SSB 3164

The bill defines “presidents council” as a council that is convened by the Iowa association of community college trustees that is made up of the presidents of the community colleges and the chancellors of the community colleges who serve as the chief executive officers of such community colleges.18C to provide that moneys appropriated by the general assembly from the general fund of the state to the department for community college purposes for general state financial aid for a budget year shall be allocated to each community college by the department pursuant to the terms of a distribution formula approved by the presidents council. The bill requires the presidents council to annually, on or before October of each year, establish such distribution formula for the succeeding budget year. The bill establishes goals the presidents council is to consider when determining the distribution formula. The bill provides that the distribution formula requires the approval of at least members of the presidents council. _____ distribution formula for general state aid to the community colleges for the succeeding budget year. Current law provides that adjustments to community college state general aid allocations are required to be made based on the outcomes of audits of student enrollment. The bill strikes this provision. The bill applies to budget years beginning on or after July 1, 2025.