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FL H1151
Bill
Status
Failed
3/8/2024
Primary Sponsor
Postsecondary Education & Workforce Subcommittee
Click for details
AI Summary
- Extends the contract purchase date cutoff for the Florida Prepaid College Board's tiered payment structure to state universities from July 1, 2024 to July 1, 2034, maintaining the actuarial reserve-based payment formula for contracts purchased before that date
- Revises the definition of "tuition differential" by removing the fixed base rate of $37.03 per credit hour established for the 2012-2013 fiscal year and instead ties payments to the amount assessed in the preceding year
- Changes the tuition differential payment calculation from using a "base rate" to using the "amount assessed" for the tuition differential fee in the preceding fiscal year, aligning it with how registration fees are already calculated
- Requires the board to pay state universities the actual amount assessed for registration fees, tuition differential, local fees, and dormitory fees for advance payment contracts purchased on or after July 1, 2034 (previously July 1, 2024)
- Effective date is July 1, 2024
Legislative Description
Stanley G. Tate Florida Prepaid College Program
Last Action
Died in Education & Employment Committee
3/8/2024
Committee Referrals
Education & Employment Committee1/29/2024
Postsecondary Education & Workforce Subcommittee1/9/2024
Full Bill Text
No bill text available