Providing for temporary abrogation of authority of the state board of regents over regents institutions based on the amount of appropriations to the institutions from the general fund of the state

This bill requires the state board of regents to complete a review of the amount of funds appropriated from the general fund of the state to the university of Iowa, Iowa state university, and the university of northern Iowa for each fiscal year no later than August of that year. The bill requires the board to determine, as part of the review, if the total amount of such funds equals or exceeds percent of the combined projected operating costs of the institutions for the fiscal year. The bill requires the board to publish the results of the review and the board’s determination on the board’s internet site and provide the results and determination in writing to the president of each institution no later than August of each fiscal year. If the board determines that the total amount of funds appropriated from the general fund of the state to the institutions for the fiscal year is less than percent of the combined projected operating costs of the institutions for the fiscal year, the bill provides that upon publication of the results of the review and the board’s determination, all authority provided by law or policy to the board over the institutions in any respect is fully abrogated for the remainder of the fiscal year, notwithstanding any provision of law to the contrary. Such authority with respect to each institution shall instead be exercised by that institution as though any applicable law or policy provided such authority directly to the institution. The board shall reassume all such authority on July of the next fiscal year.