Jump over the site's section navigation.

7.1.49 Appropriated Capital Funds

Policy

Capital funds are appropriated by the state of Illinois and are a separate appropriation from operating appropriations for the University. Typical requests made under the Capital Request are funds for:

  • Planning of a new building
  • Construction of new buildings
  • Site work for new buildings
  • Utilities for new buildings
  • Equipment for new buildings
  • Major repair of buildings funded by General Revenue accounts
  • Major remodeling of buildings funded by General Revenue accounts
  • Rehabilitation of buildings funded by General Revenue accounts

The general appropriation process includes the following steps:

  1. The University prepares the Capital Appropriation Request.
  2. The Board of Trustees acts upon the appropriation request and submits it to the Illinois Board of Higher Education (IBHE).
  3. The IBHE places the Capital Requests in a statewide priority and acts upon requests.
  4. The data is submitted to the Bureau of the Budget.
  5. The appropriation bill is drafted and sent to the State Legislature.
  6. The legislature acts upon the appropriation bill and sends it to the Governor.
  7. The Governor releases the funds.
  8. The University obligates and expends the funds.

Capital funds are released to the Capital Development Board. This board coordinates construction and approves all expenditures of the Capital appropriation.

Initiating body: Vice President for Finance and Planning

Contact: Comptroller's Office (309-438-5667)

Revised on: 04/2004


2011-12-15T11:16:51.234-06:00 2011
©