The News-Gazette Online: "Bill to restrict naming rights to be considered
By JODI HECKEL
� 2005 THE NEWS-GAZETTE
Published Online October 22, 2005
SPRINGFIELD – The General Assembly will consider legislation that would restrict naming rights for state- and university-owned property during its veto session.
Such legislation would hurt the University of Illinois' ability to raise money through private donations, said a representative of the UI Foundation.
The bill calls for the state's executive ethics commission to give prior approval to all corporate sponsorship and naming-rights deals. It would also require that the deals be competitively bid and that they expire after 10 years.
'I've been at the Foundation for over 25 years and I've been involved in a huge number of major gift scenarios for the University of Illinois,' said Bill Sturtevant, vice president for principal gifts for the Foundation, who was at a committee hearing Friday morning when a draft of the bill was discussed."
No comments:
Post a Comment