HB4338 Summary

• Appropriates $124,937,700 from the General Revenue Fund to Northern Illinois University Board of Trustees for fiscal year ending June 30, 2010.

• Personal services funding of $104,273,900 includes salaries and accrued but unpaid compensation to academic personnel for the 2008-2009 academic year.

• Additional appropriations cover state contributions to Social Security and Medicare ($1,133,500), group insurance ($2,337,300), contractual services ($10,472,000), equipment ($2,601,800), and other operational expenses.

• Appropriates $36,000 from the State College and University Trust Fund for scholarship grant awards in accordance with Public Act 91-0083.

• Act becomes effective July 1, 2009.