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| [ Engrossed ] | [ House Amendment 001 ] |
91_HB3576
LRB9110930NTks
1 AN ACT to amend the Illinois Financial Assistance Act for
2 Nonpublic Institutions of Higher Learning by changing Section
3 3.
4 Be it enacted by the People of the State of Illinois,
5 represented in the General Assembly:
6 Section 5. The Illinois Financial Assistance Act for
7 Nonpublic Institutions of Higher Learning is amended by
8 changing Section 3 as follows:
9 (110 ILCS 210/3) (from Ch. 144, par. 1333)
10 Sec. 3. Grants. For the academic year beginning
11 September 1, 1977, institutional grants shall be made for
12 that and for each succeeding academic year to each nonpublic
13 institution of higher learning in an amount determined by
14 allocating amounts for funding this Act among the eligible
15 institutions in accordance with a formula based on the number
16 of full-time equivalent undergraduate students who are
17 residents of the State of Illinois enrolled as students at
18 each such institution, with double credit being given to the
19 full-time equivalent of such students who are junior or
20 senior students at such institutions. The number of full-time
21 equivalent undergraduate students enrolled at eligible
22 nonpublic institutions of higher learning shall be determined
23 as of the first day of the fourth week of classes of the fall
24 term. The Board of Higher Education shall establish
25 guidelines and adopt rules necessary for the administration
26 of this Act.
27 Conditions of institutional eligibility for these grants
28 shall include but need not be limited to the following:
29 (1) That the governing board of the institution possess
30 its own sovereignty.
31 (2) That the governing board, or its delegated
-2- LRB9110930NTks
1 institutional officials, possess final authority in all
2 matters of local control, including educational policy,
3 choice of personnel, determination of program, and financial
4 management.
5 (3) That the institution possess and maintain an open
6 policy with respect to race, creed and color as to admission
7 of students, appointment of faculty and employment of staff.
8 (4) That the institution be able to show its current
9 financial stability and reasonable prospects for its future
10 stability.
11 (5) That the institution not be operated for profit.
12 (6) That the institution provide a full financial report
13 including a certified audit, and participate in the unit cost
14 study and other studies conducted annually by the Board of
15 Higher Education.
16 (7) If required by rule of the Board, that the
17 institution submit to an additional annual external audit of
18 its enrollment records and nonsectarian use of funds.
19 (Source: P.A. 84-834.)