5734-S AMH WALL SMIT 183
SSB 5734 - H AMD TO WAYS COMM AMD (H-3287.1) 770
By Representative Wallace
WITHDRAWN 4/22/2009
On page 2, after line 34 of the striking amendment, insert the following:
"(10) During the 2009-10 and 2010-11 academic years, institutions of higher education shall include information on their billing statements notifying students of tax credits available through the American opportunity tax credit provided in the American recovery and reinvestment act of 2009."
Sec. 2. RCW 28B.15.068 and 2007 c 151 s 1 are each amended to read as follows:
(1) Beginning with the ((2007‑08)) 2011-12
academic year and ending with the 2016‑17 academic year, tuition fees
charged to full-time resident undergraduate students may increase no greater
than seven percent over the previous academic year in any institution of higher
education. Annual reductions or increases in full-time tuition fees for
resident undergraduate students shall be as provided in ((the omnibus
appropriations act)) RCW 28B.15.067, within the seven percent
increase limit established in this section. To the extent that state appropriations
combined with tuition and fee revenues are insufficient to achieve the total
per-student funding goals established in subsection (2) of this section, the
legislature may revisit state appropriations, authorized enrollment levels, and
changes in tuition fees for any given fiscal year.
(2) The state shall adopt as its goal total per-student funding levels, from state appropriations plus tuition and fees, of at least the sixtieth percentile of total per-student funding at similar public institutions of higher education in the global challenge states. In defining comparable per-student funding levels, the office of financial management shall adjust for regional cost-of-living differences; for differences in program offerings and in the relative mix of lower division, upper division, and graduate students; and for accounting and reporting differences among the comparison institutions. The office of financial management shall develop a funding trajectory for each four-year institution of higher education and for the community and technical college system as a whole that when combined with tuition and fees revenue allows the state to achieve its funding goal for each four-year institution and the community and technical college system as a whole no later than fiscal year 2017. The state shall not reduce enrollment levels below fiscal year 2007 budgeted levels in order to improve or alter the per-student funding amount at any four-year institution of higher education or the community and technical college system as a whole. The state recognizes that each four-year institution of higher education and the community and technical college system as a whole have different funding requirements to achieve desired performance levels, and that increases to the total per-student funding amount may need to exceed the minimum funding goal.
(3) By September 1st of each year beginning (([in]))in
2008, the office of financial management shall report to the governor, the
higher education coordinating board, and appropriate committees of the
legislature with updated estimates of the total per-student funding level that
represents the sixtieth percentile of funding for comparable institutions of
higher education in the global challenge states, and the progress toward that
goal that was made for each of the public institutions of higher education.
(4) As used in this section, "global challenge states" are the top performing states on the new economy index published by the progressive policy institute as of July 22, 2007. The new economy index ranks states on indicators of their potential to compete in the new economy. At least once every five years, the office of financial management shall determine if changes to the list of global challenge states are appropriate. The office of financial management shall report its findings to the governor and the legislature."
EFFECT: Requires institutions of higher education to notify students of tax credits available through the American Opportunity Tax credit. Removes the 7% annual tuition increase cap for resident undergraduate students for academic years 2009-10 and 2010-11. The cap is reinstated in 2011-12.
--- END ---