Floor Packet Page No. 243

Amend CSHB 1 (the General Appropriations Act), in the Special Provisions Relating Only to State Agencies of Higher Education in Article III of the bill (page III-219), by adding the following appropriately numbered section:
Sec. ____.  Report on Student Loan Debt. Each institution of higher education receiving funds under this Act shall submit to the governor, the 83rd Legislature, the Texas Higher Education Coordinating Board, and the Legislative Budget Board a report of the average student loan debt of graduates of the undergraduate program at the institution. The report must be:
(1)  submitted on or before the last day of each fiscal year in the state fiscal biennium beginning September 1, 2011; and
(2)  based on the most recent data available to the institution.