093_SB0010

 
                                     LRB093 03511 NHT 03540 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  lesser  of  the  following: (i) 5% of the
19    applicable  rate  of  tuition  that  was   charged   in   the
20    immediately  preceding  academic  year;  or  (ii)  the result
21    obtained when the applicable rate of tuition that was charged
22    in the immediately preceding academic year is  multiplied  by
23    the  rate  of  inflation  for the calendar year in which that
24    academic year began.

25        Section 99. Effective date.  This Act takes  effect  upon
26    becoming law.