Declares an intent that tuition levels should be predictable for families, students, and institutions, and limiting the amount by which it can be raised will assist in that endeavor.

Provides that, beginning with the 2007-08 academic year, unless approved by a two-thirds majority vote of each house, tuition increases for all undergraduate and graduate students may not exceed the following: (1) The rate of inflation; or

(2) Fifty percent of the students' share in the total cost of instruction per student.