Iowa HF264 temporarily removes the state board of regents' authority over regents institutions if state appropriations are less than 52% of projected.

Iowa HF264 mandates the state board of regents to review the amount of funds appropriated from the general fund to the three regents institutions each fiscal year. If the total amount of funds is less than 52% of the combined projected operating costs of the institutions for the fiscal year, the board's authority over the institutions is fully abrogated for the remainder of the fiscal year. During this period, the institutions exercise the authority directly. The board resumes its authority on July 1 of the next fiscal year.

Iowa HF264 temporarily removes the state board of regents' authority over regents institutions if state appropriations are less than 52% of projected.

Iowa HF264 mandates the state board of regents to review the amount of funds appropriated from the general fund to the three regents institutions each fiscal year. If the total amount of funds is less than 52% of the combined projected operating costs of the institutions for the fiscal year, the board's authority over the institutions is fully abrogated for the remainder of the fiscal year. During this period, the institutions exercise the authority directly. The board resumes its authority on July 1 of the next fiscal year.