Bill > SB2588

This bill appropriates $41,981,500 from the Education Assistance Fund to the Board of Trustees of Northeastern Illinois University (NEIU) for the fiscal year ending June 30, 2026, to cover the university's operational expenses. The funding is intended to support the ordinary and contingent expenses of the institution, ensuring that NEIU can continue its educational operations. The appropriation is flexible, allowing the university to use up to the specified amount as necessary for its operational needs. The bill specifies that the act will take effect on July 1, 2025, which marks the beginning of the fiscal year for which the funds are allocated. This type of appropriation bill is a standard mechanism for state governments to provide funding to public educational institutions, ensuring they have the financial resources needed to maintain their programs and services.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2588&GAID=18&DocTypeID=SB&SessionID=114&GA=104