HB6032 Summary

• Appropriates $24,720,800 to the Board of Trustees of Governors State University for fiscal year ending June 30, 2015, payable from the Education Assistance Fund.

• Personal Services allocation of $21,924,600 covers salaries and accrued but unpaid compensation to academic personnel for the 2014-2015 academic year.

• Additional allocations include $656,200 for Group Insurance, $1,725,000 for Contractual Services, $250,000 for Equipment, $75,000 for Commodities, and $90,000 for Awards and Grants.

• Act takes effect July 1, 2014.