MO HB746

Creates the "Innovation Education Campus Fund" administered by the commissioner of higher education, with the state treasurer as custodian, and specifies that unspent funds do not revert to the general revenue fund at the end of each biennium.

Establishes four criteria for institutions to receive funding: demonstrating efforts to lower college completion costs, decreasing time required to earn a degree, providing applied learning experiences, and ensuring graduates have direct access to careers.

Designates the University of Central Missouri's Missouri Innovation Campus as an eligible recipient that has already satisfied the criteria.

Defines "innovation education campus" as programs combining public four-year institutions, school districts, and community colleges, with potential partnerships including Linn State Technical College, career and technical schools, and private enterprises.

Requires innovation education campuses to annually verify to the coordinating board for higher education that they meet established criteria before fund disbursements are made, and authorizes the coordinating board to promulgate implementing rules.