Higher Education Stabilization Fund Signed Into Law

Lieutenant Governor Brad Little signed the Higher Education Stabilization Fund bill into law today.  The bill redirects interest on revenue from tuition and fees at Idaho’s State colleges and universities into an interest account and allows the Legislature to appropriate money directly into the fund.  The fund could then be used similar to the Public Education Stabilization Fund to make disbursements to the institutions in times of economic need.

The legislation was sponsored by Governor Otter, House Assistant Majority Leader Scott Bedke, and Senate Assistant Majority Leader Joe Stegner.  Lieutenant Governor Brad Little signed the bill into law in lieu of Governor Otter, who is in Utah at a Republican Governors Association meeting.

To learn more about the Higher Education Stabilization Fund, visit www.legislature.idaho.gov or read the Governor’s full news release.

-Camille W.