An act relating to the governance and transformation of the Vermont State Colleges Corporation

This bill restructures the governance of the Vermont State Colleges Corporation by eliminating the Chancellor position and reducing the number of legislative trustees on the Board of Trustees from two to one, while adding new faculty and staff trustee positions. The changes would shift representation to include one trustee appointed by faculty unions and another by staff unions, alongside a student trustee, to give more direct voice to college employees and students in decision-making. The legislation also proposes reducing required structural deficit reductions for fiscal years 2025 and 2026 and includes related updates to state statutes regarding definitions, management rights, and workforce development board membership. These provisions would take effect by August 1, 2024, with the two longest-serving legislative trustees being replaced by the new faculty and staff representatives.