HB6753 Summary

• Appropriates $36,773,400 total for the Board of Higher Education for fiscal year 2011, consisting of $27,993,400 in General Funds, $3,280,000 in Other State Funds, and $5,500,000 in Federal Funds.

• Allocates $2,976,000 from General Revenue Fund for Board of Higher Education operations including personal services ($2,238,800), contractual services ($568,500), and other administrative expenses.

• Appropriates $17,669,800 from General Revenue Fund to the Illinois Mathematics and Science Academy for ordinary and contingent expenses, with personal services representing $11,804,300 of the total.

• Provides $3,050,000 from the IMSA Income Fund for Academy operations and $546,600 for the Excellence 2000 Program in Mathematics and Science.

• Funds specialized higher education programs including nursing school grants ($880,000), Cooperative Work Study Programs ($1,230,000), and faculty diversity initiatives ($1,640,000).

• Takes effect July 1, 2010.