Authorizing a comprehensive grant program for not-for-profit independent institutions of higher education to be administered by the treasurer.
Impact
If enacted, SB316 would likely have a significant impact on state laws concerning the funding and operation of higher education institutions. It is anticipated that the grant program would enhance the financial sustainability of independent institutions, allowing them to expand their academic offerings and improve their facilities. Additionally, it may lead to an increase in student enrollment and retention rates as these institutions become more attractive to prospective students due to enhanced resources and opportunities.
Summary
SB316 is a legislative bill aimed at establishing a comprehensive grant program specifically designed for not-for-profit independent institutions of higher education. The bill proposes that this grant program be administered by the state treasurer to ensure that these institutions receive the necessary financial support for their educational initiatives. By providing these grants, the bill seeks to bolster the capacity of not-for-profit institutions to serve their students and communities effectively.
Contention
While SB316 is largely viewed as beneficial for independent institutions, there are potential points of contention regarding the allocation of funds and the criteria for grant distribution. Some lawmakers may express concerns over ensuring equitable access to these grants for all qualifying institutions. Additionally, there may be debates on the fiscal responsibility of the state in administering such programs, particularly in terms of potential budget impacts and oversight requirements to prevent misuse of funds.
Requiring postsecondary educational institutions to regularly review and update accreditation policies, prohibiting accrediting agencies from compelling such institutions to violate state law and providing a cause of action for violations thereof.
Substitute for HB 2414 by Committee on Commerce, Labor and Economic Development - Developing postsecondary engineering programs, providing scholarships for engineering students at certain public and private institutions of higher education by establishing a matching grant program to be administered by the secretary of commerce and creating the engineering graduate incentive fund.
Establishing the Kansas nursing initiative grant program and authorizing the state board of regents to approve need-based or competitive grants for the expansion of nursing faculty, laboratory supplies and tools for student success at postsecondary educational institutions.
Relating to education; to create the Distressed Institutions of Higher Education Revolving Loan Program to be administered by the State Treasurer; to define "eligible institutions"; to authorize the State Treasurer to establish terms and conditions of loans; to require reporting of contract terms and on the operation of the program; to establish the Distressed Institutions of Higher Education Loan Program Fund in the State Treasury to receive appropriations from the Legislature for funding loans and loan repayments; and to provide for recovery of amounts due.
Senate Substitute for HB 2060 by Committee on Education - Authorizing payments from the state safety fund to community colleges for the provision of driver's education, authorizing the provision of tools, supplies and examinations to AO-K career pathway program participants and including high school equivalency credentials in performance-based payments for postsecondary educational institutions.
Requires public institutions of higher education to submit annual fiscal monitoring report; authorizes Secretary of Higher Education to appoint State monitor of certain institutions; requires higher education chief financial officers complete training; annually appropriates $100,000.
Requires public institutions of higher education to submit annual fiscal monitoring report; authorizes Secretary of Higher Education to appoint State monitor of certain institutions; requires higher education chief financial officers complete training; annually appropriates $100,000.