DENVER (AP) -- A Colorado legislative committee studying long-term fiscal reform has given its approval to a bill giving colleges and universities more flexibility.

The plan calls for allowing colleges to enroll more international students and removing strict, detailed annual state reporting requirements.

The proposals still require approval from legislative leaders before they are presented to the full legislature, which convenes in January.

The commission has spent months studying solutions for higher education and transportation funding, health care and kindergarten through 12th grade education. They've also looked at creating a state rainy day fund.

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