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SB22-121

Tuition Revenue Pledged By Institution Higher Education

Concerning increasing the amount of tuition revenues pledged by an institution of higher education.
Session:
2022 Regular Session
Subject:
Higher Education
Bill Summary

The act increases, from 10% to 100%, the amount of tuition revenues that a governing board of an institution of higher education or group of institutions of higher education designated as an enterprise may pledge in a contract for the advancement of money. If an institution of higher education issues a revenue bond and the governing board of the institution wants the bond to be an intercept bond, the act raises the amount of the pledged revenue for the new intercept bond from not less than 10% of tuition to not less than 100% of tuition if the institution is an enterprise.


(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    04/07/2022 Signed Act PDF
    04/01/2022 Final Act PDF
    03/25/2022 Rerevised PDF
    03/22/2022 Revised PDF
    02/24/2022 Reengrossed PDF
    02/23/2022 Engrossed PDF
    02/03/2022 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. C. Simpson, Sen. R. Zenzinger
Rep. B. McLachlan, Rep. J. Rich

Sponsor

Co-sponsor


Rep. J. Bacon, Rep. T. Bernett, Rep. S. Bird, Rep. A. Boesenecker, Rep. Y. Caraveo, Rep. L. Cutter, Rep. M. Duran, Rep. T. Exum, Rep. M. Froelich, Rep. S. Gonzales-Gutierrez, Rep. I. Jodeh, Rep. C. Kipp, Rep. M. Lindsay, Rep. S. Lontine, Rep. J. McCluskie, Rep. K. McCormick, Rep. D. Michaelson Jenet, Rep. D. Ortiz, Rep. E. Sirota, Rep. B. Titone, Rep. A. Valdez, Rep. D. Valdez

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