§ 16-107-7. Reporting and disbursement.
(a) On or before November 10 and May 10 of each fiscal year following fiscal year 2017,
the community college of Rhode Island shall submit a report to the director of the
office of management and budget, the state budget officer, the house fiscal advisor,
the senate fiscal advisor, the commissioner of postsecondary education, and the chair
of the council on postsecondary education detailing the number of students eligible
to participate in the scholarship program, the amount of federal and institutional
financial aid anticipated to be received by recipient students, the aggregate tuition
and mandatory fee costs attributable to recipient students, and the resulting total
cost of the scholarship program to the state. The report shall contain such data for
both the current fiscal year and the most up-to-date forecast for the following fiscal
year. Data reported shall be subdivided by student-year cohort and shall be accompanied
by a written explanation detailing the estimating methodology utilized and any impact(s)
the forecasted data may present to institutional capacity, operational costs, and
the tuition/fee revenue base of the institution.
(b) On or before July 1, 2020, the community college of Rhode Island and the commissioner
of postsecondary education shall submit a report evaluating the program based on the
first two cohorts to the governor, speaker of the house, and the president of the
senate. This evaluation shall include the following:
(1) The number of students who started in each cohort;
(2) The number of students in each cohort who have attained a degree or certification
in an on-time manner;
(3) The number of students in each cohort who have not attained a degree or certification
in an on-time manner and an analysis of why that has happened;
(4) The number of students in each cohort who began the program but have been unable to
continue or complete the program and an analysis of why that has happened;
(5) The costs of the program and the costs of continuing the program;
(6) Suggestions for ways to increase the success of the program;
(7) Recommendations as to modifying, continuing, expanding, curtailing, or discontinuing
the program; and
(8) Any such other recommendations or information as the community college of Rhode Island
and the commissioner of postsecondary education deem appropriate to include in the
evaluation.
(c) The office of management and budget, in consultation with the office of the postsecondary
commissioner, shall oversee the apportionment and disbursement of all funds appropriated
for the purpose of the scholarship program.