House Bill 603 Summary

• Appropriates $629,819,200 to Idaho's four-year universities and State Board of Education for fiscal year 2021 (July 1, 2020 – June 30, 2021), distributed among Boise State University ($240,763,900), Idaho State University ($150,977,900), University of Idaho ($193,239,600), Lewis-Clark State College ($37,595,100), and systemwide programs ($7,242,700)

• Reappropriates any unexpended and unencumbered balances from dedicated funds appropriated in fiscal year 2020 for nonrecurring expenditures in fiscal year 2021, with State Controller confirmation required

• Exempts the State Board of Education and Board of Regents from object and program transfer limitations, allowing unlimited transfers between object codes and programs except between different funds without legislative approval

• Allocates $902,600 from systemwide programs for the Office of the State Board of Education for accountability projects and $1,960,500 for the Higher Education Research Council's mission including infrastructure awards and Idaho Incubation Fund grants

• Authorizes the Division of Financial Management to approve expenditure of dedicated state funds for student tuition and fees adjustments during fiscal year 2021, with all approved adjustments reflected in fiscal year 2022 budget requests