Bill Summary: SB 2443

• Appropriates funds for fiscal year 2012-2013 to Illinois higher education institutions including Chicago State University, community colleges, universities, and student assistance programs from various state funds.

• Allocates $36.3 million to Chicago State University for personal services, group insurance, and awards; allocates over $400 million to Illinois Community College Board for base operating grants, equalization grants, adult education, and career/technical education programs.

• Appropriates funds to six public universities (Eastern Illinois, Governors State, Illinois State, Northeastern Illinois, Northern Illinois, and Southern Illinois) totaling approximately $500 million for personal services, benefits, and operational expenses for fiscal year 2012-2013.

• Allocates $599 million to University of Illinois for personal services, benefits, contractual services, and specific programs including the Fire Prevention Fund ($3.4 million) and Hospital operations ($45 million).

• Appropriates approximately $800 million to Illinois Student Assistance Commission for Monetary Award Program grants, scholarship programs, loan administration, and federal student loan guarantees from multiple dedicated funds.