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2011 SESSION

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SB 1484 Restructured Higher Education Financial and Administrative Operations Act; use of nongeneral fund.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Restructured Higher Education Financial and Administrative Operations Act; use of nongeneral fund revenues.  Provides that nongeneral fund revenues of institutions of higher education under a management agreement pursuant to the Restructuring Act that are deposited in the state treasury shall only be expended for the educational and general or auxiliary enterprise purposes for which they were received. Such revenues shall in no case be transferred to the general fund.


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