AL HR359

Encourages the Alabama Commission on Higher Education to establish a Permanent Committee on University Funding composed of presidents of Alabama's four-year public universities or their designees.

Committee should be chaired by a university president and develop a higher education funding formula incorporating best practices from states with successful models.

Formula should include incentives for achieving benchmarks such as student matriculation and persistence, degree attainment in critical areas, student outcomes, weighted credit hour production, and measurable research and public service productivity.

Committee must complete and present the formula to the Alabama Commission on Higher Education no later than June 2014 for use as the basis for the FY2016 Consolidated Budget Recommendation.

Committee should reconvene in the second and fourth years of each quadrennium to review and update the formula.