SB2446 Summary

• Appropriates $35,498,400 total for the Board of Higher Education and Illinois Mathematics and Science Academy for fiscal year ending June 30, 2014, comprised of $25,918,400 in General Funds, $4,080,000 in Other State Funds, and $5,500,000 in Federal Funds.

• Allocates $2,701,000 from General Revenue Fund to Board of Higher Education for ordinary and contingent expenses including personal services, contractual services, travel, and equipment.

• Provides funding for specialized programs including $588,100 for P-20 Longitudinal Education Data System, $1,584,600 for Diversifying Higher Education Faculty program, and $910,700 for Grow Your Own Teachers Program.

• Appropriates $16,880,300 from Education Assistance Fund and $3,050,000 from IMSA Income Fund to Illinois Mathematics and Science Academy for personnel, contractual services, travel, commodities, and equipment.

• Takes effect July 1, 2013.