093_HB2924

 
                                     LRB093 07591 NHT 07770 b

 1        AN ACT in relation to higher education.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  1.  Short  title.   This Act may be cited as the
 5    Tuition Increase Limitation Act.

 6        Section 5.  Definition.  As used  in  this  Act,  "public
 7    institution  of higher education" has the meaning ascribed to
 8    it in Section 1 of the Board of Higher Education Act,  except
 9    it  does  not  include  any  public community college of this
10    State.

11        Section    10.  Limitation    of    tuition     increase.
12    Notwithstanding  any  other law of this State, beginning with
13    the  2003-2004  academic  year  and  in  each  academic  year
14    thereafter the governing board of  a  public  institution  of
15    higher  education shall not increase or authorize an increase
16    in the rate of undergraduate tuition charged at any campus of
17    a university under its jurisdiction  by  an  amount  that  is
18    greater  than the result obtained when the applicable rate of
19    tuition  that  was  charged  in  the  immediately   preceding
20    academic  year  is  multiplied by a percentage that equals 2%
21    plus the percentage increase, if any, in the  Consumer  Price
22    Index  for All Urban Consumers for all items published by the
23    United States Department of Labor for the  calendar  year  in
24    which that preceding academic year began.

25        Section  15.  Suspension  of  limit.  If  the State is in
26    financial crisis in any fiscal year, the General Assembly, by
27    joint resolution, may suspend the  limitation  set  forth  in
28    Section 10 of this Act for that fiscal year.
 
                            -2-      LRB093 07591 NHT 07770 b
 1        Section 99. Effective date.  This Act takes effect effect
 2    on July 1, 2003.