Limits appropriation from state school aid fund for community colleges and higher education.

The bill establishes a cap on the amount of money that can be appropriated from the state school aid fund for community colleges and higher education. Specifically, it sets a limit of $1,324,000,000.00 for each fiscal year starting from the fiscal year ending September 30, 2026. If this limit is exceeded, general fund/general purpose money must be used to cover the difference. This act is named the "Community Colleges and Higher Education Funding Source Limitation Act.

Limits appropriation from state school aid fund for community colleges and higher education.

The bill establishes a cap on the amount of money that can be appropriated from the state school aid fund for community colleges and higher education. Specifically, it sets a limit of $1,324,000,000.00 for each fiscal year starting from the fiscal year ending September 30, 2026. If this limit is exceeded, general fund/general purpose money must be used to cover the difference. This act is named the "Community Colleges and Higher Education Funding Source Limitation Act.