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OK SB142
Bill
AI Summary
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Amends 70 O.S. 2001, Section 3218.8 to add annual tuition increase caps for Oklahoma higher education institutions, limiting increases to the lesser of 3% or the Consumer Price Index inflation rate.
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Requires comprehensive and regional universities to maintain resident tuition and mandatory fees below Big Twelve Conference averages as of March 28, 2003, and maintain nonresident fees below 105% of Big Twelve averages.
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Requires regional universities and two-year colleges to keep resident and nonresident tuition and fees competitive with comparable institutions in neighboring states.
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Preserves guaranteed tuition rate programs for first-time, full-time undergraduate students allowing rates to be locked for four consecutive academic years.
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Effective July 1, 2011, with emergency declaration for immediate effect.
Legislative Description
Act relating to higher education tuition and fees; specifying certain limits on resident tuition and fees. Effective date. Emergency.
Education - Higher
Last Action
Second Reading referred to Education Committee then to Appropriations Committee
2/8/2011