Section 15-10.3-04 - Mandatory fee increases - Criteria - Explanation1. Before the state board of higher education may approve an institution's request to increase a mandatory fee, other than a program-specific fee, the institution shall provide to the board the following information: a. The estimated revenue collection to be generated by the proposed fee increase;b. The specific purpose to which the generated revenue will be allocated;c. Other anticipated tuition and fee increases;d. A delineation of fee increases during the preceding five-year period and the revenues collected as a result of each increase;e. The extent to which students were allowed to participate in the decisionmaking process that preceded and resulted in the request for a fee increase; andf. The approximate number of students that would be assessed the fee each year.2. The board shall examine the information provided by the requesting institution and shall support its decision to grant or deny a request for a mandatory fee increase with specific reference to each piece of information required by this section.Added by S.L. 2011, ch. 120 (SB 2351),§ 1, eff. 8/1/2011.