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Bill > SB2433


IL SB2433

IL SB2433
$OCE-IMSA


summary

Introduced
02/07/2025
In Committee
03/04/2025
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Appropriates $26,282,000 from the Education Assistance Fund to the Illinois Mathematics and Science Academy to meet its ordinary and contingent expenses for the fiscal year ending June 30, 2026. Appropriates $5,925,000 from the IMSA Income Fund to the Illinois Mathematics and Science Academy to meet its ordinary and contingent expenses for the fiscal year ending June 30, 2026. Effective July 1, 2025.

AI Summary

This bill appropriates a total of $32,207,000 to the Illinois Mathematics and Science Academy (IMSA) for its operational expenses in the fiscal year ending June 30, 2026. Specifically, the bill allocates $26,282,000 from the Education Assistance Fund and an additional $5,925,000 from the IMSA Income Fund. The language allows for the possibility that less than the full appropriated amount might be spent, as indicated by the phrase "or so much of that amount as may be necessary." IMSA is a specialized public school focused on educating students with high potential in mathematics and science, and this appropriation will help support its day-to-day operations and expenses. The bill is set to become effective on July 1, 2025, which marks the beginning of the fiscal year for which the funds are designated.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Pursuant to Senate Rule 3-9(b) / Referred to Assignments (on 07/02/2025)

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