University of Illinois to push for full state funding

In return, the university would receive guaranteed funding for five years, regulatory relief and procurement reform, which faculty members have requested to accelerate the process of buying research equipment and other materials.

University officials are scheduled to roll out the proposed new contract with the state at its board of trustees' meeting Nov. 10.

The plan will be to report the university's progress on the educational benchmarks each year, with information posted to the university's website so it can be checked by legislators.