UT SB0216

Establishes a formula for enrollment-based funding for Utah higher education institutions, calculating changes based on five-year average full-time equivalent enrollment with state cost-sharing weights ranging from 50% for research universities to 90% for technical colleges

Creates new performance metrics for the 2027-2032 period including workforce responsiveness (degrees mapping to high-demand jobs), institutional efficiency (awards per student), timely completion rates, and placement rates for technical college graduates

Requires the Board of Higher Education to complete a technical college capacity funding framework study by October 1, 2026, addressing processes for identifying programs eligible for state-funded expansion and mechanisms for returning funds if capacity gains are not achieved

Allows regional universities that freeze lower-division tuition and fees to receive a higher state cost-sharing weight (65% instead of 60%) for enrollment funding calculations

Includes sunset provisions repealing the enrollment funding section on July 1, 2031, and various performance metric provisions for the 2022-2027 period on July 1, 2028