Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. SB 866
Barcode 375064
CHAMBER ACTION
Senate House
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11 The Committee on Education (Baker) recommended the following
12 amendment:
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14 Senate Amendment (with title amendment)
15 Delete everything after the enacting clause
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17 and insert:
18 Section 1. (1) It is the intent of the Legislature to
19 use a portion of the state's limited resources to expand
20 access to postsecondary education and to reduce student
21 indebtedness by increasing need-based financial assistance for
22 Florida residents. Expanding access and increasing financial
23 assistance will encourage Florida residents to pursue
24 postsecondary education, which will produce economic benefits
25 for the state by increasing the levels of higher educational
26 attainment and earning potential of Florida's citizenry.
27 (2) By December 31, 2005, each state university and
28 community college shall report to the President of the Senate
29 and the Speaker of the House of Representatives:
30 (a) The total amount of state funds appropriated
31 directly or indirectly to the institution and tuition and fee
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Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. SB 866
Barcode 375064
1 revenues generated by Florida residents which were used to
2 provide financial assistance during the 2003-2004 academic
3 year to students holding F-1 or M-1 visas.
4 (b) The total amount of state funds appropriated
5 directly or indirectly to the institution and tuition and fee
6 revenues generated by Florida residents which were used to
7 provide need-based financial assistance during the 2003-2004
8 academic year to students classified as residents for tuition
9 purposes pursuant to section 1009.21, Florida Statutes.
10 (3) Effective for the 2006-2007 academic year and each
11 year thereafter:
12 (a) A state university or community college shall not
13 use state funds appropriated directly or indirectly to the
14 institution or tuition or fee revenues generated by Florida
15 residents to provide financial assistance to any student
16 holding an F-1 or M-1 visa.
17 (b) The amount of funds reported pursuant to paragraph
18 (2)(a) shall be used by an institution to provide additional
19 need-based financial assistance to eligible Florida residents.
20 If the unmet need for eligible Florida residents is fully
21 satisfied without reliance on loans, any remaining funds shall
22 be used to provide merit-based financial assistance to
23 eligible Florida residents.
24 (4) For purposes of this section, the term "eligible
25 Florida resident" means a student classified at the time of
26 initial enrollment at a state university or community college
27 as a resident for tuition purposes pursuant to section
28 1009.21, Florida Statutes.
29 (5) Funds redirected pursuant to this section shall be
30 additional funds for need-based financial assistance for
31 eligible Florida residents and shall not be used to reduce or
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Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. SB 866
Barcode 375064
1 supplant the level of funding for need-based financial
2 assistance for such students.
3 (6) For purposes of this section, financial assistance
4 does not include compensation paid to students for
5 assistantships or participation in work-study programs.
6 (7) Each state university and community college shall
7 report to the President of the Senate and the Speaker of the
8 House of Representatives by July 1, 2007, the number of
9 Florida residents benefiting from the use of financial
10 assistance provided from the funds redirected pursuant to this
11 section.
12 Section 2. This act shall take effect July 1, 2005.
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15 ================ T I T L E A M E N D M E N T ===============
16 And the title is amended as follows:
17 Delete everything before the enacting clause
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19 and insert:
20 A bill to be entitled
21 An act relating to student financial
22 assistance; providing legislative intent to
23 expand access to postsecondary education and
24 reduce student indebtedness; requiring each
25 state university and community college to
26 report information relating to certain funds
27 used to provide financial assistance to certain
28 students; prohibiting the use of such funds to
29 provide financial assistance to specified
30 foreign students; defining the term "eligible
31 Florida resident"; providing for the
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11:07 AM 04/18/05 s0866c-ed20-eoa
Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. SB 866
Barcode 375064
1 redirection of funds to provide additional
2 need-based financial assistance to eligible
3 Florida residents; requiring a report by state
4 universities and community colleges; providing
5 an effective date.
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