Senate Bill No. 2200 Summary

• Creates a formula-based funding system for North Dakota higher education institutions based on weighted credit-hours completed by students during two-year periods ending in odd-numbered years.

• Applies instructional program classification factors ranging from 0.0 to 38.0 depending on discipline level (agriculture, engineering, health sciences, etc.) with medical school credits receiving the highest multiplier of 38.0.

• Adjusts funding through completion factors (1.00 to 2.00) based on total credit-hours produced, and size factors (1.0 to 1.8) based on square footage-to-credit-hour ratios.

• Sets base funding amounts per weighted credit-hour ranging from $66.35 for research universities to $104.88 for Williston state college, with a minimum guarantee of 96 percent of prior year funding through June 30, 2017.

• Directs legislative management to study alternative higher education funding methods during 2013-14 interim and appropriates $150,000 to cover study expenses.