The university system capital building fund pool; to provide for a transfer; and to provide legislative intent.
Impact
The changes proposed in SB2212 significantly affect the funding mechanisms of higher education institutions in North Dakota. By establishing new requirements for matching funds, the bill encourages institutions to seek other sources of funding, potentially fostering a more diverse funding landscape. Furthermore, the creation of specific allocation amounts for different colleges and universities indicates a structured approach to funding that may lead to more equitable financial support across the state's academic institutions.
Summary
Senate Bill 2212 seeks to amend several sections of the North Dakota Century Code to regulate the University System Capital Building Fund. Primarily, the bill updates the matching fund requirements for capital projects at various institutions under the state board of higher education. This encompasses both tier II and tier III capital building funds, where institutions must provide specific amounts of matching funds in order to receive state allocations. The intention is to enhance the financial responsibility of institutions while allowing them to access additional funding from the state for capital projects.
Contention
While the bill aims to streamline the funding process and set clear expectations on matching funds, it may generate debate concerning the adequacy of state funding for under-resourced institutions. Critics may argue that increasing the financial burden of matching funds could disproportionately affect smaller colleges that lack extensive financial resources, potentially widening the gap in educational opportunities between institutions. Thus, the balance between fostering institutional self-sufficiency and ensuring equitable access to state funding is likely to be at the forefront of discussions surrounding this legislation.
Matching grants for legal education and the workforce education advisory council; to provide for a transfer; to provide for a legislative management study; to provide loan authorization for the Mayville state university old main project; to provide for a report; to provide an exemption; to provide legislative intent; and to declare an emergency.
The autism voucher; to provide a statement of legislative intent; to provide for a legislative management study; to provide for a report; to provide an effective date; and to declare an emergency.
A transfer of Bank of North Dakota profits to a water infrastructure revolving loan fund; to provide for a transfer; to provide an exemption; to provide for a legislative management study; to provide a report; to provide a penalty; to provide for application; to provide a retroactive effective date; to provide a contingent effective date; to provide an effective date; and to declare an emergency.
A Bank of North Dakota line of credit and state water commission discretionary funding; to provide for a transfer; to provide for a report; to provide legislative intent; to provide an exemption; and to declare an emergency.
Public employees retirement system retirement plan contribution rates upon reaching full funding and balance transfer when opting to participate in the defined contribution plan; to provide for a legislative management study; to provide for a transfer; to provide for application; and to provide an effective date.
Transfers from the lottery operating fund to the multijurisdictional drug task force grant fund and the salary of the attorney general; to provide a transfer; to provide an exemption; to provide for a legislative management study; and to declare an emergency.
Fuel production facility loan guarantee reserve funding, the housing incentive fund, the powers of the North Dakota pipeline authority, definitions for the clean sustainable energy authority, a clean sustainable energy authority line of credit, and an appropriation from the state fiscal recovery fund; to provide a contingent appropriation; to provide for a transfer; to provide an exemption; to provide for a study; to provide for a report; to provide a statement of legislative intent; to provide an effective date; and to declare an emergency.
Public employees retirement system retirement plan contribution rates upon reaching full funding; to provide an appropriation; to provide for a transfer; to provide for application; and to provide an effective date.
Public employees retirement system retirement plan contribution rates upon reaching full funding; to provide an appropriation; to provide for a transfer; to provide for application; and to provide an effective date.
Relating to accountability of institutions of higher education, including educator preparation programs, and online institution resumes for public institutions of higher education.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.