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CO SB121
Bill
AI Summary
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Increases the maximum percentage of tuition revenues that higher education institutions can pledge from 10 percent to 100 percent for revenue bonds and other financial obligations.
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Applies to state educational institutions designated as enterprises under Colorado law that have entered into contracts for advancement of money.
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Maintains existing conditions that institutions pledging 100 percent of tuition revenues must not be subject to the higher education revenue bond intercept program and must have no existing contracts subject to that program.
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Requires that any pledge of tuition revenues includes a process for student input consistent with the institution's student fees plan.
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Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, or safety.
Legislative Description
Tuition Revenue Pledged By Institution Higher Education
Last Action
Governor Signed
4/7/2022