Changes the cap on tuition and fees charged at public higher education institutions
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SECOND REGULAR SESSION
SENATE BILL NO. 912
173.1003. 1. Beginning with the 2008-09 academic year, each approved public institution, as such term is defined in section 173.1102, shall submit its percentage change in the amount of tuition from the current academic year compared to the upcoming academic year to the coordinating board for higher education by July first preceding such academic year. 2. For institutions whose tuition is greater than the average tuition, the percentage change in tuition shall not exceed [the percentage change of] the consumer price index [or zero, whichever is greater] plus ten percent. 3. For institutions whose tuition is less than the average tuition, the dollar increase in tuition shall not exceed [the product of zero or the percentage change of] the consumer price index[, whichever is greater, times the average tuition] plus ten percent. 4. If a tuition increase exceeds the limits set forth in subsections 2 or 3 of this section, then the institution shall be subject to the provisions of subsection 5 of this section. 5. Any institution that exceeds the limits set forth in subsections 2 or 3 of this section shall remit to the board an amount equal to five percent of its current year state operating appropriation amount which shall be deposited into the general revenue fund [unless the institution appeals, within thirty days of such notice, to the commissioner of higher education for a waiver of this
intended to be omitted in the law. EXPLANATION--Matter enclosed in bold-faced brackets [thus] in this bill is not enacted and is intended to be omitted in the law.
99TH GENERAL ASSEMBLY
INTRODUCED BY SENATOR ROWDEN.
Read 1st time January 16, 2018, and ordered printed.
5852S.01I
ADRIANE D. CROUSE, Secretary.
AN ACT
To repeal section 173.1003, RSMo, and to enact in lieu thereof one new section
relating to tuition at public higher education institutions.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Section 173.1003, RSMo, is repealed and one new section enacted in lieu thereof, to be known as section 173.1003, to read as follows:
Nothing in this section shall be construed to usurp or preclude the ability of the governing board of an institution of higher education to establish tuition or required fee rates.
The provisions of subsections 2 to 5 of this section shall not apply to
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