Authority: Discretionary Inclusion

A. Notwithstanding any other provision of law, in each fiscal year, public institutions of higher education shall limit the increase in all tuition and mandatory Educational and General fee charges for in-state undergraduate students, relative to the previous fiscal year charges, to the lower of 2.5 percent or the change in the U.S. Average Consumer Price Index for All Urban Consumers (CPI-U), as published by the U.S. Bureau of Labor Statistics, for the most recent 12 months at the time of approval by the Board of Visitors.

B. The State Council of Higher Education for Virginia shall certify whether each public institution has met the tuition requirement of paragraph A. and shall report its findings to the Governor, the Secretary of Education, and the Director of the Department of Planning and Budget by September 1 of each year.