Bill Title: Amends the Board of Higher Education Act. With respect to the Board's analysis of formulating the annual budget request for State universities and colleges, provides that, beginning with Fiscal Year 2013, the annual budget request must incorporate performance-based funding, pursuant to the report of the Board's Higher Education Finance Study Commission. Provides that the Board shall have 2 fiscal years to implement this performance-based funding, and thereafter must update how this funding is calculated every 6 months, which updates must be reported to the Governor and the General Assembly. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2011-08-12 - Public Act . . . . . . . . . 97-0320 [HB1503 Detail]

Text: Latest bill text (Chaptered) [HTML]

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