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2019 SESSION

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SB 1616 Higher educational institutions, public; tuition and mandatory fees.

Introduced by: Frank W. Wagner | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Public institutions of higher education; tuition and mandatory fees. Declares the governing board of any public institution of higher education for which the average increase in the amount of undergraduate tuition and mandatory fees over the most recent 10-academic-year period exceeds the average increase in the amount of undergraduate tuition and mandatory fees over such period across each public institution of higher education ineligible to increase undergraduate tuition and mandatory fees for the subsequent academic year. The bill permits each other public institution of higher education to increase undergraduate tuition and mandatory fees for the subsequent academic year by a certain percentage, but prohibits any such percentage increase from exceeding the following product: the annual percentage increase in the average Consumer Price Index for all items, all urban consumers (CPI-U), as published by the Bureau of Labor Statistics of the U.S. Department of Labor, from January 1 through December 31 of the year immediately preceding the relevant academic year, multiplied by a certain factor that is based on the size of the increase in the undergraduate tuition and mandatory fees over the most recent 10-academic-year period.


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