SB2159 Summary

• Limits severance for university presidents and chancellors to one year of salary and benefits across all state universities and community colleges.

• Restricts employment contracts with determinate start and end dates to a maximum of 4 years with no automatic rollover clauses.

• Requires all final contract actions (formation, renewal, extension, or termination) for presidents and chancellors to occur during open board meetings with public notice compliant with the Open Meetings Act.

• Mandates board approval in open meetings for any performance-based bonuses or incentive compensation, with performance criteria made public at least 48 hours before approval.

• Requires annual performance reviews of presidents and chancellors that must be considered when boards contemplate bonuses, raises, or severance agreements, with board minutes and performance reviews posted on institutional websites.