SB1642 Summary

• Amends governance acts for all major Illinois public universities to exempt indirect cost reimbursements from board expenditure limitations.

• Applies to University of Illinois, Southern Illinois University, Chicago State University, Eastern Illinois University, Governors State University, Illinois State University, Northeastern Illinois University, Northern Illinois University, and Western Illinois University.

• Indirect cost reimbursements (typically overhead recovered from federal research grants) will no longer count against any spending caps established by each university's governing board.