Gov. George Ryan today signed House Bill 1905
into law. This ICCTA initiative reduces the amount of the required bond for
community college treasurers (outside of Chicago) to equal the rate for K-12 board
treasurers. This 50% reduction in premium payments will save community colleges
between $350,000 and $500,000 per year.
For additional information on state legislative issues,
contact ICCTA at 1-800-454-2282.
Illinois Community College Trustees Association
401 E. Capitol Ave., Suite 200
Springfield, IL 62701-1711
217-528-8662 (fax) ICCTA@communitycolleges.org (e-mail)