Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE23. EDUCATION AND CULTURAL RESOURCES |
PART1037. CAPITAL IMPROVEMENT GRANTS TO NONPUBLIC INSTITUTIONS OF HIGHER LEARNING FOR LABORATORY, RESEARCH AND INSTRUCTIONAL AREA RENOVATION |
§1037.60. Funding Formula
Latest version.
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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.