Bill > H5501

This bill makes several revisions relating to higher education in Florida. Specifically, it: - Requires the Auditor General to annually audit all state universities and Florida College System institutions to verify their certified financial amounts. - Directs the Revenue Estimating Conference to provide maximum appropriation estimates for the Public Education Capital Outlay and Debt Service Trust Fund, including bonding capacity. - Establishes a points-based prioritization process for the State Board of Education and Board of Governors to rank public education capital outlay projects for funding consideration. - Prohibits state universities and Florida College System institutions from transferring certain state funds between accounts without legislative approval. - Requires direct-support organizations to only receive state appropriations for capital projects, and increases oversight of their budgets and activities. - Adjusts the eligibility timeframes and exam score requirements for the Florida Bright Futures Scholarship Program. - Sets minimum carry forward balance requirements for state universities and Florida College System institutions, and outlines permissible uses for excess balances. - Updates space utilization standards and reporting requirements for educational facilities.

Budget and Finance

Higher Education Appropriations Subcommittee (H)

https://www.flsenate.gov/Session/Bill/2019/5501