Amend SB 18 by adding the following appropriately numbered SECTION to the bill and renumbering the SECTIONS of the bill accordingly:
SECTION ____. Subchapter A, Chapter 56, Education Code, is amended by adding Sections 56.0093 and 56.0094 to read as follows:
Sec. 56.0093. REPORT REGARDING DESIGNATED TUITION SET ASIDE FOR STUDENT FINANCIAL ASSISTANCE. (a) In this section, "coordinating board" means the Texas Higher Education Coordinating Board.
(b) This section applies only to the governing board of an institution of higher education that sets aside any portion of the tuition charged by the institution to a resident student under Section 54.0513 for the purpose of providing financial assistance for resident students enrolled in an undergraduate, graduate, or professional degree program at the institution.
(c) Not later than August 31 of each year, the governing board of an institution to which this section applies shall submit to the coordinating board a written report regarding any tuition set aside by the institution as described by Subsection (b) in the preceding fall, spring, or summer term. The report must include:
(1) the amount of tuition set aside by the institution as described by Subsection (b) for each applicable term;
(2) the percentage of the total amount of tuition charged by the institution under Section 54.0513 for each applicable term that was set aside by the institution as described by Subsection (b); and
(3) the types of student financial assistance provided using the funds set aside by the institution as described by Subsection (b).
(d) The coordinating board shall disseminate to each public or accredited private high school in this state the information provided in subsection (c) in a way designed to educate high school students and the parents of those students on available opportunities and required preparation with respect to institutions of higher education.
(e) The coordinating board may adopt rules to administer this section.
Section 56.0094. NOTICE TO STUDENTS REGARDING TUITION SET ASIDE FOR FINANCIAL ASSISTANCE. (a) An institution of higher education that sets aside a portion of a student's tuition payments to provide financial assistance for students enrolled in the institution shall provide to each student of the institution who pays tuition from which a portion is set aside for that purpose a notice regarding the specific amount that is set aside by the institution.
(b) The institution shall provide the notice required by Subsection (a) to the student in a prominently printed statement that appears on or is included with:
(1) the student's tuition bill or billing statement, if the institution provides the student with a printed bill or billing statement for the payment of the student's tuition; or
(2) the student's tuition receipt, if the institution provides the student with a printed receipt evidencing the payment of the student's tuition.
(c) If for any semester or other academic term the institution does not provide the student with a printed tuition bill, tuition billing statement, or tuition receipt, the institution shall include the notice required by Subsection (a) for that semester or other term in a statement prominently displayed in an e-mail sent to the student. The notice may be included in any other e-mail sent to the student in connection with the student's tuition charges for that semester or other term.
(d) The Texas Higher Education Coordinating Board by rule shall prescribe minimum standards for the manner, form, and content of the notice required by this section.