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IN HB1467
Bill
Status
1/14/2015
Primary Sponsor
Martin Carbaugh
Click for details
AI Summary
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Adds new Chapter 14 to Indiana Code Title 21-18-14 regarding performance funding for higher education institutions.
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Defines "performance funding formula" as the funding model established by the commission to incentivize state educational institutions that improve in specific metrics.
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Requires that if the commission includes an on-time graduation rate metric in the performance funding formula, four-year state educational institutions must measure this metric based on students who graduate with a baccalaureate degree in six or fewer years.
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Becomes effective July 1, 2015.
Legislative Description
Performance funding. Requires that, if the commission for higher education includes in the performance based formula a metric for on time graduation rates, the metric for four year state educational institutions must be based on students included in the formula who graduate with a baccalaureate degree in six or fewer years.
Last Action
First Reading: referred to Committee on Education
1/14/2015