AB 164
Revises provisions relating to the Account for Student Indemnification. (BDR 34-544)
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Bill overview
This bill changes the threshold amount in the Account for Student Indemnification, which provides financial protection to students affected by certain issues at postsecondary educational institutions. Currently, institutions aren't required to pay a quarterly fee to the state if the account balance is $250,000 or more. This bill raises that threshold to $750,000, potentially reducing the fees paid by private colleges and universities. The account funds can be used to compensate students who have suffered damages due to school closure or violations of regulations.
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Primary sponsor
PK O’Neill
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