Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 1037 - CAPITAL IMPROVEMENT GRANTS TO NONPUBLIC INSTITUTIONS OF HIGHER LEARNING FOR LABORATORY, RESEARCH AND INSTRUCTIONAL AREA RENOVATION
Section 1037.60 - Funding Formula
Universal Citation: 23 IL Admin Code ยง 1037.60
Current through Register Vol. 48, No. 12, March 22, 2024
A minimum grant of $10,000 will be allocated to each institution determined to be eligible for a grant under this Part. The remainder of funds appropriated for this program will be allocated among eligible institutions in accordance with a formula based on the ratio of the individual applicant institution's eligible gross square feet to the combined total of all applicant institutions' total eligible gross square feet.
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