HB5678 Summary

• Amends the Western Illinois University Law to allow the Board to sell, lease, or transfer real property in Moline, Rock Island County without compliance with the State Property Control Act.

• Permits the Board to retain proceeds from property sales or leases in a separate development fund account within the University treasury.

• Authorizes use of development fund revenues for demolition, land acquisition, infrastructure improvements, parking, utilities, historic preservation, and building rehabilitation.

• Any development fund money used for other purposes must be deposited into and appropriated from the General Revenue Fund; all development remains subject to Board control and approval.

• Clarifies that buildings or facilities leased to non-University entities are not subject to limitations applicable to State-supported colleges or universities.