Florida Senate - 2014         (PROPOSED COMMITTEE BILL) SPB 7036
       
       
        
       FOR CONSIDERATION By the Committee on Education
       
       
       
       
       
       581-01683-14                                          20147036__
    1                        A bill to be entitled                      
    2         An act relating to postsecondary education; amending
    3         s. 1009.24, F.S.; deleting a provision related to
    4         automatic rate of inflation increase of resident
    5         undergraduate tuition per credit hour at state
    6         universities; deleting a provision that requires the
    7         Office of Economic and Demographic Research to
    8         annually report the rate of inflation to the Governor,
    9         the Legislature, and the Board of Governors; deleting
   10         the definition of the term “rate of inflation”;
   11         providing an effective date.
   12          
   13  Be It Enacted by the Legislature of the State of Florida:
   14  
   15         Section 1. Paragraph (b) of subsection (4) of section
   16  1009.24, Florida Statutes, is amended to read:
   17         1009.24 State university student fees.—
   18         (4)
   19         (b) Beginning with the 2008-2009 fiscal year and each year
   20  thereafter, the resident undergraduate tuition per credit hour
   21  shall increase at the beginning of each fall semester at a rate
   22  equal to inflation, unless otherwise provided in the General
   23  Appropriations Act. If the rate is not provided in the General
   24  Appropriations Act The Office of Economic and Demographic
   25  Research shall report the rate of inflation to the President of
   26  the Senate, the Speaker of the House of Representatives, the
   27  Governor, and the Board of Governors each year prior to March 1.
   28  For purposes of this paragraph, the rate of inflation shall be
   29  defined as the rate of the 12-month percentage change in the
   30  Consumer Price Index for All Urban Consumers, U.S. City Average,
   31  All Items, or successor reports as reported by the United States
   32  Department of Labor, Bureau of Labor Statistics, or its
   33  successor for December of the previous year. In the event the
   34  percentage change is negative, the resident undergraduate
   35  tuition shall remain at the same level as the prior fiscal year.
   36         Section 2. This act shall take effect July 1, 2014.