A bill for an act providing for temporary abrogation of authority of the state board of regents over regents institutions based on the amount of appropriations to the institutions from the general fund of the state.

HF 264 requires Iowa's State Board of Regents to annually review whether general fund appropriations to the University of Iowa, Iowa State University, and the University of Northern Iowa meet or exceed 52% of their combined projected operating costs by August 1 each year. If appropriations fall below this threshold, the Board temporarily loses all authority over these institutions for the rest of that fiscal year, and each university gains direct control over management, budgets, programs, and operations as if the Board had no authority. The Board regains full authority on July 1 of the following year. This bill directly affects the three public universities and shifts operational control based solely on funding levels relative to projected costs.