HBA-BSM H.B. 3261 77(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 3261 By: Williams Higher Education 4/1/2001 Introduced BACKGROUND AND PURPOSE Currently, institutions of higher education are required to collect a property deposit of up to $10 from all students and refund the deposit if the student is graduating or is no longer enrolled in the institution. The deposit gives institutions insurance against losses and damage to the institution's property. However, for smaller institutions , the administrative requirements and costs associated with the deposits may outweigh any benefit from deposit forfeitures. House Bill 3261 increases the amount to $100 that an institution is authorized to collect as a deposit. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Bill 3261 amends the Education Code to authorize, rather than require, an institution of higher education to collect a reasonable deposit in an amount not to exceed $100, rather than $10, from each student to insure the institution against losses, damages, and breakage in libraries and laboratories. The deposit is required to be returned on the withdrawal or graduation of a student, less an amount necessary to cover any loss, damage, or breakage caused by the student. EFFECTIVE DATE On passage, or if the Act does not receive the necessary vote, the Act takes effect September 1, 2001.