SRC-JBJ H.B. 2555 76(R) BILL ANALYSIS Senate Research Center H.B. 2555 76R5233 JSA-DBy: Cuellar (Zaffirini) Education 5/4/1999 Engrossed DIGEST The legislature requested the comptroller of public accounts to conduct a study of the feasibility and potential options for providing prepaid tuition and fees for Texas residents who may enroll in a graduate professional degree program. The study found that creating a prepaid program for graduate or professional school is feasible. However, according to the comptroller, structuring and administering such a program poses a number of significant challenges, including the varying differences in tuition and fee charges for graduate and professional degree programs, and a finding that demand for graduatelevel hours as an undergraduate may be limited, and that as of December 1, 1998, no state offered a prepaid tuition program specifically tailored for graduate or professional school. H.B. 2555 would authorize the State Board of Education to establish a plan to allow a person to prepay all or part of the tuition and required fees for enrollment in a graduate or professional degree program, if the board determines a particular plan is feasible and there is sufficient demand for the plan to justify administration of the plan. H.B. 2555 would also authorize the board to modify the terms of a prepaid tuition contract. PURPOSE As proposed, H.B. 2555 authorizes the State Board of Education to establish a plan to allow a person to prepay all or part of the tuition and required fees for enrollment in a graduate or professional degree program. RULEMAKING AUTHORITY This bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Chapter 54F, Education Code, by adding Section 54.6245, as follows: Sec. 54.6245. GRADUATE AND PROFESSIONAL DEGREE PLANS. Authorizes the State Board of Education (board) to establish one or more plans to allow a person to prepay all or part of the tuition and required fees for enrollment in a graduate or professional degree program at an institution of higher education, if the board determines a particular plan is feasible and there is sufficient demand for the plan to justify administration of the plan. Authorizes the board to limit a plan established under this section to a specified field or fields of study, to a specified level or type of degree, or number of hours or semesters. Provides that the board is not required to continue to offer the plan in subsequent years, although the board may modify the terms of a prepaid tuition contract for the plan. SECTION 2. Emergency clause. Effective date: upon passage.