State of Illinois
92nd General Assembly

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 1        AN ACT in relation to higher education.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.  The  Illinois  Financial  Assistance Act for
 5    Nonpublic Institutions  of  Higher  Learning  is  amended  by
 6    changing Section 3 as follows:

 7        (110 ILCS 210/3) (from Ch. 144, par. 1333)
 8        Sec.  3.   For  the  academic year beginning September 1,
 9    1977, institutional grants shall be made  for  that  and  for
10    each  succeeding  academic year to each nonpublic institution
11    of higher learning in  an  amount  determined  by  allocating
12    amounts  for funding this Act among the eligible institutions
13    in accordance with a formula based on the number of full-time
14    equivalent undergraduate students who are  residents  of  the
15    State   of   Illinois  enrolled  as  students  at  each  such
16    institution, with double credit being given to the  full-time
17    equivalent of such students who are junior or senior students
18    at  such  institutions.  The  number  of full-time equivalent
19    undergraduate  students  enrolled   at   eligible   nonpublic
20    institutions of higher learning shall be determined as of the
21    first  day  of  the  fourth week of classes of the fall term.
22    The Board of Higher Education shall establish guidelines  and
23    adopt rules necessary for the administration of this Act.
24        Conditions  of institutional eligibility for these grants
25    shall include but need not be limited to the following:
26        (1)  That the governing board of the institution  possess
27    its own sovereignty.
28        (2)  That   the   governing   board,   or  its  delegated
29    institutional  officials,  possess  final  authority  in  all
30    matters  of  local  control,  including  educational  policy,
31    choice of personnel, determination of program, and  financial
                            -2-                LRB9205991NTsb
 1    management.
 2        (3)  That  the  institution  possess and maintain an open
 3    policy with respect to race, creed and color as to  admission
 4    of students, appointment of faculty and employment of staff.
 5        (4)  That  the  institution  be  able to show its current
 6    financial stability and reasonable prospects for  its  future
 7    stability.
 8        (5)  That the institution not be operated for profit.
 9        (6)  That the institution provide a full financial report
10    including a certified audit, and participate in the unit cost
11    study  and  other  studies conducted annually by the Board of
12    Higher Education.
13        (7)  If  required  by  rule  of  the  Board,   that   the
14    institution  submit to an additional annual external audit of
15    its enrollment records and nonsectarian use of funds.
16    (Source: P.A. 84-834.)

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