Bill > SB2586

This bill appropriates funds for Eastern Illinois University (EIU) for the fiscal year beginning July 1, 2025. The bill allocates $48,895,200 from the Education Assistance Fund to cover the university's operational expenses for the fiscal year ending June 30, 2026. Additionally, it provides $7,000 from the State College and University Trust Fund specifically for scholarship grant awards, and $500,000 from the General Revenue Fund for the Equity-based Student Achievement Program. These appropriations are designed to support the university's core functions, including operational costs, student scholarships, and initiatives aimed at promoting student success and equity. The bill specifies that these are maximum funding amounts, with the actual disbursement being "so much thereof as may be necessary," which provides flexibility in spending. The bill will take effect on July 1, 2025, ensuring that EIU has the necessary financial resources to support its educational mission for the upcoming fiscal year.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2586&GAID=18&DocTypeID=SB&SessionID=114&GA=104