SB2429 Summary

• Appropriates $370,193,900 total to the Illinois Community College Board for fiscal year beginning July 1, 2013, consisting of $319,968,900 in General Funds and $50,225,000 in Other State Funds

• Allocates $1,985,700 from General Revenue Fund for Board operations including personal services ($1,182,000), electronic data processing ($398,600), contractual services ($300,000), and other administrative expenses

• Appropriates $253,394,000 from Education Assistance Fund for base operating grants ($181,313,900) and equalization grants ($72,080,100) to qualifying public community colleges

• Funds $55,524,000 for adult education and literacy activities from General Revenue Fund, ICCB Adult Education Fund, and other sources

• Appropriates $36,069,400 for career and technical education activities from General Revenue Fund ($17,569,400) and Career and Technical Education Fund ($18,500,000)