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SPONSOR: |
SFC |
DATE
TYPED: |
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HB |
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SHORT
TITLE: |
Tuition
Scholarships |
SB |
377/SFCS |
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ANALYST: |
Williams |
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APPROPRIATION
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Appropriation Contained |
Estimated Additional
Impact |
Recurring or Non-Rec |
Fund Affected |
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FY03 |
FY04 |
FY03 |
FY04 |
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$170.0 |
Recurring |
Lottery Tuition |
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(Parenthesis ( ) Indicate
Expenditure Decreases)
Relates to SB 27,
SB 77, SB 217, SB 373
Relates to HB 32,
HB 81/a, HB 125, HB 171/a, HB 807, HB 885
LFC Files
Commission on Higher Education
SUMMARY
Synopsis of Bill
The Senate Finance Committee substitute for Senate Bill 377 makes technical changes regarding the use of institutional funds among the community colleges and universities by eliminating the requirement for two-year schools to use certain other scholarship funds before granting lottery tuition scholarships.
FISCAL IMPLICATIONS
The recurring, incremental fiscal impact to the lottery scholarship fund is estimated to be $170.0.
OTHER SUBSTANTIVE ISSUES
According to a recent budget analysis of the Lottery Success Scholarship Program, fund balances are expected to increase through FY08, and the fund will support current eligibility guidelines and demographic projections through 2013. However, recurring expenditure growth is projected by CHE to exceed recurring revenue growth in FY09. The CHE does not support changes to the Lottery Success Scholarship program.