The bill, H.B. No. 299, mandates a study by the Legislative Budget Board to assess the long-term effects of regulating tuition rates at public institutions of higher education in Texas. It introduces a new section, 322.0166, to the Government Code, which outlines the objectives of the study, including evaluating the costs and benefits of potential legislative actions that could regulate tuition rates. The study will consider the balance between making higher education more affordable and ensuring institutions have sufficient revenue to maintain educational quality. Specific tasks for the board include recommending appropriate tuition rates, evaluating the impact on student access and financial aid, estimating potential revenue changes from regulatory actions, and identifying funding sources to offset any projected revenue losses.

The bill requires the board to submit a report by December 1, 2026, detailing the study's findings and recommendations to key state officials. Additionally, the new section will expire on September 1, 2027. The bill is designed to take effect immediately upon receiving a two-thirds majority vote in both houses; otherwise, it will take effect on September 1, 2025.

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