HB5718 Summary

• Appropriates $720,441,100 total to the University of Illinois Board of Trustees for fiscal year beginning July 1, 2024, comprised of $710,413,300 in General Funds, $9,871,200 in Other State Funds, and $156,600 in Federal Funds.

• Allocates $644,640,400 from the Education Assistance Fund for operational expenses and includes specific funding for Labor and Employment Relations programs ($2,304,400), Hispanic Center for Excellence ($750,000), and Dixon Springs Agricultural Center ($283,500).

• Appropriates $40,380,600 from General Revenue Fund for University of Illinois Hospital operating costs and $3,000,000 for Illinois Innocence Project at UIC Springfield.

• Provides $5,671,200 from Fire Prevention Fund for Illinois Fire Service Institute and $2,000,000 from Coal Technology Development Assistance Fund for carbon dioxide capture technology research at the Prairie Research Institute.

• Allocates $2,000,000 from General Revenue Fund for University's Climate Jobs Institute and $156,600 from State Coronavirus Urgent Remediation Emergency Fund for water rates reporting costs; takes effect July 1, 2024.