IllinoisSB1310104th General Assembly (2025–2026)Senate

WIU-BORROW MONEY

Sponsored By: Michael W. Halpin (Democratic)

Signed by Governor

Summary

Amends the Western Illinois University Law. Provides that the Board of Trustees of Western Illinois University shall have the power and duty to borrow money for any lawful purpose from the WIU Foundation or any financial institution, as long as such money is repaid within 5 years from the time the money is borrowed. Provides that the amount outstanding from time to time may not exceed $2,000,000. Requires the chairperson, comptroller, or treasurer of the Board to execute a promissory note or similar debt instrument to evidence the indebtedness incurred by the borrowing.

assignmentshigher education

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Michael W. Halpin

    Democratic • Senate

Cosponsors

  • Dan Swanson

    Republican • House

  • Gregg Johnson

    Democratic • House

  • Katie Stuart

    Democratic • House

  • Kimberly A. Lightford

    Democratic • Senate

  • Mike Porfirio

    Democratic • Senate

  • Sara Feigenholtz

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 187 • No: 0

House vote • 5/21/2025

Third Reading - Short Debate - Passed

Yes: 110 • No: 0

House vote • 4/23/2025

Do Pass / Short Debate Higher Education Committee;

Yes: 10 • No: 0

Senate vote • 4/9/2025

Third Reading - Passed;

Yes: 54 • No: 0

Senate vote • 2/19/2025

Do Pass Higher Education;

Yes: 13 • No: 0

Bill Text

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