Establishes an adequate and equitable funding formula for public universities in Illinois.
The Adequate and Equitable Public University Funding Act creates a funding formula for public universities in Illinois. The Board of Higher Education will distribute funds based on an adequacy target for each eligible public institution, which includes components for instruction and student services, research and public service mission, and operations and maintenance. The formula also includes adjustments for access support, high-cost programs, diversity programs, and other factors.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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