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Bill > HF772
IA HF772
IA HF772A bill for an act providing for an annual authorization fee to be collected by the college student aid commission from certain postsecondary educational institutions not subject to registration with the commission.(Formerly HSB 48; See HF 1010.)
summary
Introduced
03/05/2025
03/05/2025
In Committee
03/05/2025
03/05/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill requires the college student aid commission to collect a single, nonrefundable annual authorization fee, in an amount specified in the bill, from certain entities that do not pay a registration fee to the commission under current law. Such entities include an entity exempt from registration with the commission under Code chapter 261B or an entity maintaining or conducting in Iowa any educational course by classroom instruction or by correspondence or by other delivery method, or soliciting in Iowa the sale of such course under Code section 714.18. The commission may increase the fee annually by an amount not to exceed 3 percent.
AI Summary
This bill amends the Iowa Code to establish a new annual authorization fee for certain postsecondary educational institutions that are not currently required to pay registration fees. Specifically, the College Student Aid Commission will now collect a nonrefundable annual fee from entities authorized under specific sections of Iowa law (sections 261B.11 and 714.18) that do not already pay registration fees. The fee will vary based on the primary location of the institution: entities with a primary location in Iowa will be charged $2,000, while those with a primary location outside Iowa will be charged $3,500. The commission is allowed to increase the fee annually by up to 3%, starting from the fiscal year beginning July 1, 2025. The bill defines "primary location" as either the physical location of the main campus or the corporate office if no physical campus exists. This new fee is intended to help cover the administrative costs of overseeing and regulating these educational institutions, ensuring that the commission can effectively manage its responsibilities regardless of an institution's registration status.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Education (House)
Last Action
Withdrawn. H.J. 1073. (on 04/28/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF772 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF772.html |
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