HB 1345

The bill changes the higher education funding provisions, effective for the 2027-28 state fiscal year. Under current law, a state institution of higher education's governing board's annual fee-for-service contract includes funding calculated based on 3 components: Ongoing additional funding, performance funding, and temporary additional funding. The bill: Changes the name of the funding from 'performance funding' to 'results-informed funding'; Redefines some of the terms and metrics that are used to determine results-informed funding; and Reorders the components and eliminates current statutory language that requires sequential calculation of the components. (Note: This summary applies to this bill as introduced.)