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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 40. Available funds. A public university may use funds designated for operating or capital expenditures for any guaranteed energy savings contract, including purchases using installment payment contracts or lease purchase agreements. A public university that enters into such a contract or agreement may covenant in such contract or agreement that payments made thereunder shall be payable from the first funds legally available in each fiscal year.
Cite this article: FindLaw.com - Illinois Statutes Chapter 110. Higher Education § 62/40. Available funds - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-110-higher-education/il-st-sect-110-62-40/
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