Bill > SB2591

This bill provides appropriations (allocated funding) for Northern Illinois University for the fiscal year beginning July 1, 2025, with two specific funding allocations: first, $103,639,900 from the Education Assistance Fund to support the university's operational expenses for the fiscal year ending June 30, 2026, and second, $22,000 from the State College and University Trust Fund specifically designated for scholarship grant awards. The bill includes language specifying that these amounts are maximum allocations, meaning the university can receive up to these amounts as needed, but not necessarily the full amount. The legislation will take effect on July 1, 2025, which aligns with the start of the fiscal year for which the appropriations are being made. This type of bill is a standard appropriations measure that provides financial resources to support the operations and student support programs of a public university.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2591&GAID=18&DocTypeID=SB&SessionID=114&GA=104