(a) The maximum tuition rate prescribed for a dual credit course through this program is $55 per semester credit hour or equivalent of a semester credit hour in the 2023-2024 academic year.(b) The Commissioner shall use the Consumer Price Index for the preceding 12 months as calculated by the U.S. Bureau of Labor Statistics, to apply an annual inflationary adjustment to the FAST tuition rate.(c) The Commissioner shall determine and announce the annual FAST tuition rate not later than the final day of January prior to the start of each fiscal year.(d) The annual tuition rate announced per subsection (c) of this section takes effect in the fall semester following the announcement.