GOVERNMENT SEVERANCE PAY

Amends the Government Severance Pay Act. Modifies the definition of "severance pay" to apply to a university president or chancellor who is transitioning to a new position within the university for which he or she is employed, but excluding interim presidents and interim chancellors. Provides that a contract containing a severance pay provision must include, among other requirements, a requirement that if a provision to transition into a different position is included in a university president's or chancellor's contract, then the contract must include specified provisions. Amends the Board of Higher Education Act. Requires, beginning July 1, 2022, the Board of Higher Education to create and maintain on its Internet website an online trustee resource center that shall include specified information. Defines "Department". Effective immediately.