ENGROSSED SENATE
BILL NO. 156	By:	Halligan and Brecheen of the Senate

			and

		Denney of the House

An Act relating to the Oklahoma State Regents for Higher Education; requiring the State Regents for Higher Education to annually submit a report to the Legislature; establishing the contents of the report; providing for codification; providing an effective date; and declaring an emergency.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     NEW LAW     A new section of law to be codified in the Oklahoma Statutes as Section 3218.16 of Title 70, unless there is created a duplication in numbering, reads as follows:
The Oklahoma State Regents for Higher Education shall annually submit a report to the Legislature providing information concerning all baccalaureate programs offered in the Oklahoma State System of Higher Education.  The report shall contain the following information regarding each baccalaureate offering for the preceding five (5) years:
1.  The average five-year graduation rate for first-time college enrollees;
2.  The average debt incurred by students who incurred student loan debt to complete their studies;
3.  The percentage of students employed within the discipline of their studies upon graduation; and
4.  Information presented at the conclusion of the sophomore year of study to students and their parents or financially responsible party reporting the projected level of debt incurred by those students who, in obtaining their degree, incurred debt, and information detailing other academic programs which are in high demand in the Oklahoma economy.
SECTION 2.  This act shall become effective July 1, 2013.
SECTION 3.  It being immediately necessary for the preservation of the public peace, health and safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval.
Passed the Senate the 12th day of March, 2013.

	
	Presiding Officer of the Senate

Passed the House of Representatives the ____ day of __________, 2013.

	
	Presiding Officer of the House
	of Representatives