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

This bill proposes to restructure the governance of the Vermont State Colleges Corporation by eliminating the Chancellor position and reducing the number of legislative trustees from two to one, while adding one faculty trustee and one staff trustee to the Board of Trustees. The legislation would also remove requirements for structural deficit reductions and maintaining current campuses as educational centers, giving the Board more flexibility in managing the system. Additionally, the bill establishes a new Office of the President to oversee shared services across institutions and requires annual reporting to the General Assembly on the costs and allocation of these shared services. The changes would take effect by August 1, 2024, with the two longest-serving legislative trustees being replaced by the new faculty and staff representatives.