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Legislative Year: 2022 Change
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Bill Detail: SB22-121

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Title Tuition Revenue Pledged By Institution Higher Education
Status Governor Signed (04/07/2022)
Bill Subjects
  • Higher Education
House Sponsors B. McLachlan (D)
J. Rich (R)
Senate Sponsors R. Zenzinger (D)
C. Simpson (R)
House Committee Education
Senate Committee Education
Date Introduced 02/03/2022
Summary

The bill 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 bill 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.

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Fiscal Notes Fiscal Notes (06/15/2022) (most recent)  
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