COM COL-SEVERANCE AGREEMENT

Amends the Public Community College Act. Provides that no State moneys from any State funds, proceeds of property tax levies, or student tuition funds may be used to pay for a severance agreement entered into by a board of trustees of a community college district with an employee of the community college district. Provides that a board that pays a severance amount to a district employee greater than the sum of one year's salary and benefits for that employee is prohibited from increasing the district's property tax levy, tuition, or fees for a number of years as calculated as follows: the result, rounded up to the next whole number, of the total severance amount paid to the employee divided by the sum of one year's salary and benefits for that employee. Effective immediately.