SB3176 Summary

• Creates a Board of Regents consisting of 7 gubernatorial appointees (Senate-confirmed) to allocate state funding to public universities based on a funding formula recommended by the Board of Higher Education, beginning with fiscal year 2020.

• Requires all state appropriations for public universities to be made to the Board of Regents rather than directly to individual institutions, effective fiscal year 2020.

• Authorizes the Board of Higher Education to require elimination of academic programs at public universities that exhibit trends of low performance or low enrollment.

• Directs the Board of Higher Education to develop a comprehensive statewide efficiency and enrollment plan including measures for FAFSA support, early enrollment opportunities, unified admissions applications, credit transfer recognition, and loan forgiveness programs.

• Prohibits the Board of Regents from funding any public university that fails to adhere to the Board of Higher Education's statewide efficiency plan.