HB3929 Summary

• Appropriates $555,597,100 total to the Board of Trustees of the University of Illinois for fiscal year beginning July 1, 2017, comprised of $550,108,400 in General Funds and $5,488,700 in Other State Funds.

• Allocates $14,302,500 from the General Revenue Fund for Prairie Research Institute costs and expenses per Public Act 95-0728.

• Allocates $38,250,000 from the General Revenue Fund for University of Illinois Hospital operating costs and expenses.

• Appropriates $497,555,900 from the Education Assistance Fund for the University's operational expenses for fiscal year ending June 30, 2017.

• Provides supplemental appropriations from multiple specialized funds for Illinois Fire Service Institute ($4,338,700), scholarship grants ($250,000), mosquito abatement ($200,000 and $200,000), and hazardous waste research ($500,000).

• Effective date is July 1, 2017, conditioned upon Senate Bill 2063 (Unbalanced Budget Response Act) becoming law.