110 ILCS 675/20-115
2021 Illinois Compiled Statutes|Chapter 110 - HIGHER EDUCATION|110 ILCS 675/ - Illinois State University Law.|Article 20

Sec. 20-115. Illinois Institute for Entrepreneurship Education.(a) There is created, effective July 1, 1997, within the State  at Illinois State University, the Illinois Institute for Entrepreneurship  Education, hereinafter referred to as the Institute.(b) The Institute created under this Section shall commence its operations  on July 1, 1997 and shall have a board composed of 15 members  representative of education, commerce and industry, government, or labor,  appointed as follows:  2 members shall be  appointees of the Governor, one of whom shall be a minority or woman person  as defined in Section 2 of the Business Enterprise for Minorities, Women, and  Persons with Disabilities Act; one member  shall be an appointee of the President of the Senate; one member shall be  an appointee of the Minority Leader of the Senate;  one member shall be an  appointee of the Speaker of the House of Representatives; one member shall  be an appointee of the Minority Leader of the House of Representatives;  2 members shall be appointees of Illinois State University;  one member  shall be an appointee of the Board of Higher Education;  one member shall be an appointee of the State Board of Education;  one member shall be  an appointee of the Department of Commerce and Economic Opportunity; one  member  shall be an appointee of the Illinois chapter of Economics America; and 3  members shall be appointed by majority vote of the other 12 appointed members  to  represent business owner-entrepreneurs.  Each member shall have  expertise and experience in the area of entrepreneurship education,  including small business and entrepreneurship.  The majority of voting  members must be from the private sector.  The members initially appointed to the board of the Institute created under  this Section shall be appointed to take office on July 1, 1997 and shall by lot  determine the length of their respective terms as follows: 5 members shall be  selected by lot to serve terms of one year, 5 members shall be selected by lot  to serve terms of 2 years, and 5 members shall be selected by lot to serve  terms of 3 years.  Subsequent appointees shall each serve terms of 3 years.  The board shall annually select a  chairperson from among its members.  Each board member shall serve  without  compensation but shall be reimbursed for expenses incurred in the  performance of his or her duties.(c) The purpose of the Institute shall be to foster the growth and  development of entrepreneurship education in the State of Illinois.  The  Institute shall help remedy the deficiencies in the preparation of  entrepreneurship education teachers, increase the quality and quantity of  entrepreneurship education programs, improve instructional materials, and  prepare personnel to serve as leaders and consultants in the field of  entrepreneurship education and economic development.  The Institute shall  promote entrepreneurship as a career option, promote and support the  development of innovative entrepreneurship education materials and delivery  systems, promote business, industry, and education partnerships, promote  collaboration and involvement in entrepreneurship education programs,  encourage and support in-service and preservice teacher education programs  within various  educational systems, and develop and distribute relevant materials.  The  Institute shall provide a framework under which the public and private  sectors may work together toward entrepreneurship education goals.  These  goals shall be achieved by bringing together programs that have an impact on  entrepreneurship education to achieve coordination among agencies and  greater efficiency in the expenditure of funds.(d) Beginning July 1, 1997, the Institute shall have the following powers  subject to  State and Illinois State University Board of Trustees regulations and  guidelines:(1) To employ and determine the compensation of an     executive director and such staff as it deems necessary;(2) To own property and expend and receive funds and     generate funds;(3) To enter into agreements with public and private     entities in the furtherance of its purpose; and(4) To request and receive the cooperation and     assistance of all State departments and agencies in the furtherance of its purpose.(e) The board of the Institute shall be a policy making body with  the responsibility for planning and developing Institute programs.  The Institute,  through the  Board of Trustees of Illinois State University, shall annually report to  the Governor and General Assembly by January 31 as to  its activities and operations, including its findings and recommendations.(f) Beginning on July 1, 1997, the Institute created under this Section  shall be deemed designated by law as the successor to the Illinois Institute  for Entrepreneurship Education, previously created and existing under  Section 2-11.5 of the Public Community College Act until its abolition on July  1,  1997 as provided in that Section.  On July 1, 1997, all financial and other  records of the Institute so abolished and all of its property, whether real or  personal, including but not limited to all inventory and equipment, shall be  deemed transferred by operation of law to the Illinois Institute for  Entrepreneurship Education created under this Section 20-115.  The Illinois  Institute for Entrepreneurship Education created under this Section 20-115  shall have, with respect to the predecessor Institute so abolished, all  authority, powers, and duties of a successor agency under Section 10-15 of the  Successor Agency Act.  (Source: P.A. 100-391, eff. 8-25-17.)