HB 678 Summary

• Establishes the Ohio Higher Education Innovation Grant Program administered by the Chancellor of the Ohio Board of Regents to promote educational excellence and efficiency in higher education.

• Awards grants to state institutions of higher education for innovative projects that incorporate academic achievement and economic efficiencies, with institutions able to collaborate with other public or private institutions.

• Requires grant applications to include: a system to measure academic achievement and cost reductions; demonstration of project sustainability beyond the grant period; proof of commitment from all implementing parties; and an ongoing evaluation process with improvement plans.

• Appropriates $0 for fiscal year 2014 and $100,000,000 for fiscal year 2015 from the General Revenue Fund for the Innovation Grants program.