HB 2003 Summary

• Appropriates $1,231,482,827 total for the Department of Higher Education and Missouri higher education institutions for fiscal year 2010-2011

• Provides $911.6 million from General Revenue Fund, $39.9 million from Federal Budget Stabilization Fund, and $273.7 million from other state and federal funds

• Funds student financial assistance programs including Academic Scholarships ($16.4 million), Access Missouri grants ($82.8 million), A+ Schools Program ($22.4 million), and various other scholarship programs

• Distributes funding to state universities including University of Missouri ($428.2 million), Missouri State University ($85.4 million), Truman State University ($42.9 million), and five other public universities

• Provides $140.9 million in support for community colleges and funds multiple higher education support programs including loan guarantee operations, student loan reserve funds, and various specialized programs