Iowa 2023-2024 Regular Session

Iowa Senate Bill SF2405

Introduced
3/7/24  
Engrossed
3/20/24  
Introduced
3/7/24  
Refer
3/21/24  
Engrossed
3/20/24  
Enrolled
4/29/24  
Refer
3/21/24  
Passed
5/8/24  
Enrolled
4/29/24  

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 SF 2373, SSB 3164.) Effective date: 07/01/2024. Applicability date: 07/01/2025.

Impact

The passed legislation is set to impact community colleges significantly by providing a transparent and structured approach to state financial aid distribution. Starting from July 1, 2025, the new formula will ensure that funding allocations are reflective of current economic conditions and college enrollment trends. This approach aims to foster educational quality and accessibility across the state, addressing disparities in funding that may have existed under previous systems. Importantly, the bill includes provisions for adjustments based on inflation rates to maintain the purchasing power of the allocated funds.

Summary

Senate File 2405 aims to modify the distribution formula for general state financial aid allocated to Iowa's community colleges. The bill establishes provisions that dictate how funds appropriated by the general assembly are to be allocated, ensuring that all community colleges receive an equitable share of financial support based on their past state aid levels and student enrollment numbers. The new distribution formula will take into account factors such as inflation and full-time equivalent enrollment over a three-year period, promoting a system that adjusts aid according to each college's growth and financial needs.

Sentiment

The sentiment surrounding SF2405 has been largely positive, with broad bipartisan support evident in the voting history, which recorded no opposition when it passed. Legislators view the changes as a necessary step toward improving financial support for community colleges, thereby enhancing educational access for students across Iowa. The proactive measures to account for inflation and enrollment are seen as responsive to the evolving landscape of higher education funding.

Contention

While the bill has received overwhelming support, some concerns may arise regarding the implementation and monitoring of the new distribution system. Critics may question whether the measures outlined will adequately address the unique needs and challenges faced by different community colleges, especially those in less populated or economically disadvantaged areas. Additionally, the reliance on enrollment numbers to determine funding could impact colleges that serve lower-income populations who may be less likely to enroll, raising equity concerns within this funding structure.

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 SF2373

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 SSB 3164; See SF 2405.)

Previously Filed As

IA SF2373

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.)

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 SF565

A bill for an act relating to state and local finance and the administration of the tax and related laws by the department of revenue, and including effective date, applicability, and retroactive applicability provisions. (Formerly SSB 1148.) Effective date: 06/01/2023, 07/01/2023, 01/01/2024, 01/01/2026. Applicability date: 01/01/2023, 07/01/2024.

IA SF549

A bill for an act relating to captive insurance companies, and including applicability provisions. (Formerly SF 509, SF 424.) Effective date: 07/01/2023, 01/01/2025. Applicability date: 01/01/2025.

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 HF421

A bill for an act relating to the Iowa tuition grants program administered by the college student aid commission and including effective date and retroactive applicability provisions. (Formerly HF 186.) Effective date: Enactment, 05/11/2023, 07/01/2023. Applicability date: 12/01/2022.

IA HF567

A bill for an act relating to nonsubstantive Code corrections, and including effective date and retroactive applicability provisions. (Formerly HSB 159.) Contingent effective date. Applicability date: 01/01/2022, 01/01/2023.

IA SF657

A bill for an act related to state taxation and finance and other related matters, by creating, modifying, and eliminating tax credits and tax incentive programs, providing for penalties, and including effective date and retroactive applicability provisions. (Formerly SSB 1205.) Effective date: 06/06/2025, 07/01/2025, 12/31/2025, 01/01/2026. Applicability date: 01/01/2017, 01/01/2025, 01/01/2026.

IA HF954

A bill for an act relating to the conduct of elections, and including effective date and retroactive applicability provisions. (Formerly HSB 281.) Effective date: 07/01/2025, 01/01/2026. Applicability date: 01/01/2024.

IA SF171

A bill for an act modifying provisions related to the effective date of school district enlargements, reorganizations, changes in boundaries, and dissolutions, and including retroactive applicability provisions. (Formerly SF 16.) Effective date: 07/01/2025. Applicability date: 01/01/2025.

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