H2171B3201A05257 PWK:EJH 04/27/20 #90 A05257
AMENDMENTS TO HOUSE BILL NO. 2171
Sponsor: REPRESENTATIVE SONNEY
Printer's No. 3201
Amend Bill, page 1, line 17, by striking out "a subsection"
and inserting
subsections
Amend Bill, page 2, lines 16 through 18, by striking out
"assess the respective" in line 16 and all of lines 17 and 18
and inserting
direct the chancellor to conduct a review of the financial
stability of the institution or college utilizing student
support metrics, student success metrics and other financial
metrics and issue a report and recommendation related to the
need for the board to exercise the board's powers under section
2006-A(a)(13.2). The report shall include, but not be limited
to, an analysis of the following:
(1) Enrollment trends.
(2) Projections of revenues and expenditures for the current
year and the next five (5) years, both assuming the continuation
of present operations and as impacted by any recommendation for
the board to exercise the board's powers under section 2006-A(a)
(13.2).
(3) Assets, liabilities and institutional reserves.
(4) Actions undertaken to improve the financial stability of
the institution or college and the financial impact of those
actions.
(5) Additional actions that could be taken to improve the
financial stability of the institution or college, the projected
financial impact of those actions and whether those actions
would alleviate the need for the board to exercise the board's
powers under section 2006-A(a)(13.2).
(6) The financial impact on the institution or college and
the system if no action is taken by the board to exercise the
board's powers under section 2006-A(a)(13.2).
(a.2) A chancellor shall issue the report required under
subsection (a.1) upon request from the board. Within thirty (30)
days after receipt of the chancellor's report, the board shall
do the following:
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(1) Transmit a copy of the report and recommendations to the
following:
(i) chairperson and minority chairperson of the
Appropriations Committee of the Senate
(ii) chairperson and minority chairperson of the Education
Committee of the Senate;
(iii) chairperson and minority chairperson of the
Appropriations Committee of the House of Representatives; and
(iv) chairperson and minority chairperson of the Education
Committee of the House of Representatives.
(2) Make the report and recommendations available for review
and solicit public comment for a period of not less than sixty
(60) days.
(a.3) The board may hold public informational meetings or
public hearings as part of the comment period under subsection
(a.2)(2). After the public comment period and before any action
may be taken pursuant to section 2006-A(a)(13.2), the board
shall consider comments made during the public comment period
and present an implementation plan at a public meeting subject
to the approval or disapproval by the board. If a majority of
the board votes to approve the implementation plan, the board
shall, within fourteen (14) days, transmit a copy of the final
implementation plan to the following:
(1) Chairperson and minority chairperson of the
Appropriations Committee of the Senate.
(2) Chairperson and minority chairperson of the Education
Committee of the Senate.
(3) Chairperson and minority chairperson of the
Appropriations Committee of the House of Representatives.
(4) Chairperson and minority chairperson of the Education
Committee of the House of Representatives.
Amend Bill, page 7, line 19, by striking out "board" and
inserting
Governor
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