21-18-16-2. Duty to Create Formula; Align With Long Range Plan for Postsecondary Education
Sec. 2. (a) The commission shall create a higher educational operating funding outcomes based formula that aligns with the goals outlined in the commission’s long range plan for postsecondary education under IC 21-18-8. (b) An outcomes based funding formula must be created and approved by the commission at a meeting of the commission on or […]
21-18-16-3. Funding Formula Subject to Review by Budget Committee; Funding Formula Report
Sec. 3. (a) An outcomes based funding formula approved by the commission under this chapter is subject to review by the budget committee. (b) The commission shall create a report with regard to each outcomes based funding formula. The report must contain a detailed summary of the formula, the methodologies, and the metrics used to […]