EQUITABLE UNIVERSITY FUNDING House SponsorsRep. Carol Ammons-Norma Hernandez-Barbara Hernández-Rita Mayfield-Theresa Mah, Marcus C. Evans, Jr., Maurice A. West, II, Kevin John Olickal, Diane Blair-Sherlock, Robert "Bob" Rita, Lilian Jiménez, Yolonda Morris, Laura Faver Dias, Will Guzzardi, William "Will" Davis, Cyril Nichols, Kam Buckner, Nicholas K. Smith, Anna Moeller and Kelly M. Cassidy 1/7/2025HouseSession Sine Die New Act110 ILCS 205/8from Ch. 144, par. 188 Creates the Adequate and Equitable Public University Funding Act. Provides that all general operating expenses for public universities shall be distributed by the Board of Higher Education through a funding formula for eligible public institutions and shall be administered by the Board. Defines "eligible public institution". Sets forth provisions concerning the adequacy targets and resource profiles of eligible public institutions. Provides for the distribution of State appropriations and the calculation of the base funding minimum for each eligible public institution. Provides that the Board shall oversee an accountability and transparency framework for assessing the distribution and use of all funds appropriated by the funding formula and evaluating the funds' effects on institutional outcomes pertaining to student affordability, enrollment, persistence, and outcome metrics. Provides for reporting and the establishment of an Accountability and Transparency Committee. Provides that the Board shall establish a Funding Formula Review Panel tasked with studying and reviewing topics pertaining to the implementation and impact of the funding formula. Contains provisions concerning the Board's annual budget request and the collection of data. Amends the Board of Higher Education Act. Removes certain provisions concerning budget proposals. Effective immediately. 11/12/2024HouseFiled with the Clerk by Rep. Carol Ammons 11/12/2024HouseFirst Reading 11/12/2024HouseReferred to Rules Committee 11/13/2024HouseAdded Chief Co-Sponsor Rep. Norma Hernandez 11/13/2024HouseAdded Chief Co-Sponsor Rep. Barbara Hernández 11/13/2024HouseAdded Chief Co-Sponsor Rep. Rita Mayfield 11/13/2024HouseAdded Chief Co-Sponsor Rep. Theresa Mah 11/13/2024HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr. 11/13/2024HouseAdded Co-Sponsor Rep. Maurice A. West, II 11/13/2024HouseAdded Co-Sponsor Rep. Kevin John Olickal 11/13/2024HouseAdded Co-Sponsor Rep. Diane Blair-Sherlock 11/13/2024HouseAdded Co-Sponsor Rep. Robert "Bob" Rita 11/13/2024HouseAdded Co-Sponsor Rep. Lilian Jiménez 11/13/2024HouseAdded Co-Sponsor Rep. Yolonda Morris 11/13/2024HouseAdded Co-Sponsor Rep. Laura Faver Dias 11/13/2024HouseAdded Co-Sponsor Rep. Will Guzzardi 11/13/2024HouseAdded Co-Sponsor Rep. William "Will" Davis 11/15/2024HouseAdded Co-Sponsor Rep. Cyril Nichols 11/20/2024HouseAdded Co-Sponsor Rep. Kam Buckner 11/20/2024HouseAdded Co-Sponsor Rep. Nicholas K. Smith 11/20/2024HouseAdded Co-Sponsor Rep. Anna Moeller 11/20/2024HouseAdded Co-Sponsor Rep. Kelly M. Cassidy 1/7/2025HouseSession Sine Die