Illinois HB 2930: HIGH RISK HOME LOAN ACT-DEF

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB2930

Introduced 2/6/2025, by Rep. Jay Hoffman 

SYNOPSIS AS INTRODUCED:

New Act

 Creates the University Construction Management Autonomy Act. Provides that public universities in the State shall be granted autonomy to manage construction projects funded by the State, as long as the total State funding does not exceed $20,000,000. Provides that the autonomy granted to universities shall include the authority to: (1) develop and approve project plans, budgets, and timelines; (2) select contractors, architects, and other necessary personnel for the project; (3) procure materials and equipment necessary for the project in compliance with State statutes, rules, and standards; and (4) monitor and oversee the progress of the project to ensure compliance with State rules and standards. Allows the public universities to have the option to use the services of the Capital Development Board for construction projects. Provides that public universities availing themselves of the autonomy shall provide regular reports to the Board of Higher Education detailing the progress, expenditures, and outcomes of construction projects managed independently. Effective immediately.

LRB104 10483 LNS 20558 b

A BILL FOR

HB2930LRB104 10483 LNS 20558 b

1 AN ACT concerning education.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. Short title. This Act may be cited as the 

5University Construction Management Autonomy Act.

6 Section 5. Purpose. This Act aims to grant public 

7universities in the State the authority to independently 

8manage construction projects funded by the State, up to a 

9maximum of $20,000,000, without the oversi