summary
Introduced
10/11/2024
10/11/2024
In Committee
10/11/2024
10/11/2024
Crossed Over
Passed
Dead
01/08/2025
01/08/2025
Introduced Session
103rd General Assembly
Bill Summary
Creates the Adequate and Equitable Public University Funding Act. Provides that, after the effective date of the Act, all general operating expenses for public universities shall be distributed by the Board of Higher Education through a funding formula for eligible public institutions and shall be administered by the Board. Defines "eligible public institution". Sets forth provisions concerning the adequacy targets and resource profiles of eligible public institutions. Provides for the distribution of State appropriations and the calculation of the base funding minimum for each eligible public institution. Provides that the Board shall oversee an accountability and transparency framework for assessing the distribution and use of all funds appropriated by the funding formula and evaluating the funds' effects on institutional outcomes pertaining to student affordability, enrollment, persistence, and outcome metrics. Provides for reporting and the establishment of an Accountability and Transparency Committee. Provides that the Board shall establish a Funding Formula Review Panel tasked with studying and reviewing topics pertaining to the implementation and impact of the funding formula. Contains provisions concerning the Board's annual budget request and the collection of data. Amends the Board of Higher Education Act. Requires the Illinois Community College Board to annually submit its budget request for the next fiscal year by November 15 of the preceding calendar year. Removes certain provisions concerning budget proposals. Effective immediately.
AI Summary
This bill creates the Adequate and Equitable Public University Funding Act, which establishes a funding formula for public universities in Illinois. The key provisions of the bill are:
1. It sets up an adequate and equitable funding formula for public universities, which includes determining an adequacy target and resource profile for each eligible public institution, and using a distribution formula to allocate new state funding.
2. It defines important terms like "adequacy target," "resource profile," "equitable student share," and "underserved students," and outlines how these components are calculated.
3. It requires the Board of Higher Education to oversee an accountability and transparency framework, including annual reporting to the legislature on implementation and institutional outcomes.
4. It establishes a Funding Formula Review Panel to study and provide recommendations on the funding formula's implementation and impact.
5. It amends the Board of Higher Education Act to change the budget submission process for public universities and community colleges.
The overall goal of the bill is to ensure adequate, equitable, and stable funding for public universities in Illinois, with a focus on improving access, affordability, and outcomes for underserved student populations.
Sponsors (6)
Kimberly Lightford (D)*,
Javier Cervantes (D),
Mattie Hunter (D),
Adriane Johnson (D),
Dave Koehler (D),
Rachel Ventura (D),
Last Action
Session Sine Die (on 01/07/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3965&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| BillText | https://www.ilga.gov/legislation/103/SB/10300SB3965.htm |
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