2001 Session

Budget Amendments - HB1600 (Committee Approved)

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Maintenance Fee for Colleges (language only)

Item 4-2.01 #2h

Item 4-2.01 #2h

Nongeneral Fund Revenues

Page 583, line 31, after "act", insert:
"and, in fiscal year 2002, a fee not to exceed $1.00 per credit hour to be used solely for operation and maintenance of educational facilities.  Institutions of higher education may use the additional revenue generated by this fee for facility operating cost increases or for approved maintenance reserve projects, in conformance with Item C-200. of this act".

(This amendment authorizes colleges and universities to increase educational and general fees by $1.00 per credit hour for in-state undergraduate students, provided that the additional funds are used solely for the operation and maintenance of educational facilities. Institutions may use the additional revenue from this fee increase to supplement their operating appropriations or for maintenance reserve projects. Existing language allows institutions to increase revenues from in-state graduate students and all out-of-state students, the total of which also could be applied to operation and maintenance costs.)