HIGHER ED-EXEC COMPENSATION Senate SponsorsSen. Thomas Cullerton 1/10/2017SenateSession Sine Die New ActCreates the Higher Education Executive Compensation Oversight Act. Provides that before the board of trustees of a community college district may enter into or amend a severance agreement with the president of a community college, the board must provide public notice of the severance agreement. Allows a petition to be filed objecting to the terms of the severance agreement, signed by 5% of the eligible voters that reside within the district. Provides that if such a petition is filed, the severance agreement is null and void. Provides that before the board of trustees of a public university may enter into or amend a severance agreement with an executive of the university, the board must provide public notice of the severance agreement and must submit the severance agreement to various committees of the General Assembly. Provides that the committees shall have 30 calendar days to review the severance agreement, and the severance agreement shall not become effective if, within 30 calendar days after its delivery to the committees, either chamber of the General Assembly disapproves the severance agreement. Provides that a severance agreement not so disapproved shall become effective by its terms, but not less than 30 calendar days after its delivery to the committees. Allows a board to enter into an executive severance agreement only if it has been reviewed by the committees and not otherwise disapproved. Effective immediately. 2/20/2015SenateFiled with Secretary by Sen. Thomas Cullerton 2/20/2015SenateFirst Reading 2/20/2015SenateReferred to Assignments 3/11/2015SenateAssigned to Higher Education 3/18/2015SenateTo Subcommittee on Public Higher Education Executive Compensation 3/20/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Thomas Cullerton 3/20/2015SenateSenate Committee Amendment No. 1 Referred to Assignments 3/24/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Higher Education 3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015 4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015 5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015 10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 10/10/2015SenateSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments 1/10/2017SenateSession Sine Die