Indiana § 21-18-16-3 Funding formula subject to review by budget committee; funding
formula report

Indiana Statutes

§ 21-18-16-3 — Funding formula subject to review by budget committee; funding formula report

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

(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 create the formula. The commission shall submit the report prepared under this subsection to the budget committee not later than five (5) days before the meeting described in subsection (c).

(c)In even-numbered years, the executive officer of the commission, or the executive officer's designee, shall present the outcomes based funding formula approved by the commission under this chapter and the report submitted under subsection (b) to the budget committee at a meeting

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(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
create the formula. The commission shall submit the report prepared
under this subsection to the budget committee not later than five (5)
days before the meeting described in subsection (c).
(c) In even-numbered years, the executive officer of the
commission, or the executive officer's designee, shall present the
outcomes based funding formula approved by the commission under
this chapter and the report submitted under subsection (b) to the budget
committee at a meeting that occurs prior to when budget hearings are
held under IC 4-12-1-8 and the meeting at which the commission
makes its presentation under IC 21-18-9-1(3).

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