HB 2003 Summary

• Appropriates $1,202,578,131 total for higher education expenses for fiscal year July 1, 2012 through June 30, 2013, distributed across General Revenue Fund ($850.4M), Federal Funds ($7.1M), and Other Funds ($345.1M).

• Allocates $62.8M for Access Missouri Financial Assistance Program and $33M for A+ Schools Program to provide need-based aid and tuition assistance to eligible Missouri students.

• Provides $398.2M to University of Missouri for campus operations, excluding funds for political activities or Quality Rating Systems.

• Distributes $132.1M to community colleges and $4.6M to Linn State Technical College for general operations, maintenance, and repairs with state/local matching requirements.

• Funds $19.9M for Missouri Guaranteed Student Loan Program including default prevention, loan collection, and penalty payments to federal government.