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Senate extends higher-education 'strategic reserves' authority for five years
Summary
The Senate unanimously approved SB 432 to extend the University System of Georgia and Technical College System’s authority to carry forward certain nonappropriated revenues and to allow write-offs up to $3,000, extending the sunset to 2026.
The Georgia Senate unanimously approved Senate Bill 432 on Feb. 18, extending an existing authority that allows institutions in the University System of Georgia and the Technical College System of Georgia to carry forward certain nonappropriated revenues—commonly called strategic reserves—for an additional five years.
Senate committee and floor proponents described strategic reserves as funds made up of tuition,…
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