Iowa 2023-2024 Regular Session

Iowa Senate Bill SF2373

Introduced
2/15/24  
Refer
2/19/24  
Introduced
2/15/24  

Caption

A bill for an act modifying provisions related to the distribution formula for general state financial aid to community colleges and including applicability provisions.(Formerly SSB 3164; See SF 2405.)

Impact

The bill mandates that funds appropriated for community colleges are allocated following a distribution formula approved by a council made up of community college presidents. This council must establish the formula annually, considering factors like student enrollment trends and regional financial needs. By streamlining the allocation process and facilitating faster responses to changing enrollment patterns, the legislation aims to enhance financial fairness among colleges, ultimately benefiting the educational experiences of students across the state.

Summary

Senate File 2373, which modifies provisions related to the distribution formula for general state financial aid to community colleges, establishes a framework beginning with the fiscal year commencing July 1, 2025. The bill aims to ensure a more consistent and equitable distribution of state funds among community colleges throughout Iowa. It outlines new mechanisms for allocating financial aid, focusing on parameters such as base funding allocations, marginal cost adjustments, and three-year rolling average calculations of full-time equivalent enrollments.

Contention

Notably, one area of contention involves the elimination of certain provisions that previously required adjustments based on audits of student enrollment. Critics may argue that this change could reduce accountability and oversight in how funds are distributed, potentially disadvantaging colleges that are not as successful in maintaining enrollment levels. Additionally, the emphasis on inflation adjustments and extraordinary growth considerations could lead to disparities between institutions, particularly impacting those with fluctuating enrollments or financial difficulties.

Companion Bills

IA SSB3164

Related A bill for an act modifying provisions related to the distribution formula for general state financial aid to community colleges and including applicability provisions.(See SF 2373, SF 2405.)

IA SF2405

Similar To A bill for an act modifying provisions related to the distribution formula for general state financial aid to community colleges and including applicability provisions. (Formerly SF 2373, SSB 3164.) Effective date: 07/01/2024. Applicability date: 07/01/2025.

Previously Filed As

IA SSB3164

A bill for an act modifying provisions related to the distribution formula for general state financial aid to community colleges and including applicability provisions.(See SF 2373, SF 2405.)

IA SF2405

A bill for an act modifying provisions related to the distribution formula for general state financial aid to community colleges and including applicability provisions. (Formerly SF 2373, SSB 3164.) Effective date: 07/01/2024. Applicability date: 07/01/2025.

IA SF520

A bill for an act relating to education, including by modifying provisions related to community college and department of education reporting requirements, employees of the Iowa educational services for the blind and visually impaired program or the Iowa school for the deaf, and employment contracts between community colleges and community college instructors.(Formerly SSB 1075.)

IA SF2367

A bill for an act relating to education, including modifying provisions related to education data collection and the determination of enrollment, and including effective date and applicability provisions.(Formerly SSB 3156.)

IA HF2542

A bill for an act relating to education, including modifying provisions related to education data collection and the determination of enrollment, and including effective date and applicability provisions.(Formerly HSB 672.)

IA HF729

A bill for an act relating to state finances, including by making, modifying, limiting, or reducing appropriations, distributions, or transfers, authorizing expenditure of certain unappropriated moneys, making corrections, and including effective date, applicability, and retroactive applicability provisions.(Formerly HSB 252.)

IA SSB3156

A bill for an act relating to education, including modifying provisions related to education data collection and the determination of enrollment, and including effective date and applicability provisions.(See SF 2367.)

IA HF2558

A bill for an act relating to higher education, including by modifying the responsibilities of private institutions of higher education, community colleges, the state board of regents, and institutions of higher education governed by the state board of regents, modifying provisions related to diversity, equity, and inclusion policies, tuition, and administrator hiring at state universities, membership of the state board of regents, and student-employer work and tuition programs at state universities and community colleges, and including applicability provisions. (Formerly HF 2327.)

IA SF578

A bill for an act relating to state finances, including by making, modifying, limiting, or reducing appropriations, distributions, or transfers, authorizing expenditure of certain unappropriated moneys, making corrections, and including effective date, applicability, and retroactive applicability provisions. (Formerly SSB 1222.) Effective date: 06/01/2023, 07/01/2023. Applicability date: 03/28/2023, 09/18/2023.

IA HF914

A bill for an act relating to education, including by modifying provisions related to the duties and powers of area education agencies, the department of education, and area education agency funding, and including effective date and applicability provisions.

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