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IL HB4960

Bill

Official Source

Status

Introduced

2/5/2016

Primary Sponsor

Thomas Bennett

Click for details

Origin

House of Representatives

99th General Assembly

AI Summary

  • Amends the Counties Code (55 ILCS 5/5-1005) to add a new county power allowing counties to appropriate funds from the county treasury and loan those funds to one or more community colleges.

  • Counties may determine the loan amounts and terms themselves, or negotiate terms with the community college, and are not obligated to make any loans.

  • Counties may, but are not required to, charge interest on loans made to community colleges.

  • Effective immediately upon becoming law.

Legislative Description

CNTY CD-COMM COLLEGE LOANS

Last Action

Rule 19(a) / Re-referred to Rules Committee

4/8/2016

Committee Referrals

Rules4/8/2016
Counties & Townships3/23/2016
Rules2/5/2016

Full Bill Text

No bill text available