Illinois Compiled Statutes 110 ILCS 676 Illinois State University Revenue Bond Law. Section 21-5

    (110 ILCS 676/21-5)

    Sec. 21-5. Definitions. In this Article, unless the context otherwise requires:

    "Board" means the Board of Trustees of the University or its successor.

    "University" means and includes Illinois State University, located at Normal, Illinois, and its branches.

    "Federal agency" means the United States of America, the President of the United States of America, or such agency or agencies of the United States of America as may be designated or created to make loans or grants or both.

    "Acquire" includes to purchase, erect, build, construct, reconstruct, complete, repair, replace, alter, extend, better, equip, develop, and improve a project, including the acquisition and clearing of a site or sites therefor.

    "Project" means and includes revenue producing buildings, structures and facilities which, as determined by the Board, are required by, or necessary for the use or benefit of, such University, including, without limiting the generality of the foregoing, student residence halls; apartments; staff housing facilities; dormitories; health, hospital or medical facilities; dining halls; student union buildings; field houses; stadiums; physical education installations and facilities; auditoriums; facilities for student or staff services; any facility or building leased to the United States of America; off-street parking facilities; heretofore, or as may be hereafter, acquired, with all equipment and appurtenant facilities; or any one, or more than one, or all, of the foregoing, or any combination thereof, for such University.

(Source: P.A. 89-4, eff. 1-1-96.)

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Last modified: February 18, 2015