SB2969 Summary

• Creates a graduation incentive grant program administered by the Board of Higher Education to provide grants to public universities offering 4-year graduation contracts to undergraduate students.

• Requires participating universities to annually report to the Board of Higher Education including the number of students in the program, contract requirements, support services provided, and program costs.

• Authorizes the Board of Higher Education to award grants based on applicant report data, number of participating institutions, and other criteria deemed appropriate.

• Empowers the Board of Higher Education to adopt rules necessary for administering the grant program.

• Removes the requirement for the Board to submit annual budgetary recommendations and notify applicants that grants are contingent on appropriated funds availability.