Bill > H1069

This bill allows public higher education institutions, specifically the University of Massachusetts, state universities, and community colleges, to keep the tuition paid by in-state students. This means that instead of this money going back into the state's general fund, it will be held in special accounts called "revolving trust funds." The administration of each campus will then decide how to spend these funds, following rules set by the board of trustees. Any money left in these funds at the end of a fiscal year will carry over to the next year and won't be returned to the state's general fund. Additionally, for employees whose salaries are paid from this retained tuition, their fringe benefits (like health insurance and retirement contributions) will be funded as if their salaries were paid from regular state government money. This provision is intended to give these institutions more control over their finances and how they allocate resources for their students.