Loading chat...
ID H0412
Bill
Status
Introduced
1/29/2016
Primary Sponsor
Paulette Jordan
Click for details
AI Summary
- Increases the number of separate accounts within the Higher Education Stabilization Fund from three to four accounts
- Creates a new tuition stabilization account that receives transfers from the budget stabilization fund when annual receipts reach at least $420,000,000
- Transfers 0.1% of budget stabilization fund collections exceeding $420,000,000 to the tuition stabilization account in four equal installments during September, December, March, and June
- Restricts tuition stabilization account funds to supplement general fund appropriations for Idaho's four-year public higher education institutions to stabilize resident undergraduate tuition costs
- Limits annual resident undergraduate tuition increases at public four-year institutions to a percent not exceeding the three-year rolling average increase in the state's median family income
Legislative Description
Amends existing law to provide for the Tuition Stabilization Account in the Higher Education Stabilization Fund.
EDUCATION
Last Action
Reported Printed and Referred to Ways & Means
2/1/2016
Full Bill Text
No bill text available