Bill > SB0192

This bill appropriates $26 million from the General Revenue Fund to the Illinois Student Assistance Commission (ISAC) to help cover the expenses of public universities and community colleges related to two specific grant programs. These programs - the Illinois Veteran grant program and the Illinois National Guard and Naval Militia grant program - provide financial assistance to veterans and members of the state's military forces to support their higher education. The bill specifies that the funds will be used to reimburse educational institutions for the costs associated with these grant programs, ensuring that veterans and National Guard members can access educational opportunities. The appropriation will become effective on July 1, 2025, giving institutions and the commission time to plan for the funding allocation.