2003 Session

Budget Amendments - SB700 (Committee Approved)

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Amend tuition policy for FY 2004 (language only)

Item 136 #3s

Item 136 #3s

Education: Elementary and Secondary
Education, Secretary of

Page 118, strike lines 24 through 33, and insert:
"E.1. a) Consistent with the authorization provided in § 4-2.01 b. of this act, the boards of visitors or other governing bodies of institutions of higher education shall determine tuition, fees, and charges for each fiscal year of the 2002-2004 biennium, provided that increases for the 2003-04 academic year not exceed five percent of the rates set by the boards for the 2002-03 academic year or $800 over 2001-02 rates,  whichever is less.  For purposes of calculating the five percent threshold, boards of visitors can include one-time surcharges adopted for the Spring 2003 semester; however, the surcharge amounts may not be annualized for the 2003-04 academic year."
Page 118, after line 33, insert:
"1.b)  The provisions of subparagraph 1.a. shall not apply to increases in tuition used to support the second year salary increases provided in Item 511.J. of this act."
Page 119, strike lines 16 through 20, and insert:
"7.  In accordance with Item 1.E. of this act and prior to the 2004 General Assembly Session, the Joint Subcommittee Studying Higher Education Funding Policies shall recommend a cost-sharing policy that includes a tuition policy as part of the General Assembly's ongoing efforts to fund higher education pursuant to the base adequacy guidelines.  The Joint Subcommittee shall also address funding and policy issues related to student financial aid."

(This amendment modifies the existing tuition policy to recognize the spring surcharge adopted by institutions this academic year, and to allow for additional increases in FY 2004 of five percent or $800 for the biennium, whichever is less. The amendment also directs the Joint Subcommittee Studying Higher Education Funding Policies to make recommendations to the 2004 General Assembly with respect to long-term tuition and financial aid policies.)