Honorable Geanie Morrison, Chair, House Committee on Higher Education
John S. O'Brien, Deputy Director, Legislative Budget Board
HB609 by Giddings (Relating to tuition rebate incentives for person who complete certain degree and certificate programs with excessive credit hours.), Committee Report 1st House, Substituted
|Fiscal Year||Probable Net Positive/(Negative) Impact to General Revenue Related Funds|
|Fiscal Year||Probable Savings/(Cost) from
GENERAL REVENUE FUND
The Higher Education Coordinating Board estimates that two percent of technical associate degree students and one percent of academic degree students would meet the rebate requirements, for a total of 372 students for fiscal year 2004. The number would grow by three percent per year as students become aware of the program. The amount of the rebate for qualifying students is estimated to be, $203,000 in fiscal year 2007, $209,000 in fiscal year 2008; $215,000 in fiscal year 2009 and $221,500 in fiscal year 2010. Because the rebate provisions became effective beginning the 2005 summer session, and the students are required to take 60 semester credits, and the earliest the junior colleges could be reimbursed by the legislature is the fiscal year 2008/2009 biennium, the cost to the state would begin in fiscal year 2008.
If students take fewer semester credit hours to qualify for the rebate, the cost of further expansion of the higher education system could be avoided in the future.
No significant fiscal implication to units of local government is anticipated.
This fiscal note assumes the legislature would reimburse local community colleges for the tuition rebates that they grant under this legislation.
781 Higher Education Coordinating Board
JOB, CT, RT, GO