HB 7149 Summary

• Deletes the requirement that the Board of Governors prepare campus development agreements and eliminates associated campus development agreement provisions from statute.

• Increases the Capital Improvement Trust Fund fee cap from 10 to 20 percent of tuition/tuition differential and increases the annual increase cap from $2 to $3 per credit hour for resident students.

• Expands the technology fee (up to 5 percent) to be used for technology-related facilities in addition to instructional technology resources.

• Authorizes the use of technology fees, sales and services of educational departments, and athletic fees to secure revenue bonds for university capital projects; allows auxiliary enterprise and royalty revenues to secure debt for academic, educational, and research facilities that are part of multipurpose projects.

• Reduces the cost threshold for university boards of trustees to utilize appropriated funds for minor facility replacement projects from $2 million to $1 million.