The money will not come from just the colleges, Williams said. Everybody will participate.

Shepherd said a share of the installment plan to pay off the bond issue will have to come from the colleges.

It could come to 2.5 to 3 percent, or slightly more, of budget for academic affairs, Shepherd said. The deans will be getting some share of this bill.

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Williams said his office of budgeting and information resources would have to pay $700,000 a year for 15 years or until the bond issue is paid off.

The other $10 million left from the bond issue would be used to buy a new financial accounting system for administrative purchasing, payroll, accounts received, accounts payable, and human resources.

It also will provide the money for a new gift accounting system for the SIU Foundation and a new patient billing system for the SIU School of Medicine.

SIUC President John Guyon said it could be months before anything happens.

The revenue bond is being debated but has not been presented to anybody in the University, Guyon said.