Sec. 12.5. (a) This section applies to tuition and mandatory fees that a board of trustees of a state educational institution votes to increase under section 7 of this chapter.

     (b) Not later than thirty (30) days after the enactment of a state budget, the commission shall recommend nonbinding tuition and mandatory fee increase targets for each state educational institution.

     (c) The state educational institution shall submit a report to the state budget committee concerning the financial and budgetary factors considered by the board of trustees in determining the amount of the increase.

     (d) The state budget committee shall review the targets recommended under subsection (b) and reports received under subsection (c) and may request that a state educational institution appear at a public meeting of the state budget committee concerning the report.

As added by P.L.224-2007, SEC.136. Amended by P.L.229-2011, SEC.234; P.L.107-2012, SEC.39.