HB 2311 Summary

• Requires Arizona Board of Regents to conduct a financial analysis by September 1, 2010 to determine state funding per full-time equivalent student at each university, with the highest level designated as the "core support level."

• Mandates that universities receiving state funding below the core support level submit five-year equalization plans beginning in fiscal year 2011-2012 demonstrating how incremental appropriations would equalize their per-student funding within five years.

• Requires affected universities to submit annual budget requests for equalization assistance, which the board must request as separate line items in its budget estimate to the legislature.

• Directs the board to recompute the core support level each August 1 and require universities to adjust their equalization plans accordingly by August 15.

• Makes technical grammar corrections throughout Section 15-1626 Arizona Revised Statutes.