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2005 Session

Budget Amendments - SB700 (Member Request)

Chief Patron: Edwards
Tuition Rollback Central Account

Item 506.20 #3s

Item 506.20 #3s

First Year - FY2005 Second Year - FY2006
Central Appropriations
Central Appropriations FY2005 $0 FY2006 $114,000,000 GF

Language
Page 471, after line 44, insert:
"Out of this appropriation, $114,000,000 is provided from the general fund to offset foregone tuition revenue resulting from a 20 percent rollback in tuition pursuant to Senate Bill 1066.  The Department of Planning and Budget shall allocate these funds by institution based on the level of foregone revenues at each college or university. "


Explanation
(This amendment provides the general fund support needed to offset foregone nongeneral fund revenue resulting from a 20 percent rollback in tuition as provided for in Senate Bill 1066. This amendment is contingent upon final passage of Senate Bill 1066.)