Bill Status of SB 3965   103rd General Assembly

Short Description:  EQUITABLE UNIVERSITY FUNDING

Senate Sponsors
Sen. Kimberly A. Lightford-Javier L. Cervantes, Adriane Johnson-David Koehler, Mattie Hunter and Rachel Ventura

Last Action  View All Actions

DateChamber Action
  10/11/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
New Act
110 ILCS 205/8from Ch. 144, par. 188

Synopsis As Introduced
Creates the Adequate and Equitable Public University Funding Act. Provides that, after the effective date of the Act, all general operating expenses for public universities shall be distributed by the Board of Higher Education through a funding formula for eligible public institutions and shall be administered by the Board. Defines "eligible public institution". Sets forth provisions concerning the adequacy targets and resource profiles of eligible public institutions. Provides for the distribution of State appropriations and the calculation of the base funding minimum for each eligible public institution. Provides that the Board shall oversee an accountability and transparency framework for assessing the distribution and use of all funds appropriated by the funding formula and evaluating the funds' effects on institutional outcomes pertaining to student affordability, enrollment, persistence, and outcome metrics. Provides for reporting and the establishment of an Accountability and Transparency Committee. Provides that the Board shall establish a Funding Formula Review Panel tasked with studying and reviewing topics pertaining to the implementation and impact of the funding formula. Contains provisions concerning the Board's annual budget request and the collection of data. Amends the Board of Higher Education Act. Requires the Illinois Community College Board to annually submit its budget request for the next fiscal year by November 15 of the preceding calendar year. Removes certain provisions concerning budget proposals. Effective immediately.

Actions 
DateChamber Action
  10/11/2024SenateFiled with Secretary by Sen. Kimberly A. Lightford
  10/11/2024SenateFirst Reading
  10/11/2024SenateReferred to Assignments
  11/13/2024SenateAdded as Chief Co-Sponsor Sen. Javier L. Cervantes
  11/19/2024SenateAdded as Co-Sponsor Sen. Adriane Johnson
  11/20/2024SenateAdded as Chief Co-Sponsor Sen. David Koehler
  11/20/2024SenateAdded as Co-Sponsor Sen. Mattie Hunter
  11/21/2024SenateAdded as Co-Sponsor Sen. Rachel Ventura

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