Bill Text: MS SB2310 | 2021 | Regular Session | Introduced
Bill Title: State institutions of higher learning; allow income-sharing agreements between students and institutions.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2021-02-02 - Died In Committee [SB2310 Detail]
Download: Mississippi-2021-SB2310-Introduced.html
MISSISSIPPI LEGISLATURE
2021 Regular Session
To: Universities and Colleges
By: Senator(s) Parks
Senate Bill 2310
AN ACT TO CREATE NEW SECTION 37-101-294, MISSISSIPPI CODE OF 1972, TO ALLOW STATE INSTITUTIONS OF HIGHER LEARNING TO ENTER INTO INCOME-SHARING AGREEMENTS WITH STUDENTS OF THE INSTITUTION AND TO USE INSTITUTIONAL ASSETS TO FUND THE AGREEMENTS; TO REQUIRE THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING TO PRESCRIBE POLICIES AND BYLAWS FOR THE ADMINISTRATION OF THE AGREEMENTS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The following shall be codified as Section 37-101-294, Mississippi Code of 1972:
37-101-294. (1) The state institutions of higher learning may enter into income-sharing agreements with eligible students of the institutions and may use institutional assets to fund these agreements.
(2) The Board of Trustees of State Institutions of Higher Learning shall prescribe policies and bylaws for the proper administration of income-sharing agreements.
SECTION 2. This act shall take effect and be in force from and after July 1, 2021.
