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2005 SESSION

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HB 2866 Restructured Higher Education Financial and Administrative Operations Act; created, report.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION:

Restructured Higher Education Financial and Administrative Operations Act.  Sets forth enabling legislation for the restructuring of public institutions of higher education (institutions) that will extend, upon the satisfaction of various conditions, autonomy, which includes but is not limited to, capital building projects, procurement and personnel, while providing oversight mechanisms and establishing certain expectations.  Under the bill, three levels of autonomy will be available to all public institutions of higher education with the level of autonomy depending on each institution's financial strength and ability to manage day-to-day operations.  The bill also requires such institutions to develop six-year academic, financial and enrollment plans that outline tuition and fee estimates as well as enrollment projections, to develop detailed plans for meeting statewide objectives, and to accept a number of accountability measures, including meeting benchmarks related to accessibility and affordability.  The Governor is required to submit his recommendations for the third level of autonomy as part of the budget bill or amendments to the budget bill for review and approval by the General Assembly.

SUMMARY AS PASSED:

Restructured Higher Education Financial and Administrative Operations Act. Sets forth enabling legislation for the restructuring of public institutions of higher education (institutions) that will extend, upon the satisfaction of various conditions, autonomy, which includes but is not limited to, capital building projects, procurement and personnel, while providing oversight mechanisms and establishing certain expectations. Under the bill, three levels of autonomy will be available to all public institutions of higher education with the level of autonomy depending on each institution's financial strength and ability to manage day-to-day operations. The bill also requires such institutions to develop six-year academic, financial and enrollment plans that outline tuition and fee estimates as well as enrollment projections, to develop detailed plans for meeting statewide objectives, and to accept a number of accountability measures, including meeting benchmarks related to accessibility and affordability. The bill further requires the Governor to establish an independent advisory board to develop and recommend administrative management standards for institutions. The Governor is required to submit his recommendations for the third level of autonomy as part the budget bill or amendments to the budget bill for review and approval by the General Assembly.

SUMMARY AS PASSED HOUSE:

Restructured Higher Education Financial and Administrative Operations Act. Sets forth enabling legislation for the restructuring of public institutions of higher education (institutions) that will extend, upon the satisfaction of various conditions, autonomy, which includes but is not limited to, capital building projects, procurement and personnel, while providing oversight mechanisms and establishing certain expectations. Under the bill, three levels of autonomy will be available to all public institutions of higher education with the level of autonomy depending on each institution's financial strength and ability to manage day-to-day operations. The bill also requires such institutions to develop six-year academic, financial and enrollment plans that outline tuition and fee estimates as well as enrollment projections that are submitted to the State Council of Higher Education, the Governor, and the Chairs of the House Committee on Appropriations and the Senate Committee on Finance. The bill requires institutions to develop detailed plans for meeting statewide objectives, and accept a number of accountability measures, including meeting benchmarks related to accessibility and affordability. The bill further requires the Governor to establish an independent advisory board to develop and recommend administrative management standards for institutions.

SUMMARY AS INTRODUCED:

Restructured Higher Education Financial and Administrative Operations Act.