HB-4103 Summary

• Amends the State School Aid Act of 1979 to appropriate funds for higher education for fiscal year ending September 30, 2016.

• Sets gross appropriation at $100.00 with funding sources including $100.00 in federal revenues, $100.00 in state restricted revenues, and $100.00 in general fund/general purpose money (placeholder amounts pending actual appropriation).

• Establishes intent to provide same appropriation levels for fiscal year 2016-2017 as fiscal year 2015-2016, with adjustments for caseload changes, federal fund match rates, economic factors, and available revenue determined after January 2016 consensus revenue estimating conference.

• Strikes all detailed university appropriation amounts and grant program allocations from the original bill text, replacing them with minimal placeholder figures.