Missouri Senate

Senate Committee Substitute

This act requires the cooperative development of a university resource allocation model by the public four-year institutions of higher education, State Technical College of Missouri, 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 must 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.

Any annual increases in appropriations from the previous fiscal year's state funding level will be distributed in the following manner: at least ninety percent of the increase will be distributed based on the institutional performance measures; no more than ten percent of the increase will be distributed to address inequitable state funding on a per student basis, inequitable state funding determined on a per credit hour basis, or a combination of the two, as described in the act. Any inequity that results from performance funding measures must not be considered when distributing funds to address inequitable state funding.

By July 1, 2015, 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 and State Technical College of Missouri, 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