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SB 1310

SB 1310 - Current law authorizes the establishment of a medical malpractice joint underwriting association upon a determination that medical malpractice liability insurance is not reasonably available in the voluntary market. This act authorizes the directors of the board of the association to suspend the operations of the association if such directors determine that medical malpractice insurance is reasonably available. The suspension shall be in accordance with the plan of operations, and shall include provisions for the administration of association funds. During any suspension of operations, the association shall not collect dues or fees from its members, unless authorized by the Director of the Department of Commerce and Insurance. This act is identical to provisions in the truly agreed to and finally passed SS/SCS/HCS/HB 2372 (2026), and similar to HB 2071, and provisions in HCS/HB 3314 (2026). TAYLOR MIDDLETON

2026 Regular Session Introduced by Curtis Trent

Authorizes WIU Board to borrow up to $2M in short-term funds for lawful university purposes, repaid within 5 years, with a promissory note, effective Jan 1, 2026.

Voted Do Pass S General Laws Committee
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Bill Summary · SB 1310

SB 1310 — “WIU — Borrow Money” (Public Act 104-0093)

Status: Enacted (Public Act 104-0093)
Introduced: Jan 28, 2025 (Sen. Michael W. Halpin) — Effective date: January 1, 2026

Main purpose

Amend the Western Illinois University Law (110 ILCS 690/35-45) to authorize the Board of Trustees of Western Illinois University (WIU) to borrow limited short-term funds for lawful university purposes, subject to caps and repayment timing, and to require an executed promissory note or similar instrument evidencing such indebtedness.

Key provisions

  • Authorizes the WIU Board of Trustees to borrow money for any lawful university purpose from:
    • the WIU Foundation, or
    • any financial institution.
  • Repayment requirement: borrowed funds must be repaid within 5 years from the date borrowed.
  • Outstanding cap: the aggregate amount outstanding at any time may not exceed $2,000,000.
  • Documentation: the Chairperson, Comptroller, or Treasurer of the Board must execute a promissory note or similar debt instrument to evidence the indebtedness.
  • Incorporates the new borrowing authority into Section 35-45 (Powers and duties) of the Western Illinois University Law.

Who is affected

  • Western Illinois University (WIU): gives WIU Board expanded short-term financing flexibility to manage cash flow or fund lawful activities.
  • WIU Foundation and private financial institutions: may provide loans to WIU under the statutory framework.
  • University officers (Chairperson, Comptroller, Treasurer): required to execute debt instruments when borrowing.
  • State financial oversight/credit reporting: while the statute authorizes borrowing, repayment obligations and any debt issuance may affect WIU’s internal financial management and reporting; the provision does not create a State General Revenue obligation.

Procedural / timeline aspects

  • Enacted as Public Act 104-0093 and becomes effective January 1, 2026.
  • Legislative sponsor: Sen. Michael W. Halpin; companion bill noted as HB 991.
  • The provision is a statutory amendment to the existing powers and duties provision for the WIU Board.

Fiscal/Policy notes

  • The statute places explicit limits (5-year term; $2 million outstanding cap) to constrain short-term borrowing and limit exposure.
  • The law does not appropriate state funds or explicitly create a state-backed guarantee; fiscal impacts are primarily on WIU’s internal finances and any lender relationships.

Compiled from official sources — confirm details with the bill’s official record.

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