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Financial Aid Appropriation Alignment

Concerning an exception for appropriations of less than two million dollars in new legislation to the requirement that appropriation increases for student financial aid align with appropriation increases to institutions of higher education.
2024 Regular Session
Education & School Finance (Pre & K-12)
Higher Education
Bill Summary

Current law requires that annual appropriations for student financial assistance increase by at least the same percentage as the aggregate percentage increase of all general fund appropriations to institutions of higher education. The act creates a limited exception for appropriations that are less than $2 million that are made through legislation other than the general appropriation act or supplemental appropriations acts.

APPROVED by Governor April 18, 2024

EFFECTIVE April 18, 2024
(Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    04/18/2024 Signed Act PDF
    04/12/2024 Final Act PDF
    04/05/2024 Rerevised PDF
    04/04/2024 Revised PDF
    04/01/2024 Reengrossed PDF
    03/28/2024 Engrossed PDF
    03/25/2024 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details