PRIVATE COLLEGE CAP DISTRIB Senate SponsorsSen. Michael E. Hastings 1/13/2021SenateSession Sine Die 30 ILCS 769/25-15Amends the Private Colleges and Universities Capital Distribution Formula Act. Provides that if an institution received a grant under the Act and subsequently fails to meet the definition of "independent college" due to the institution being acquired and operated by a public university, no refund of expended grant funds shall be required and the remaining funds shall not be re-distributed. Provides that the entire balance of the grant remaining on the date the acquired former independent college ceased operations and came under the control of the public university, including any amount that had been withheld after the acquired former independent college ceased operations, shall be transferred to the public university, as successor to the independent college, for the purpose of operating those facilities for the duration of the grant. Specifies that the provisions apply to any acquisition of an independent college by a public university occurring on and after August 15, 2019. Defines "public university". 10/28/2019SenateFiled with Secretary by Sen. Michael E. Hastings 10/28/2019SenateFirst Reading 10/28/2019SenateReferred to Assignments 1/22/2020SenateAssigned to Higher Education 1/28/2020SenatePostponed - Higher Education 1/30/2020SenateAdded as Co-Sponsor Sen. Scott M. Bennett 2/14/2020SenateSponsor Removed Sen. Scott M. Bennett 2/18/2020SenatePostponed - Higher Education 3/18/2020SenateRule 2-10 Committee Deadline Established As April 2, 2020 3/25/2020SenateRule 2-10 Committee Deadline Established As April 24, 2020 3/25/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020 4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 4/16/2020SenateRule 2-10 Committee Deadline Established As April 30, 2020 4/23/2020SenateRule 2-10 Committee Deadline Established As May 7, 2020 4/23/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020 4/30/2020SenateRule 2-10 Committee Deadline Established As May 15, 2020 4/30/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020 5/7/2020SenateRule 2-10 Committee Deadline Established As May 22, 2020 5/7/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020 5/15/2020SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020 1/13/2021SenateSession Sine Die