The House today passed a fully funded bipartisan, compromise bill that allocates $600 million from the Educational Assistance Fund to provide stopgap funding for universities and community colleges, and to fund one semester of MAP grants for students.
"Senate Bill 2059 will use available revenue, not IOUs, to provide a lifeline to our struggling higher education institutions and the MAP program. Unlike past bills, this legislation is fully funded, meaning schools will get the money they need in the next few weeks. I'm incredibly pleased that this deal was reached and our students can make decisions about their educational futures with greater confidence. However, a lot of work remains to be done. This bipartisan, compromise effort is a good start and should be the template moving forward to find solutions for our deteriorating human services and a full budget."
Shortly after passage in the House, the Senate unanimously approved the bill. It will be sent to the Governor, where it is expected to be signed immediately.