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IL SB0013

IL SB0013
EQUITABLE UNIVERSITY FUNDING


summary

Introduced
01/13/2025
In Committee
06/02/2025
Crossed Over
Passed
Dead

Introduced Session

Potential new amendment
104th 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. Removes certain provisions concerning budget proposals. Effective immediately.

AI Summary

This bill creates the Adequate and Equitable Public University Funding Act, which establishes a comprehensive new funding formula for public universities in Illinois designed to address historical funding inequities and support student success. The bill introduces a complex funding mechanism that calculates each eligible public institution's "adequacy target" based on factors like student population, institutional mission, and specific student support needs. The funding formula aims to provide more targeted and equitable financial support by considering various adjustments for access, student support, instructional programs, and institutional characteristics. Key provisions include creating an Accountability and Transparency Committee to oversee fund distribution and a Funding Formula Review Panel to continuously study and improve the funding approach. The bill seeks to reduce disparities in university access and affordability by providing additional funding for institutions serving underrepresented and at-risk student populations, with a focus on closing enrollment, retention, and completion gaps. The funding model will distribute state appropriations using a combination of base funding and new formula funding, with mechanisms to ensure stability and predictability in university funding while incentivizing institutions to reduce student tuition reliance and improve student outcomes.

Committee Categories

Government Affairs

Sponsors (12)

Last Action

Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments (on 06/02/2025)

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