03.31.2009: Ballot Language

I have been asked by a number of students about the details of the proposed bond fee. I thought it would be helpful to post the actual ballot language that students will be asked to vote on in the coming election (April 13th through the 17th).

-Jack

The ballot language is below:

Should a new student capital fee be established in fall 2009 to generate the necessary revenue to:

1. Establish a permanent debt service fund to pledge toward capital construction financing
2. Establish a permanent scholarship and grant fund
3. Establish a permanent fund for equipment and classroom enhancement

The debt service portion will provide capital construction financing for the construction of a new Metro State College neighborhood building. The balance of the student capital fee will be placed in restricted funds to be used exclusively for the purposes outlined in the table below.

This per-credit-hour fee will be assessed up to 12 credit hours. No additional fee is assessed to students taking in excess of 12 credit hours. Student approval necessary to increase fee above proposed rate.

PROPOSED STUDENT CAPITAL FEE
No additional fee will be assessed for students taking in excess of 12 credit hours
Maximum fee, student approval is necessary to raise the fee above the proposed rates