TITLE 23: EDUCATION AND CULTURAL RESOURCES
SUBTITLE A: EDUCATION CHAPTER II: BOARD OF HIGHER EDUCATION PART 1020 HEALTH SERVICES EDUCATION GRANTS ACT SECTION 1020.40 GRANT RATES AND ALLOCATIONS
Section 1020.40 Grant Rates and Allocations
a) Grant Rates
1) Illinois Resident Grants
2) Minority Incentive Grants
b) Grant Allocations.
1) Illinois Resident Grants and Minority Incentive Grants. Grant allocations to institutions shall be determined annually, based upon funds appropriated under the Act, the grant amounts specified in subsection (a), and the actual number of Illinois resident enrollments eligible for grant support. In the event that funding is not sufficient to support the payment of grants at the annual grant rate, the grant rates shall be prorated on the basis of eligible enrollments and available funding.
2) Program Priority Grants. Grant allocations to institutions shall be determined annually based on funding designated for these grants, the grant amounts specified in subsection (a), and the actual number of Illinois residents eligible for grant support. These grants may be used to restore reduced or prorated grant rates to the annual grant rates specified in subsection (a).
(Source: Amended at 30 Ill. Reg. 7745, effective April 5, 2006) |