for expenditure of any borrowed funds, including, but not limited to, a financialdetailed institution.plan to meet payroll obligations to include collective bargaining employees, civil service employees, and academic, research, and health care personnel.

The obligationestablishment toof makeany the payments due under the promissory note or otherline debtof instrumentcredit shallestablished beunder athis lawfulitem obligation(12) ofmust thebe Universityfinalized payablewithin from90 thedays anticipatedafter moneysthe aseffective setdate forthof inthis theamendatory resolutionAct authorizingof the same.96th General Assembly.

The borrowed moneys shall be applied to the purposes of paying salaries and other expenses lawfully authorized in the University's State appropriation and unpaid by the State Comptroller.

Any line of credit established under this item (12) shall be paid in full one year after creation or within 10 days after the date the University receives reimbursement from the State for all submitted fiscal year 2010 vouchers, whichever is earlier.

Any promissory note established under this item (12) shall be repaid within one year after issuance of the note.

The Chairman, Comptroller, or Treasurer of the Board shall execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.

In connection with a borrowing, the Board may establish a line of credit with a financial institution, investment bank, or broker/dealer.

The obligation to make the payments due under any promissory SB0642 Enrolled - 36 - LRB096 06697 NHT 16781 b note or line of credit established under this item (12) shall be a lawful obligation of the University payable from the anticipated moneys.

The promissory note or otherline debtof instrumentcredit shall be authorized by a resolution passed by the Board and shall be valid whether or not a budgeted item with respect to that resolution is included in any annual or supplemental budget adopted by the Board.

The resolution shall set forth facts demonstrating the need for the borrowing, state an amount that the amount to be borrowed will not exceed, and establish a maximum interest rate SB0642 Engrossed - 32 - LRB096 06697 NHT 16781 b limit not to exceed the maximum rate authorized by the Bond Authorization Act,Act andor provide9%, awhichever dateis byless. which the borrowed funds shall be repaid.

The resolution may direct the Comptroller or Treasurer of the Board to make arrangements to set apart and hold the portion of the anticipated moneys, as received, that shall be used to repay the borrowing, subject to any prior pledges or restrictions with respect to the anticipated moneys.

For the purposes of this item (12), "financial SB0642 Enrolled - 37 - LRB096 06697 NHT 16781 b institution" means any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, and any federally chartered commercial bank or savings and loan association or government-sponsored enterprise organized and operated in this State pursuant to the laws of the United States.

(b) The Board may, directly or in cooperation with other institutions of higher education, acquire by purchase or lease or otherwise, and construct, enlarge, improve, equip, complete, operate, control and manage research and high technology parks, together with the necessary lands, buildings, facilities, equipment, and personal property SB0642 Engrossed - 33 - LRB096 06697 NHT 16781 b therefor, to encourage and facilitate (i) the location and development of business and industry in the State of Illinois, and (ii) the increased application and development of technology, and (iii) the improvement and development of the State's economy.

and may lease to any person, firm, partnership or corporation, either public or private, any part or all of the land, building, facilities, equipment or other SB0642 Enrolled - 38 - LRB096 06697 NHT 16781 b property of such park for such purposes and upon such rentals, terms and conditions as the Board may deem advisable;

SB0642 Engrossed - 34 - LRB096 06697 NHT 16781 b (c) The Board may sell the following described property without compliance with the State Property Control Act and retain the proceeds in the University treasury in a special, separate development fund account that the Auditor General shall examine to assure compliance with this Law:

1-1-01.) SB0642 Enrolled - 39 - LRB096 06697 NHT 16781 b Section 25.

(2) To employ, and, for good cause, to remove a President of Governors State University, and all necessary deans, professors, associate professors, assistant professors, SB0642 Engrossed - 35 - LRB096 06697 NHT 16781 b instructors, other educational and administrative assistants, and all other necessary employees, and to prescribe their duties and contract with them upon matters relating to tenure, salaries and retirement benefits in accordance with the State Universities Civil Service Act.

Under such arrangement, an amount shall be withheld from each regular SB0642 Enrolled - 40 - LRB096 06697 NHT 16781 b payroll period which is equal to the pro rata share of the annual dues plus any payments or contributions, and the Board shall transmit such withholdings to the specified labor organization within 10 working days from the time of the withholding;

(4) To issue upon the recommendation of the faculty, diplomas to such persons as have satisfactorily completed the required studies of Governors State University, and confer such professional and literary degrees as are usually conferred by SB0642 Engrossed - 36 - LRB096 06697 NHT 16781 b other institutions of like character for similar or equivalent courses of study, or such as the Board may deem appropriate;

The expense of the building, improving, repairing and supplying fuel and furniture and the necessary appliances and apparatus for conducting Governors State University, the reimbursed expenses of members of the Board, and the salaries or SB0642 Enrolled - 41 - LRB096 06697 NHT 16781 b compensation of the President, assistants, agents and other employees of Governors State University, shall be a charge upon the State Treasury.

(7) To accept endowments of professorships or departments in Governors State University from any person who may proffer them and, at regular meetings, to prescribe rules and regulations in relation to endowments and declare on what SB0642 Engrossed - 37 - LRB096 06697 NHT 16781 b general principles they may be accepted;

(10) To provide for the receipt and expenditures of Federal SB0642 Enrolled - 42 - LRB096 06697 NHT 16781 b funds paid to Governors State University by the Federal government for instruction and other services for persons serving in or with the military or naval forces of the United States, and to provide for audits of such funds;

Members of the Police Department shall be conservators of the peace and as such have all powers possessed by policemen in cities, and sheriffs, including the power to make arrests on view or warrants of violations of State statutes, University rules and regulations and city or county ordinances, except that they may exercise such powers only SB0642 Engrossed - 38 - LRB096 06697 NHT 16781 b within counties wherein Governors State University and any of its branches or properties are located when such is required for the protection of University properties and interests, and its students and personnel, and otherwise, within such counties, when requested by appropriate State or local law enforcement officials.

SB0642 Enrolled - 43 - LRB096 06697 NHT 16781 b (12) The Board may, directly or in cooperation with other institutions of higher education, acquire by purchase or lease or otherwise, and construct, enlarge, improve, equip, complete, operate, control and manage research and high technology parks, together with the necessary lands, buildings, facilities, equipment, and personal property therefor, to encourage and facilitate (i) the location and development of business and industry in the State of Illinois, and (ii) the increased application and development of technology, and (iii) the improvement and development of the State's economy.

The Board may lease to nonprofit corporations all or any part of the land, buildings, facilities, equipment SB0642 Engrossed - 39 - LRB096 06697 NHT 16781 b or other property included in a research and high technology park upon such terms and conditions as the Board may deem advisable and enter into any contract or agreement with such nonprofit corporations as may be necessary or suitable for the construction, financing, operation and maintenance and management of any such park;

and may finance all or part of the cost of any such park, including the purchase, lease, construction, reconstruction, improvement, remodeling, addition to, and extension and maintenance of all or part of such high technology park, and all equipment and SB0642 Enrolled - 44 - LRB096 06697 NHT 16781 b furnishings, by legislative appropriations, government grants, contracts, private gifts, loans, receipts from the operation of such high technology park, rentals and similar receipts;

and may make its other facilities and services available to tenants or other occupants of any such park at rates which are reasonable and appropriate.appropriate ;.

(13) To borrow money, as necessary, from time to time in anticipation of receiving tuition, payments from the State of Illinois, or other revenues or receipts of the University, also known as anticipated moneys;moneys.

providedThe thatborrowing thelimit money shall be repaidcapped withinat 12100% months after the time the money is borrowed and the amount borrowed shall not exceed 75% of the total SB0642 Engrossed - 40 - LRB096 06697 NHT 16781 b amount of payroll and other expense vouchers submitted,submitted butand unpaidpayable atto the Comptroller'sUniversity Office,for 30fiscal daysyear prior2010 toexpenses, but unpaid at the anticipatedState borrowing.Comptroller's office.

ThePrior borrowedto moneysborrowing shallany befunds, appliedthe onlyUniversity forshall request from the purposesComptroller's office a verification of payingthe salariesborrowing limit and othershall expensesinclude lawfullythe authorizedestimated indate theon university'swhich Statesuch appropriation.borrowing shall occur.

NoThe borrowing underlimit thiscap provision shall be allowedverified afterby AugustState 31,Comptroller's 2010.office not prior to 45 days before any estimated date for executing any promissory note or line of credit established under this item (13).

The principal amount borrowed moneysunder shalla bepromissory appliednote toor theline purposesof forcredit whichshall thenot anticipatedexceed moneys75% areof lawfullythe available.borrowing limit.

TheWithin Chairman15 days after borrowing funds under any promissory note or Treasurerline of credit established under this item (13), the BoardUniversity shall executesubmit ato promissorythe noteGovernor's orOffice similarof debtManagement instrumentand toBudget, evidencethe Speaker of the indebtednessHouse incurredof byRepresentatives, the borrowing.Minority Leader of the SB0642 Enrolled - 45 - LRB096 06697 NHT 16781 b House of Representatives, the President of the Senate, and Minority Leader of the Senate, an Emergency Short Term Cash Management Plan.

InThe connectionEmergency withShort aTerm borrowing,Cash Management Plan shall outline the Boardamount mayborrowed, establishthe aterms linefor repayment, the amount of creditoutstanding withState vouchers as verified by the State Comptroller's office, and the University's plan for expenditure of any borrowed funds, including, but not limited to, a financialdetailed institution.plan to meet payroll obligations for all collective bargaining employees, civil service employees, and academic, research, and health care personnel.

The obligationestablishment toof makeany the payments due under the promissory note or otherline debtof instrumentcredit shallestablished beunder athis lawfulitem obligation(13) ofmust thebe Universityfinalized payablewithin from90 thedays anticipatedafter moneysthe aseffective setdate forthof inthis theamendatory resolutionAct authorizingof the same.96th General Assembly.

The borrowed moneys shall be applied to the purposes of paying salaries and other expenses lawfully authorized in the University's State appropriation and unpaid by the State Comptroller.

Any line of credit established under this item (13) shall be paid in full one year after creation or on such date as the University receives reimbursement from the State for all submitted fiscal year 2010 vouchers, whichever is earlier.

Any promissory note established under this item (13) shall be repaid within one year after issuance of the note.

The Chairman, Comptroller, or Treasurer of the Board shall execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.

In connection with a borrowing, the Board may establish a line of credit with a SB0642 Enrolled - 46 - LRB096 06697 NHT 16781 b financial institution, investment bank, or broker/dealer.

The obligation to make the payments due under any promissory note or line of credit established under this item (13) shall be a lawful obligation of the University payable from the anticipated moneys.

The promissoryline noteof orcredit other debt instrument shall be authorized by a resolution passed by the Board and shall be valid whether or not a budgeted item with respect to that resolution is included in any annual or supplemental budget adopted by the Board.

The resolution shall set forth facts demonstrating the need for the borrowing, state an amount that the amount to be borrowed will not exceed, and establish a SB0642 Engrossed - 41 - LRB096 06697 NHT 16781 b maximum interest rate limit not to exceed the maximum rate authorized by the Bond Authorization Act,Act andor provide9%, awhichever dateis byless. which the borrowed funds shall be repaid.

The resolution may direct the Comptroller or Treasurer of the Board to make arrangements to set apart and hold the portion of the anticipated moneys, as received, that shall be used to repay the borrowing, subject to any prior pledges or restrictions with respect to the anticipated moneys.

For the purposes of this item (13), "financial institution" SB0642 Enrolled - 47 - LRB096 06697 NHT 16781 b means any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, and any federally chartered commercial bank or savings and loan association or government-sponsored enterprise organized and operated in this State pursuant to the laws of the United States.

SB0642 Engrossed - 42 - LRB096 06697 NHT 16781 b (1) To make rules, regulations and bylaws, not inconsistent with law, for the government and management of Illinois State University and its branches;

Whenever the Board establishes a search committee to fill the position of President of SB0642 Enrolled - 48 - LRB096 06697 NHT 16781 b Illinois State University, there shall be minority representation, including women, on that search committee.

(3) To prescribe the courses of study to be followed, and SB0642 Engrossed - 43 - LRB096 06697 NHT 16781 b textbooks and apparatus to be used at Illinois State University;

tuition SB0642 Enrolled - 49 - LRB096 06697 NHT 16781 b fees;

(6) To succeed to and to administer all trusts, trust SB0642 Engrossed - 44 - LRB096 06697 NHT 16781 b property, and gifts now or hereafter belonging or pertaining to Illinois State University;

SB0642 Enrolled - 50 - LRB096 06697 NHT 16781 b (9) To contract with respect to the Cooperative Computer Center to obtain services related to electronic data processing;

Members of the Police Department shall be conservators of the peace and as such have all powers possessed by policemen in cities, and sheriffs, including the power to make arrests on view or warrants of violations of State SB0642 Engrossed - 45 - LRB096 06697 NHT 16781 b statutes, University rules and regulations and city or county ordinances, except that they may exercise such powers only within counties wherein Illinois State University and any of its branches or properties are located when such is required for the protection of University properties and interests, and its students and personnel, and otherwise, within such counties, when requested by appropriate State or local law enforcement officials.

The Board must authorize to each member of the Illinois State University Police Department and to any other employee of Illinois State University exercising the powers of a peace SB0642 Enrolled - 51 - LRB096 06697 NHT 16781 b officer a distinct badge that, on its face, (i) clearly states that the badge is authorized by Illinois State University and (ii) contains a unique identifying number.

(12) The Board may, directly or in cooperation with other institutions of higher education, acquire by purchase or lease or otherwise, and construct, enlarge, improve, equip, complete, operate, control and manage research and high technology parks, together with the necessary lands, buildings, facilities, equipment, and personal property therefor, to encourage and facilitate (i) the location and development of business and industry in the State of Illinois, and (ii) the increased application and development of technology, and (iii) the improvement and development of the SB0642 Engrossed - 46 - LRB096 06697 NHT 16781 b State's economy.

and may SB0642 Enrolled - 52 - LRB096 06697 NHT 16781 b finance all or part of the cost of any such park, including the purchase, lease, construction, reconstruction, improvement, remodeling, addition to, and extension and maintenance of all or part of such high technology park, and all equipment and furnishings, by legislative appropriations, government grants, contracts, private gifts, loans, receipts from the operation of such high technology park, rentals and similar receipts;

(13) To assist in the provision of lands, buildings, and facilities that are supportive of university purposes and suitable and appropriate for the conduct and operation of the university's education programs, the Board of Trustees of SB0642 Engrossed - 47 - LRB096 06697 NHT 16781 b Illinois State University may exercise the powers specified in subparagraphs (a), (b), and (c) of this paragraph (13) with regard to the following described property located near the Normal, Illinois campus of Illinois State University:

Lands located in the Northeast Quadrant of the City of Normal in McLean County, Illinois, one such parcel consisting of approximately 150 acres located north and east of the old Illinois Soldiers and Sailors SB0642 Enrolled - 53 - LRB096 06697 NHT 16781 b Children's School campus, and another such parcel, located in the Northeast Quadrant of the old Soldiers and Sailors Children's School Campus, consisting of approximately 1.03.

(b) The Board of Trustees may retain the proceeds from the sale, lease, or other transfer of all or any part of SB0642 Engrossed - 48 - LRB096 06697 NHT 16781 b the above described parcels of real estate in the University treasury, in a special, separate development fund account that the Auditor General shall examine to assure the use or deposit of those proceeds in a manner consistent with the provisions of subparagraph (c) of this paragraph (13).

(c) Moneys from the development fund account may be used by the Board of Trustees of Illinois State University to acquire and develop other land to achieve the same purposes for which the parcels of real estate described in this item (13), all or a part of which have been sold, leased, or otherwise transferred and conveyed, were used SB0642 Enrolled - 54 - LRB096 06697 NHT 16781 b and for the purpose of demolition and the processes associated with demolition on the acquired land.

All development on the land and all the use of any buildings or facilities shall be subject to the control and approval of the Board of Trustees of Illinois State University.University ;.

(14) To borrow money, as necessary, from time to time in anticipation of receiving tuition, payments from the State of Illinois, or other revenues or receipts of the University, also SB0642 Engrossed - 49 - LRB096 06697 NHT 16781 b known as anticipated moneys;moneys.

providedThe thatborrowing thelimit money shall be repaidcapped withinat 12100% months after the time the money is borrowed and the amount borrowed shall not exceed 75% of the total amount of payroll and other expense vouchers submitted,submitted butand unpaidpayable atto the Comptroller'sUniversity Office,for 30fiscal daysyear prior2010 toexpenses, but unpaid at the anticipatedState borrowing.Comptroller's office.

ThePrior borrowedto moneysborrowing shallany befunds, appliedthe onlyUniversity forshall request from the purposesComptroller's office a verification of payingthe salariesborrowing limit and othershall expensesinclude lawfullythe authorizedestimated indate theon University'swhich Statesuch appropriation.borrowing shall occur.

NoThe borrowing underlimit thiscap provision shall be allowedverified afterby AugustState 31,Comptroller's 2010.office not prior to 45 days before any estimated date for executing any promissory note or line of credit established under this item (14).

The principal amount borrowed moneysunder a promissory note or line of credit shall beSB0642 appliedEnrolled to- the55 purposes- forLRB096 which06697 theNHT anticipated16781 moneysb arenot lawfullyexceed available.75% of the borrowing limit.

TheWithin Chairman15 days after borrowing funds under any promissory note or Treasurerline of credit established under this item (14), the BoardUniversity shall executesubmit ato promissorythe noteGovernor's orOffice similarof debtManagement instrumentand toBudget, evidencethe Speaker of the indebtednessHouse incurredof byRepresentatives, the borrowing.Minority Leader of the House of Representatives, the President of the Senate, and Minority Leader of the Senate, an Emergency Short Term Cash Management Plan.

InThe connectionEmergency withShort aTerm borrowing,Cash Management Plan shall outline the Boardamount mayborrowed, establishthe aterms linefor repayment, the amount of creditoutstanding withState vouchers as verified by the State Comptroller's office, and the University's plan for expenditure of any borrowed funds, including, but not limited to, a financialdetailed institution.plan to meet payroll obligations to include collective bargaining employees, civil service employees, and academic, research, and health care personnel.

The obligationestablishment toof makeany the payments due under the promissory note or otherline debtof instrumentcredit shallestablished beunder athis lawfulitem obligation(14) ofmust thebe Universityfinalized payablewithin from90 thedays anticipatedafter moneysthe aseffective setdate forthof inthis theamendatory resolutionAct authorizingof the same.96th General Assembly.

The borrowed moneys shall be applied to the purposes of paying salaries and other expenses lawfully authorized in the University's State appropriation and unpaid by the State Comptroller.

Any line of credit established under this item (14) shall be paid in full one year after creation or within 10 days after the date the University receives reimbursement from the State for all submitted fiscal year 2010 vouchers, whichever is earlier.

Any promissory note SB0642 Enrolled - 56 - LRB096 06697 NHT 16781 b established under this item (14) shall be repaid within one year after issuance of the note.

The Chairman, Comptroller, or Treasurer of the Board shall execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.

In connection with a borrowing, the Board may establish a line of credit with a financial institution, investment bank, or broker/dealer.

The obligation to make the payments due under any promissory note or line of credit established under this item (14) shall be a lawful obligation of the University payable from the anticipated moneys.

The promissory note or otherline debtof instrumentcredit shall be authorized by a resolution passed by the Board and shall be valid whether or not a budgeted item with respect to that resolution is included in any annual or supplemental SB0642 Engrossed - 50 - LRB096 06697 NHT 16781 b budget adopted by the Board.

The resolution shall set forth facts demonstrating the need for the borrowing, state an amount that the amount to be borrowed will not exceed, and establish a maximum interest rate limit not to exceed the maximum rate authorized by the Bond Authorization Act,Act andor provide9%, awhichever dateis byless. which the borrowed funds shall be repaid.

The resolution may direct the Comptroller or Treasurer of the Board to make arrangements to set apart and hold the portion of the anticipated moneys, as received, that shall be used to repay the borrowing, subject to any prior pledges or restrictions with respect to the anticipated moneys.

The SB0642 Enrolled - 57 - LRB096 06697 NHT 16781 b resolution may also authorize the Treasurer of the Board to make partial repayments of the borrowing as the anticipated moneys become available and may contain any other terms, restrictions, or limitations not inconsistent with the powers of the Board.

For the purposes of this item (14), "financial institution" means any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, and any federally chartered commercial bank or savings and loan association or government-sponsored enterprise organized and operated in this State pursuant to the laws of the United States.

SB0642 Engrossed - 51 - LRB096 06697 NHT 16781 b (110 ILCS 680/25-45) Sec.

(2) To employ, and, for good cause, to remove a President of Northeastern Illinois University, and all necessary deans, professors, associate professors, assistant professors, SB0642 Enrolled - 58 - LRB096 06697 NHT 16781 b instructors, other educational and administrative assistants, and all other necessary employees, and to prescribe their duties and contract with them upon matters relating to tenure, salaries and retirement benefits in accordance with the State Universities Civil Service Act.

Under such arrangement, an amount shall be withheld from each regular payroll period which is equal to the pro rata share of the annual dues plus any payments or contributions, and the Board shall transmit such withholdings SB0642 Engrossed - 52 - LRB096 06697 NHT 16781 b to the specified labor organization within 10 working days from the time of the withholding;

(4) To issue upon the recommendation of the faculty, diplomas to such persons as have satisfactorily completed the required studies of Northeastern Illinois University, and confer such professional and literary degrees as are usually SB0642 Enrolled - 59 - LRB096 06697 NHT 16781 b conferred by other institutions of like character for similar or equivalent courses of study, or such as the Board may deem appropriate;

The expense of the building, improving, repairing and supplying fuel and furniture and the necessary appliances and apparatus for conducting Northeastern Illinois University, the reimbursed expenses of members of the Board, and the salaries or compensation of the President, assistants, agents and other employees of Northeastern Illinois University, shall be a SB0642 Engrossed - 53 - LRB096 06697 NHT 16781 b charge upon the State Treasury.

(7) To accept endowments of professorships or departments in Northeastern Illinois University from any person who may proffer them and, at regular meetings, to prescribe rules and SB0642 Enrolled - 60 - LRB096 06697 NHT 16781 b regulations in relation to endowments and declare on what general principles they may be accepted;

(11) To appoint, subject to the applicable civil service law, persons to be members of the Northeastern Illinois SB0642 Engrossed - 54 - LRB096 06697 NHT 16781 b University Police Department.

Members of the Police Department shall be conservators of the peace and as such have all powers possessed by policemen in cities, and sheriffs, including the power to make arrests on view or warrants of violations of State statutes, University rules and regulations and city or county ordinances, except that they may exercise such powers only within counties wherein Northeastern Illinois University and any of its branches or properties are located when such is required for the protection of University properties and SB0642 Enrolled - 61 - LRB096 06697 NHT 16781 b interests, and its students and personnel, and otherwise, within such counties, when requested by appropriate State or local law enforcement officials.

(12) The Board may, directly or in cooperation with other institutions of higher education, acquire by purchase or lease or otherwise, and construct, enlarge, improve, equip, complete, operate, control and manage research and high technology parks, together with the necessary lands, SB0642 Engrossed - 55 - LRB096 06697 NHT 16781 b buildings, facilities, equipment, and personal property therefor, to encourage and facilitate (i) the location and development of business and industry in the State of Illinois, and (ii) the increased application and development of technology, and (iii) the improvement and development of the State's economy.

The Board may lease to nonprofit corporations all or any part of the land, buildings, facilities, equipment or other property included in a research and high technology park upon such terms and conditions as the Board may deem SB0642 Enrolled - 62 - LRB096 06697 NHT 16781 b advisable and enter into any contract or agreement with such nonprofit corporations as may be necessary or suitable for the construction, financing, operation and maintenance and management of any such park;

and may make its other facilities and services available to tenants or other occupants of any such park at rates which are SB0642 Engrossed - 56 - LRB096 06697 NHT 16781 b reasonable and appropriate.appropriate ;.

(13) To borrow money, as necessary, from time to time in anticipation of receiving tuition, payments from the State of Illinois, or other revenues or receipts of the University, also known as anticipated moneys;moneys.

providedThe thatborrowing thelimit money shall be repaidcapped withinat 12100% months after the time the money is borrowed and the amount borrowed shall not exceed 75% of the total amount of payroll and other expense vouchers submitted,submitted butand unpaidpayable atto the Comptroller'sUniversity Office,for 30fiscal daysyear prior2010 toexpenses, but unpaid at the anticipatedState borrowing.Comptroller's office.

ThePrior borrowedto moneysborrowing any funds, the University shall beSB0642 appliedEnrolled only- for63 - LRB096 06697 NHT 16781 b request from the purposesComptroller's office a verification of payingthe salariesborrowing limit and othershall expensesinclude lawfullythe authorizedestimated indate theon University'swhich Statesuch appropriation.borrowing shall occur.

NoThe borrowing underlimit thiscap provision shall be allowedverified afterby AugustState 31,Comptroller's 2010.office not prior to 45 days before any estimated date for executing any promissory note or line of credit established under this item (13).

The principal amount borrowed moneysunder shalla bepromissory appliednote toor theline purposesof forcredit whichshall thenot anticipatedexceed moneys75% areof lawfullythe available.borrowing limit.

TheWithin Chairman15 days after borrowing funds under any promissory note or Treasurerline of credit established under this item (13), the BoardUniversity shall executesubmit ato promissorythe noteGovernor's orOffice similarof debtManagement instrumentand toBudget, evidencethe Speaker of the indebtednessHouse incurredof byRepresentatives, the borrowing.Minority Leader of the House of Representatives, the President of the Senate, and Minority Leader of the Senate, an Emergency Short Term Cash Management Plan.

InThe connectionEmergency withShort aTerm borrowing,Cash Management Plan shall outline the Boardamount mayborrowed, establishthe aterms linefor repayment, the amount of creditoutstanding withState vouchers as verified by the State Comptroller's office, and the University's plan for expenditure of any borrowed funds, including, but not limited to, a financialdetailed institution.plan to meet payroll obligations to include collective bargaining employees, civil service employees, and academic, research, and health care personnel.

The obligationestablishment toof makeany the payments due under the promissory note or otherline debtof instrumentcredit shallestablished beunder athis lawfulitem obligation(13) ofmust thebe Universityfinalized payablewithin from90 thedays anticipatedafter moneysthe aseffective setdate forthof inthis theamendatory resolutionAct authorizingof the same.96th General Assembly.

AnyThe borrowingborrowed undermoneys thisshall itembe (13)applied shallto notSB0642 constituteEnrolled a- debt,64 legal- orLRB096 moral,06697 ofNHT 16781 b the Statepurposes andof shallpaying notsalaries beand enforceableother SB0642expenses Engrossedlawfully -authorized 57in -the LRB096University's 06697State NHTappropriation 16781and bunpaid againstby the State.State Comptroller.

TheAny promissoryline noteof orcredit otherestablished debtunder instrumentthis item (13) shall be authorizedpaid byin afull resolutionone passedyear byafter thecreation Boardor andwithin shall10 bedays validafter whetherthe ordate notthe aUniversity budgetedreceives itemreimbursement withfrom respectthe toState thatfor resolutionall issubmitted includedfiscal inyear any2010 annualvouchers, orwhichever supplementalis budgetearlier. adopted by the Board.

TheAny resolutionpromissory shallnote setestablished forthunder factsthis demonstratingitem the(13) needshall for the borrowing, state an amount that the amount to be borrowedrepaid willwithin notone exceed,year establishafter aissuance maximumof interest rate limit not to exceed the maximumnote. rate authorized by the Bond Authorization Act, and provide a date by which the borrowed funds shall be repaid.

The resolutionChairman, mayComptroller, director the Treasurer of the Board toshall makeexecute arrangementsa topromissory setnote apartor andsimilar holddebt theinstrument portion of the anticipated moneys, as received, that shall be used to repayevidence the borrowing,indebtedness subjectincurred toby any prior pledges or restrictions with respect to the anticipatedborrowing. moneys.

In connection with a borrowing, the Board may establish a line of credit with a financial institution, investment bank, or broker/dealer.

The obligation to make the payments due under any promissory note or line of credit established under this item (13) shall be a lawful obligation of the University payable from the anticipated moneys.

Any borrowing under this item (13) shall not constitute a debt, legal or moral, of the State and shall not be enforceable against the State.

The promissory note or line of credit shall be authorized by a resolution passed by the Board and shall be valid whether or not a budgeted item with respect to that resolution is included in any annual or supplemental budget adopted by the Board.

The resolution shall set forth facts demonstrating the need for the borrowing, state an amount that the amount to be borrowed will not exceed, and establish a SB0642 Enrolled - 65 - LRB096 06697 NHT 16781 b maximum interest rate limit not to exceed the maximum rate authorized by the Bond Authorization Act or 9%, whichever is less.

The resolution may direct the Comptroller or Treasurer of the Board to make arrangements to set apart and hold the portion of the anticipated moneys, as received, that shall be used to repay the borrowing, subject to any prior pledges or restrictions with respect to the anticipated moneys.

For the purposes of this item (13), "financial institution" means any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, and any federally chartered commercial bank or savings and loan association or government-sponsored enterprise organized and operated in this State pursuant to the laws of the United States.

1-1-01.) SB0642 Engrossed - 58 - LRB096 06697 NHT 16781 b Section 35.

The Board also shall have SB0642 Enrolled - 66 - LRB096 06697 NHT 16781 b power and it shall be its duty:

Under such SB0642 Engrossed - 59 - LRB096 06697 NHT 16781 b arrangement, an amount shall be withheld from each regular payroll period which is equal to the pro rata share of the annual dues plus any payments or contributions, and the Board shall transmit such withholdings to the specified labor organization within 10 working days from the time of the withholding;

SB0642 Enrolled - 67 - LRB096 06697 NHT 16781 b (3) To prescribe the courses of study to be followed, and textbooks and apparatus to be used at Northern Illinois University;

The expense of the building, improving, repairing and supplying fuel and furniture and the necessary appliances and apparatus SB0642 Engrossed - 60 - LRB096 06697 NHT 16781 b for conducting Northern Illinois University, the reimbursed expenses of members of the Board, and the salaries or compensation of the President, assistants, agents and other employees of Northern Illinois University, shall be a charge upon the State Treasury.

All other expenses shall be chargeable against students, and the Board shall regulate the charges SB0642 Enrolled - 68 - LRB096 06697 NHT 16781 b accordingly;

(10) To provide for the receipt and expenditures of Federal funds paid to Northern Illinois University by the Federal government for instruction and other services for persons SB0642 Engrossed - 61 - LRB096 06697 NHT 16781 b serving in or with the military or naval forces of the United States, and to provide for audits of such funds;

Members of the Police Department shall be conservators of the peace and as such have all powers possessed SB0642 Enrolled - 69 - LRB096 06697 NHT 16781 b by policemen in cities, and sheriffs, including the power to make arrests on view or warrants of violations of State statutes, University rules and regulations and city or county ordinances, except that they may exercise such powers only within counties wherein Northern Illinois University and any of its branches or properties are located when such is required for the protection of University properties and interests, and its students and personnel, and otherwise, within such counties, when requested by appropriate State or local law enforcement officials.

(12) The Board may, directly or in cooperation with other SB0642 Engrossed - 62 - LRB096 06697 NHT 16781 b institutions of higher education, acquire by purchase or lease or otherwise, and construct, enlarge, improve, equip, complete, operate, control and manage research and high technology parks, together with the necessary lands, buildings, facilities, equipment, and personal property therefor, to encourage and facilitate (i) the location and SB0642 Enrolled - 70 - LRB096 06697 NHT 16781 b development of business and industry in the State of Illinois, and (ii) the increased application and development of technology, and (iii) the improvement and development of the State's economy.

and may finance all or part of the cost of any such park, including the purchase, lease, construction, reconstruction, improvement, remodeling, addition to, and extension and maintenance of all or part of such high technology park, and all equipment and furnishings, by legislative appropriations, government grants, SB0642 Engrossed - 63 - LRB096 06697 NHT 16781 b contracts, private gifts, loans, receipts from the operation of such high technology park, rentals and similar receipts;

(13) To assist in the provision of buildings and facilities SB0642 Enrolled - 71 - LRB096 06697 NHT 16781 b beneficial to, useful for, or supportive of university purposes, the Board of Trustees of Northern Illinois University may exercise the following powers with regard to the area located on or adjacent to the Northern Illinois University DeKalb campus and bounded as follows:

thence on SB0642 Engrossed - 64 - LRB096 06697 NHT 16781 b the South by Lucinda Avenue between Garden Road and the intersection of Lucinda Avenue and the South Branch of the Kishwaukee River, and by the South Branch of the Kishwaukee River between such intersection and easterly to the intersection of such river and North First Street;

SB0642 Enrolled - 72 - LRB096 06697 NHT 16781 b (a) Acquire any interests in land, buildings, or facilities by purchase, including installments payable over a period allowed by law, by lease over a term of such duration as the Board of Trustees shall determine, or by exercise of the power of eminent domain;

SB0642 Engrossed - 65 - LRB096 06697 NHT 16781 b Any buildings or facilities to be developed on the land shall be buildings or facilities that, in the determination of the Board of Trustees, in whole or in part:

or (ii) otherwise advance the interests of the University, including, by way of example, residential, recreational, educational, and athletic facilities for SB0642 Enrolled - 73 - LRB096 06697 NHT 16781 b University staff and students and commercial facilities which provide services needed by the University community.

(14) To borrow money, as necessary, from time to time in SB0642 Engrossed - 66 - LRB096 06697 NHT 16781 b anticipation of receiving tuition, payments from the State of Illinois, or other revenues or receipts of the University, also known as anticipated moneys;moneys.

providedThe thatborrowing thelimit money shall be repaidcapped withinat 12100% monthsof after the timetotal theamount moneyof ispayroll borrowed and theother amountexpense borrowedvouchers shallsubmitted notand exceedpayable 75%to of the totalUniversity amountfor offiscal payrollyear and2010 otherexpenses, expense vouchers submitted, but unpaid at the State Comptroller's Office,SB0642 30Enrolled days- prior74 to- theLRB096 anticipated06697 borrowing.NHT 16781 b office.

ThePrior borrowedto moneysborrowing shallany befunds, appliedthe onlyUniversity forshall request from the purposesComptroller's office a verification of payingthe salariesborrowing limit and othershall expensesinclude lawfullythe authorizedestimated indate theon University'swhich Statesuch appropriation.borrowing shall occur.

NoThe borrowing underlimit thiscap provision shall be allowedverified afterby AugustState 31,Comptroller's 2010.office not prior to 45 days before any estimated date for executing any promissory note or line of credit established under this item (14).

The principal amount borrowed moneysunder shalla bepromissory appliednote toor theline purposesof forcredit whichshall thenot anticipatedexceed moneys75% areof lawfullythe available.borrowing limit.

TheWithin Chairman15 days after borrowing funds under any promissory note or Treasurerline of credit established under this item (14), the BoardUniversity shall executesubmit ato promissorythe noteGovernor's orOffice similarof debtManagement instrumentand toBudget, evidencethe Speaker of the indebtednessHouse incurredof byRepresentatives, the borrowing.Minority Leader of the House of Representatives, the President of the Senate, and Minority Leader of the Senate, an Emergency Short Term Cash Management Plan.

InThe connectionEmergency withShort aTerm borrowing,Cash Management Plan shall outline the Boardamount mayborrowed, establishthe aterms linefor repayment, the amount of creditoutstanding withState vouchers as verified by the State Comptroller's office, and the University's plan for expenditure of any borrowed funds, including, but not limited to, a financialdetailed institution.plan to meet payroll obligations for all collective bargaining employees, civil service employees, and academic, research, and health care personnel.

The obligationestablishment toof makeany thepromissory paymentsnote dueor underline theof promissorycredit noteestablished orunder otherthis debtitem instrument(14) shallmust be afinalized lawfulwithin obligation90 ofdays after the Universityeffective payabledate fromof this amendatory Act of the anticipatedSB0642 moneysEnrolled as- set75 forth- inLRB096 the06697 resolutionNHT authorizing16781 theb same.96th General Assembly.

The borrowed moneys shall be applied to the purposes of paying salaries and other expenses lawfully authorized in the University's State appropriation and unpaid by the State Comptroller.

Any line of credit established under this item (14) shall be paid in full one year after creation or within 10 days after the date the University receives reimbursement from the State for all submitted fiscal year 2010 vouchers, whichever is earlier.

Any promissory note established under this item (14) shall be repaid within one year after issuance of the note.

The Chairman, Comptroller, or Treasurer of the Board shall execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.

In connection with a borrowing, the Board may establish a line of credit with a financial institution, investment bank, or broker/dealer.

The obligation to make the payments due under any promissory note or line of credit established under this item (14) shall be a lawful obligation of the University payable from the anticipated moneys.

The promissory note or otherline debtof instrumentcredit shall be authorized by a resolution passed by the Board and SB0642 Engrossed - 67 - LRB096 06697 NHT 16781 b shall be valid whether or not a budgeted item with respect to that resolution is included in any annual or supplemental budget adopted by the Board.

The resolution shall set forth facts demonstrating the need for the borrowing, state an amount that SB0642 Enrolled - 76 - LRB096 06697 NHT 16781 b the amount to be borrowed will not exceed, and establish a maximum interest rate limit not to exceed the maximum rate authorized by the Bond Authorization Act,Act andor provide9%, awhichever dateis byless. which the borrowed funds shall be repaid.

The resolution may direct the Comptroller or Treasurer of the Board to make arrangements to set apart and hold the portion of the anticipated moneys, as received, that shall be used to repay the borrowing, subject to any prior pledges or restrictions with respect to the anticipated moneys.

For the purposes of this item (14), "financial institution" means any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, and any federally chartered commercial bank or savings and loan association or government-sponsored enterprise organized and operated in this State pursuant to the laws of the United States.

The Western Illinois University Law is amended SB0642 Engrossed - 68 - LRB096 06697 NHT 16781 b by changing Section 35-45 as follows:

(110 ILCS 690/35-45) SB0642 Enrolled - 77 - LRB096 06697 NHT 16781 b Sec.

Under such arrangement, an amount shall be withheld from each regular payroll period which is equal to the pro rata share of the annual dues plus any payments or SB0642 Engrossed - 69 - LRB096 06697 NHT 16781 b contributions, and the Board shall transmit such withholdings to the specified labor organization within 10 working days from the time of the withholding;

SB0642 Enrolled - 78 - LRB096 06697 NHT 16781 b (3) To prescribe the courses of study to be followed, and textbooks and apparatus to be used at Western Illinois University;

The expense of the building, improving, repairing and supplying fuel and furniture and the necessary appliances and apparatus for conducting Western Illinois University, the reimbursed expenses of members of the Board, and the salaries or compensation of the President, assistants, agents and other SB0642 Engrossed - 70 - LRB096 06697 NHT 16781 b employees of Western Illinois University, shall be a charge upon the State Treasury.

All other expenses shall be chargeable against students, and the Board shall regulate the charges SB0642 Enrolled - 79 - LRB096 06697 NHT 16781 b accordingly;

(11) To appoint, subject to the applicable civil service SB0642 Engrossed - 71 - LRB096 06697 NHT 16781 b law, persons to be members of the Western Illinois University Police Department.

Members of the Police Department shall be conservators of the peace and as such have all powers possessed SB0642 Enrolled - 80 - LRB096 06697 NHT 16781 b by policemen in cities, and sheriffs, including the power to make arrests on view or warrants of violations of State statutes, University rules and regulations and city or county ordinances, except that they may exercise such powers only within counties wherein Western Illinois University and any of its branches or properties are located when such is required for the protection of University properties and interests, and its students and personnel, and otherwise, within such counties, when requested by appropriate State or local law enforcement officials.

(12) The Board may, directly or in cooperation with other institutions of higher education, acquire by purchase or lease or otherwise, and construct, enlarge, improve, equip, complete, operate, control and manage research and high technology parks, together with the necessary lands, SB0642 Engrossed - 72 - LRB096 06697 NHT 16781 b buildings, facilities, equipment, and personal property therefor, to encourage and facilitate (i) the location and development of business and industry in the State of Illinois, SB0642 Enrolled - 81 - LRB096 06697 NHT 16781 b and (ii) the increased application and development of technology, and (iii) the improvement and development of the State's economy.

and may make its other facilities and services available to tenants or other occupants of any such park at rates which are SB0642 Engrossed - 73 - LRB096 06697 NHT 16781 b reasonable and appropriate.appropriate ;.

(13) To borrow money, as necessary, from time to time in anticipation of receiving tuition, payments from the State of SB0642 Enrolled - 82 - LRB096 06697 NHT 16781 b Illinois, or other revenues or receipts of the University, also known as anticipated moneys;moneys.

providedThe thatborrowing thelimit money shall be repaidcapped withinat 12100% months after the time the money is borrowed and the amount borrowed shall not exceed 75% of the total amount of payroll and other expense vouchers submitted,submitted butand unpaidpayable atto the Comptroller'sUniversity Office,for 30fiscal daysyear prior2010 toexpenses, but unpaid at the anticipatedState borrowing.Comptroller's office.

ThePrior borrowedto moneysborrowing shallany befunds, appliedthe onlyUniversity forshall request from the purposesComptroller's office a verification of payingthe salariesborrowing limit and othershall expensesinclude lawfullythe authorizedestimated indate theon University'swhich Statesuch appropriation.borrowing shall occur.

NoThe borrowing underlimit thiscap provision shall be allowedverified afterby AugustState 31,Comptroller's 2010.office not prior to 45 days before any estimated date for executing any promissory note or line of credit established under this item (13).

The principal amount borrowed moneysunder shalla bepromissory appliednote toor theline purposesof forcredit whichshall thenot anticipatedexceed moneys75% areof lawfullythe available.borrowing limit.

TheWithin Chairman15 days after borrowing funds under any promissory note or Treasurerline of credit established under this item (13), the BoardUniversity shall executesubmit ato promissorythe noteGovernor's orOffice similarof debtManagement instrumentand toBudget, evidencethe Speaker of the indebtednessHouse incurredof byRepresentatives, the borrowing.Minority Leader of the House of Representatives, the President of the Senate, and Minority Leader of the Senate, an Emergency Short Term Cash Management Plan.

InThe connectionEmergency withShort aTerm borrowing,Cash Management Plan shall outline the Boardamount mayborrowed, establishthe aterms linefor repayment, the amount of creditoutstanding withState vouchers as verified by the State Comptroller's office, and the University's plan for expenditure of any borrowed funds, including, but not limited to, a financialdetailed institution.plan to meet payroll obligations to include SB0642 Enrolled - 83 - LRB096 06697 NHT 16781 b collective bargaining employees, civil service employees, and academic, research, and health care personnel.

The obligationestablishment toof makeany the payments due under the promissory note or otherline debtof instrumentcredit shallestablished beunder athis lawfulitem obligation(13) ofmust thebe Universityfinalized payablewithin from90 thedays anticipatedafter moneysthe aseffective setdate forthof inthis theamendatory resolutionAct authorizingof the same.96th General Assembly.

AnyThe borrowingborrowed undermoneys this item (13) shall notbe constituteapplied ato debt,the legalpurposes or moral, of thepaying Statesalaries and shallother notexpenses belawfully enforceableauthorized SB0642in Engrossedthe -University's 74State -appropriation LRB096and 06697unpaid NHTby 16781 b against the State.State Comptroller.

TheAny promissoryline noteof orcredit otherestablished debtunder instrumentthis item (13) shall be authorizedpaid byin afull resolutionone passedyear byafter thecreation Boardor andwithin shall10 bedays validafter whetherthe ordate notthe aUniversity budgetedreceives itemreimbursement withfrom respectthe toState thatfor resolutionall issubmitted includedfiscal inyear any2010 annualvouchers, orwhichever supplementalis budgetearlier. adopted by the Board.

TheAny resolutionpromissory shallnote setestablished forthunder factsthis demonstratingitem the(13) needshall for the borrowing, state an amount that the amount to be borrowedrepaid willwithin notone exceed,year establishafter aissuance maximumof interest rate limit not to exceed the maximumnote. rate authorized by the Bond Authorization Act, and provide a date by which the borrowed funds shall be repaid.

The resolutionChairman, mayComptroller, director the Treasurer of the Board toshall makeexecute arrangementsa topromissory setnote apartor andsimilar holddebt theinstrument portion of the anticipated moneys, as received, that shall be used to repayevidence the borrowing,indebtedness subjectincurred toby any prior pledges or restrictions with respect to the anticipatedborrowing. moneys.

In connection with a borrowing, the Board may establish a line of credit with a financial institution, investment bank, or broker/dealer.

The obligation to make the payments due under any promissory note or line of credit established under this item (13) shall be a lawful obligation of the University payable from the anticipated moneys.

Any borrowing under this item (13) shall not constitute a debt, legal or moral, of the State and shall not be enforceable against the State.

The promissory note or line of credit shall SB0642 Enrolled - 84 - LRB096 06697 NHT 16781 b be authorized by a resolution passed by the Board and shall be valid whether or not a budgeted item with respect to that resolution is included in any annual or supplemental budget adopted by the Board.

The resolution shall set forth facts demonstrating the need for the borrowing, state an amount that the amount to be borrowed will not exceed, and establish a maximum interest rate limit not to exceed the maximum rate authorized by the Bond Authorization Act or 9%, whichever is less.

The resolution may direct the Comptroller or Treasurer of the Board to make arrangements to set apart and hold the portion of the anticipated moneys, as received, that shall be used to repay the borrowing, subject to any prior pledges or restrictions with respect to the anticipated moneys.

For the purposes of this item (13), "financial institution" means any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, and any federally chartered commercial bank or savings and loan association or government-sponsored enterprise organized and operated in this State pursuant to the laws of the United States.

1-1-01.) SB0642 EngrossedEnrolled - 7585 - LRB096 06697 NHT 16781 b Section 99.