The implementation of the funding component of the outcome-centered formula defined in ยงยง 6-61-224, 6-61-228, and 6-61-229 shall not progress beyond the 2014-2015 school year until such time as the Department of Higher Education determines that all institutions are funded at the minimum standard of equity defined as seventy-five percent (75%) of needed state funding, as determined by the needs-based component of the funding formula models. In any fiscal year that the aggregate general revenue funding forecast to be available for higher education institutions is less than the amount in the 2012-2013 fiscal year, the department will not further implement the funding component until such time as the aggregate general revenue for higher institutions is restored to the 2012-2013 fiscal year level. The department shall continue to execute and publish the results of the outcome-centered component to measure the progress of institutions in reaching the broad goals of satisfactory progression and graduation of all students enrolled in state-supported institutions of higher education.
Section: Previous 6-61-217 6-61-218 6-61-220 6-61-221 6-61-222 6-61-224 6-61-226 6-61-227 6-61-228 6-61-229 6-61-230 6-61-231 6-61-232 6-61-233Last modified: November 15, 2016