This rulemaking will allow for expanded use of Dormitory Plans under the Florida Prepaid College Program.  

  •  

    STATE BOARD OF ADMINISTRATION

    Florida Prepaid College Board

    RULE NO.:RULE TITLE:

    19B-9.004Dormitory Transfer to Florida Colleges and State University-Held Residences Other than Dormitories

    PURPOSE AND EFFECT: This rulemaking will allow for expanded use of Dormitory Plans under the Florida Prepaid College Program.

    SUMMARY: This rule is amended to enhance a Beneficiary's ability to utilize a Dormitory Plan at a State University-Held Residence that may not currently be designated by the State University for inclusion in the Program.

    SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:

    The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the agency.

    The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: During a discussion of the economic impact of these rules at its Board meeting, the Board, based upon the expertise and experience of its members, determined that a SERC was not necessary and that the rules will not require ratification by the Legislature. No person or interested party submitted additional information regarding the economic impact.

    Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

    RULEMAKING AUTHORITY: 1009.971(1), (4), (6) FS.

    LAW IMPLEMENTED: 1009.98 (3), 10 FS.

    IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN THE FAR.

    Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Michael Frick, Director of Operations, 1801 Hermitage Blvd., Suite 210, Tallahassee, FL, (850)488-8514, michael.frick@myfloridaprepaid.com. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

    THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Michael Frick, Director of Operations, 1801 Hermitage Blvd., Suite 210, Tallahassee, FL, (850)488-8514, michael.frick@myfloridaprepaid.com

     

    THE FULL TEXT OF THE PROPOSED RULE IS:

    19B-9.004 Dormitory Transfer to Florida Colleges and State University-Held Residences Other than Dormitories.

    (1) A Dormitory Plan may be transferred to a Florida College or Florida College direct-support organization that operates a residence facility for students attending the Florida College. Funds transferred to the Florida College or Florida College direct-support organization shall not exceed the lesser of the actual fees charged by the Florida College or the Florida College direct-support organization for dormitories or residency opportunities or the average dormitory fees payable under the beneficiary’s Dormitory Plan for State University dormitories designated for inclusion in the Program.

    (2) A Dormitory Plan may be transferred to other State University held residences designated by a State University for inclusion in the Program. Funds transferred to other State University held residences shall not exceed the amount otherwise average of fees payable under the beneficiary’s Dormitory Plan for dormitories at the State University that are designated for inclusion in the Program. The terms of the State University contract shall take precedence over the terms of the advance payment contract for the purpose of transferring Dormitory Plans.

    Rulemaking Authority 1009.971(1), (4), (6) FS. Law Implemented 1009.98(3), (10) FS. History–New 10-20-96, Amended 1-28-09, 11-30-09, 10-18-10, _________.

     

    NAME OF PERSON ORIGINATING PROPOSED RULE: Florida Prepaid College Board

    NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Florida Prepaid College Board

    DATE PROPOSED RULE APPROVED BY AGENCY HEAD: June 20, 2013

    DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: June 4, 2013

Document Information

Comments Open:
6/24/2013
Summary:
This rule is amended to enhance a Beneficiary's ability to utilize a Dormitory Plan at a State University-Held Residence that may not currently be designated by the State University for inclusion in the Program.
Purpose:
This rulemaking will allow for expanded use of Dormitory Plans under the Florida Prepaid College Program.
Rulemaking Authority:
1009.971(1), (4), (6), F.S.
Law:
1009.98 (3), 10, F.S.
Contact:
Michael Frick, Director of Operations, 1801 Hermitage Blvd., Suite 210, Tallahassee, FL (850) 488-8514; michael.frick@myfloridaprepaid.com.
Related Rules: (1)
19B-9.004. Dormitory Transfer to Community Colleges and State University-Held Residences Other than Dormitories