This rule amendment updates references to the Dormitory Plan and to change references from “community college” to “Florida College” for purposes of the Florida Prepaid College Plan.

STATE BOARD OF ADMINISTRATION
Florida Prepaid College Board

Rule No.: RULE TITLE
19B-9.004: Dormitory Transfer to Community Colleges and State University-Held Residences Other than Dormitories
PURPOSE AND EFFECT: This rule amendment updates references to the Dormitory Plan and to change references from “community college” to “Florida College” for purposes of the Florida Prepaid College Plan.
SUMMARY: This rule change is being made to update references to the Dormitory Plan and to changes references from “community college” to “Florida College”.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
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.
SPECIFIC 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 HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: September 20, 2010, 2:00 p.m.
PLACE: Suite 210, Hermitage Building, 1801 Hermitage Boulevard, Tallahassee, Florida
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Thomas J. Wallace, Executive Director, 1801 Hermitage Boulevard, Suite 210, Tallahassee, Florida 32308, telephone [phone]

THE FULL TEXT OF THE PROPOSED RULE IS:

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

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

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

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: December 1, 2009
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: August 20, 2010