Senator downplays proposed suspension of Florida Prepaid program
By Jodie Tillman, Times/Herald Tallahassee Bureau Monday, March 21, 2011
TALLAHASSEE — Sen. Evelyn Lynn said Monday she only wanted to give the state some “breathing room” when she pitched a controversial proposal last week to close the Florida Prepaid College program to new participants.
Lynn, an Ormond Beach Republican who heads the Senate’s higher education appropriations committee, called for suspending sales of new contracts because she was worried about the state’s guarantee of current ones and called the program a “huge liability.”
On Monday, she added the word “temporarily” to her draft proposal and gushed over the program’s success.
She also released a four-paragraph statement that said she had pitched the idea “to allow the fiscal situation to stabilize and help purchasers be aware of what their current contracts cover and what additional investment products they might need to add to cover the increasing costs of …
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