Indiana § 21-18-16-2 Duty to create formula; align with long range plan for postsecondary
education

Indiana Statutes

§ 21-18-16-2 — Duty to create formula; align with long range plan for postsecondary education

Indiana·Title 21 HIGHER EDUCATION·Art. 18 COMMISSION FOR HIGHER EDUCATION·Ch. 16 Outcomes Based Funding Formula

(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)The commission shall create a separate higher educational operating funding outcomes based formula for Ivy Tech Community College that:

(1)aligns with the goals outlined in the commission's long range plan for postsecondary education under IC 21-18-8; and

(2)focuses on employer needs, positive wage outcomes, and stackable credentials.

(c)An outcomes based funding formula must be created and approved by the commission at a meeting of the commission on or before October 1 of each even-numbered year prior to each odd-numbered year in which the general assembly will reconvene in

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(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) The commission shall create a separate higher educational
operating funding outcomes based formula for Ivy Tech Community
College that:
(1) aligns with the goals outlined in the commission's long range
plan for postsecondary education under IC 21-18-8; and
(2) focuses on employer needs, positive wage outcomes, and
stackable credentials.
(c) An outcomes based funding formula must be created and
approved by the commission at a meeting of the commission on or
before October 1 of each even-numbered year prior to each
odd-numbered year in which the general assembly will reconvene in a
first regular session and consider a state budget bill.
(d) The commission shall approve the metrics used for an outcomes
based funding formula created under this chapter.

Indiana § 21-18-16-2 (Duty to create formula; align with long range plan for postsecondary education) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.