University of Southern Mississippi; authorize to sell or enter long term lease for use of university property.
What changed between versions
Requires every state institution of higher learning and public community college to submit a report detailing financial literacy education activities by October 1, 2026.
Mandates that the governing boards compile these individual reports into a single consolidated report to be submitted to the House and Senate Universities and Colleges Committees by November 1, 2026.
Specifies the exact components that must be included in the reports, such as policies, credit-bearing courses, workshops, counseling opportunities, and digital resources.
Defines a specific list of financial literacy concepts (e.g., budgeting, credit, student loans, taxes, investing) that the reports must identify as being addressed by the institutions' activities.
Changed the effective date of the act's second section from immediate passage to July 1, 2026, aligning with the new reporting deadlines.
Updated the bill title and act description to reflect the addition of the financial literacy reporting requirements.
