HSB 48 (LSB 1431XD (5) 91)

SENATE/HOUSE FILE _____

BY  (PROPOSED DEPARTMENT OF EDUCATION BILL)

A BILL FOR

An Act providing for an annual authorization fee to be collected by the college student aid commission from certain postsecondary educational institutions not subject to registration with the commission.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 261B.8, subsection 2, Code 2025, is amended to read as follows:
   2.  Fees provided for in subsection 1 shall be set by rule not more than once each year and shall be based upon the costs of administering this chapter.
    Sec. 2.  Section 261B.8, Code 2025, is amended by adding the following new subsection:
   NEW SUBSECTION.  2A.  The commission shall collect a single, nonrefundable annual authorization fee from each entity authorized by the commission under section 261B.11 or 714.18 that does not pay a registration fee under subsection 1 or chapter 261G. Commencing with the fiscal year beginning July 1, 2025, the fee amounts provided in this subsection shall be in effect. The commission may increase the fee annually by an amount not to exceed three percent. For the purposes of this subsection, “primary location” means the physical location of the main campus of an entity, or the physical location of the corporate office of an entity if there is not a physical campus.
   a.  For an entity granted an exemption under section 261B.11 with a primary location in Iowa, two thousand dollars.
   b.  For an entity granted an exemption under section 261B.11 with a primary location outside of Iowa, three thousand five hundred dollars.
   c.  For an entity subject to section 714.18 with a primary location in Iowa, two thousand dollars.
   d.  For an entity subject to section 714.18 with a primary location outside of Iowa, three thousand five hundred dollars.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill requires the college student aid commission to collect a single, nonrefundable annual authorization fee, in an amount specified in the bill, from certain entities that do not pay a registration fee to the commission under current law. Such entities include an entity exempt from registration with the commission under Code chapter 261B or an entity maintaining or conducting in Iowa any educational course by classroom instruction or by correspondence or by other delivery method, or soliciting in Iowa the sale of such course under Code section 714.18. The commission may increase the fee annually by an amount not to exceed 3 percent.