AN ACT relating to public postsecondary education institutions.

Amend KRS 164.020 to prohibit the Council on Postsecondary Education from raising tuition for a postsecondary education institution more than 5% a year for resident students and 7% a year for nonresident students; provide a 4-year tuition freeze for an enrolled resident students; require an institution to notify a student before expiration of a tuition freeze; require any increase to tuition or fees to be approved before March 1 of the proceeding school year; amend KRS 164.131 to add 2 additional full-time student members to the University of Kentucky Board of Trustees, including 1 graduate student; remove language regarding initial appointments; amend KRS 164.821 to add a second faculty member to the University of Louisville Board of Trustees; add 2 additional full-time student members to the University of Louisville Board of Trustees, including 1 graduate student; remove language regarding initial appointments; amend KRS 164.321 to add a second faculty member to the boards of regents of comprehensive universities; add 2 additional full-time student members to the boards of regents, including 1 full-time graduate student; remove language regarding initial appointments; provide that the bill may be cited as the Kentucky Student Tuition Protection and Accountability Act; EFFECTIVE JULY 1, 2024.