HB24-1404
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.
Session:
2024 Regular Session
Subjects:
Bill Summary
Education & School Finance (Pre & K-12)
Higher Education
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.)