Iowa HF2568 establishes a temporary independent fiscal restructuring authority to oversee institutions of higher education governed by the state.

Iowa HF2568 creates a temporary independent fiscal restructuring authority to oversee institutions of higher education governed by the state board of regents. The authority will apply statutory criteria to ensure fiscal integrity, affordability, and operational efficiency. It will impose zero-based budgeting, require academic program audits, and mandate reductions in managerial and executive positions. The authority can order modifications, suspensions, or terminations of contracts and academic programs. It will also oversee federal funds to the extent permitted by law.

Iowa HF2568 establishes a temporary independent fiscal restructuring authority to oversee institutions of higher education governed by the state.

Iowa HF2568 creates a temporary independent fiscal restructuring authority to oversee institutions of higher education governed by the state board of regents. The authority will apply statutory criteria to ensure fiscal integrity, affordability, and operational efficiency. It will impose zero-based budgeting, require academic program audits, and mandate reductions in managerial and executive positions. The authority can order modifications, suspensions, or terminations of contracts and academic programs. It will also oversee federal funds to the extent permitted by law.