Florida Senate - 2019 PROPOSED COMMITTEE SUBSTITUTE Bill No. CS for SB 464 Ì112706ÉÎ112706 576-03857-19 Proposed Committee Substitute by the Committee on Appropriations (Appropriations Subcommittee on Education) 1 A bill to be entitled 2 An act relating to prepaid college plans; amending s. 3 1009.98, F.S.; authorizing the transfer of fees 4 associated with dormitory residency to approved 5 qualified nonprofit organizations under certain 6 circumstances; prohibiting transferred fees from 7 exceeding a specified amount; defining the term 8 “qualified nonprofit organization”; amending s. 9 1009.983, F.S.; revising the governance of the Florida 10 Prepaid College Board’s direct-support organization; 11 providing an effective date. 12 13 Be It Enacted by the Legislature of the State of Florida: 14 15 Section 1. Paragraph (d) of subsection (2) of section 16 1009.98, Florida Statutes, is amended to read: 17 1009.98 Stanley G. Tate Florida Prepaid College Program.— 18 (2) PREPAID COLLEGE PLANS.—At a minimum, the board shall 19 make advance payment contracts available for two independent 20 plans to be known as the Florida College System institution plan 21 and the university plan. The board may also make advance payment 22 contracts available for a dormitory residence plan. The board 23 may restrict the number of participants in the Florida College 24 System institution plan, university plan, and dormitory 25 residence plan, respectively. However, any person denied 26 participation solely on the basis of such restriction shall be 27 granted priority for participation during the succeeding year. 28 (d)1. Through the dormitory residence plan, the advance 29 payment contract may provide prepaid housing fees for a maximum 30 of 10 semesters of full-time undergraduate enrollment in a state 31 university. Dormitory residence plans must
shallbe purchased in 32 increments of 2 semesters. The cost of participation in the 33 dormitory residence plan shall be based primarily on the average 34 current and projected housing fees within the State University 35 System and the number of years expected to elapse between the 36 purchase of the plan on behalf of a qualified beneficiary and 37 the exercise of the benefits provided in the plan by such 38 beneficiary. Qualified beneficiaries shall have the highest 39 priority in the assignment of housing within university 40 residence halls. Qualified beneficiaries shall bear the cost of 41 any additional elective charges such as laundry service or long 42 distance telephone service. Each state university may specify 43 the residence halls or other university-held residences eligible 44 for inclusion in the plan. In addition, any state university may 45 request immediate termination of a dormitory residence contract 46 based on a violation or multiple violations of rules of the 47 residence hall or other university-held residences. In the event 48 that sufficient housing is not available for all qualified 49 beneficiaries, the board shall refund the purchaser or qualified 50 beneficiary an amount equal to the fees charged for dormitory 51 residence during that semester. If a qualified beneficiary is 52 admitted to the state university and finds housing with a 53 qualified nonprofit organization, as defined in subparagraph 2., 54 that is approved by the state university, the state university 55 may transfer or cause to have transferred to the qualified 56 nonprofit organization the fees associated with dormitory 57 residence. If a qualified beneficiary fails to be admitted to a 58 state university or chooses to attend a Florida College System 59 institution that operates one or more dormitories or residency 60 opportunities, or has one or more dormitories or residency 61 opportunities operated by the Florida College System institution 62 direct-support organization, the qualified beneficiary may 63 transfer or cause to have transferred to the Florida College 64 System institution, or Florida College System institution 65 direct-support organization, the fees associated with dormitory 66 residence. If a qualified beneficiary attends a Florida College 67 System institution and finds housing with a qualified nonprofit 68 organization, as defined in subparagraph 2., that is approved by 69 the Florida College System institution, the Florida College 70 System institution may transfer or cause to have transferred to 71 the qualified nonprofit organization the fees associated with 72 dormitory residence. Dormitory fees transferred to a theFlorida 73 College System institution, orFlorida College System 74 institution direct-support organization, or qualified nonprofit 75 organization may not exceed the average maximumfees charged for 76 state university dormitory residence for the purposes of this 77 section, or the fees charged for Florida College System 78 institution or Florida College System institution direct-support 79 organization dormitories or residency opportunities, whichever 80 is less. 81 2. For purposes of this paragraph, the term “qualified 82 nonprofit organization” means a nonprofit organization under s. 83 501(c)(3) of the United States Internal Revenue Code which 84 provides one or more dormitories or residency opportunities to 85 students enrolled full-time in a state university or Florida 86 College System institution, primarily supports students that 87 lack financial resources, and has been approved by the board for 88 inclusion in the plan. 89 Section 2. Subsection (5) of section 1009.983, Florida 90 Statutes, is amended to read: 91 1009.983 Direct-support organization; authority.— 92 (5) The chair and the executive directorof the board shall 93 be a director directorsof the direct-support organization. The 94 chair and the executive director of the board andshall jointly 95 name, at a minimum, four threeother individuals to serve as 96 directors of the organization. 97 Section 3. This act shall take effect July 1, 2019.