Ill. Admin. Code tit. 23, § 1000.40 - The Formula For Funding
Current through Register Vol. 46, No. 15, April 8, 2022
a)
Institutional grants shall be determined by allocating the annual appropriation
for this Act among the eligible institutions in accordance with a formula based
on the number of full-time-equivalent (FTE) undergraduate, Illinois resident
students enrolled at each eligible institution with double credit being given
to the FTE of such students who are junior or senior (upper division) students
at such institutions.
b) Reductions
will be made on an institution's grant where the enrollment audit of the
previous fiscal year identifies an overpayment made in that previous fiscal
year.
Notes
Amended at 14 Ill. Reg. 2030, effective January 18, 1990
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