Missouri Senate

Introduced

This act requires the cooperative development of a university resource allocation model by the public four-year institutions of higher education and the Department of Higher Education. The Coordinating Board for Higher Education must approve the model.

The core funding level for each institution will be the appropriated amount for each institution for fiscal year 2015. This amount shall be adjusted annually in accordance with the model beginning in fiscal year 2016. The Department must evaluate the model's effectiveness and submit a report to the Joint Committee on Education, the President Pro Tempore of the Senate, and the Speaker of the House of Representatives by November 1, 2019 and every four years thereafter.

Ten percent of each institution's appropriation will be distributed in the following manner: at least ninety percent of it will be distributed based on the institutional performance measures; no more than ten percent of it will be distributed to address inequitable state funding on a per student basis; and no more than ten percent of it will be distributed to address inequitable state funding determined on a per credit hour basis, as described in the act.

By August 28, 2014, the Coordinating Board for Higher Education must develop and adopt at least five institutional performance measures for each public four-year institution of higher education, in collaboration with the institutions and the Joint Committee on Education. The Coordinating Board must evaluate and, if necessary, revise the measures every three years. The Coordinating Board must promulgate the institutional performance measures as administrative rules.

MICHAEL RUFF