SB 366 IN

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Became Law

Requires the commission to create a higher educational operating funding outcomes based formula (funding formula) in each year prior to a budget session of the general assembly. Provides that the commission shall (not may) develop a long range plan for postsecondary education. Requires the commission to take: (1) reducing the financial burden on students and their families for postsecondary education; (2) the impact on economic development; and (3) the funding formula; into account in developing the long range plan. Requires the commission to present to the budget committee a summary of the legislative requests of all state educational institutions and the commission's recommendations concerning operations, capital projects, and financial aid. Requires the commission to biannually measure and make findings on the progress of each state educational institution in meeting the goals of the commission's long range plan as those goals pertain to the funding formula and include the findings in its presentation to the budget committee. Requires the commission to present the funding formula created by the commission to the budget committee. Requires the commission to biannually engage a third party examiner to audit the data submitted by each state educational institution for use within the funding formula and submit a copy of each audit report to the audit and financial reporting subcommittee of the legislative council. Requires the commission to present recommendations for the funding of state educational institution capital projects to the budget committee.

• Eric Bassler Republican · author
• Jon Ford · author
• Timothy Brown · sponsor

1. Jan 11, 2022 Authored by Senator Bassler · upper
2. Jan 11, 2022 First reading: referred to Committee on Appropriations · upper
3. Jan 12, 2022 Senator Ford Jon added as second author · upper
4. Jan 20, 2022 Committee report: amend do pass, adopted · upper
5. Jan 25, 2022 Amendment #1 (Bassler) prevailed; voice vote · upper
6. Jan 25, 2022 Second reading: amended, ordered engrossed · upper
7. Jan 27, 2022 Third reading: passed; Roll Call 94: yeas 46, nays 0 · upper
8. Jan 27, 2022 House sponsor: Representative Brown T · upper
9. Jan 27, 2022 Cosponsor: Representative Heaton · upper
10. Jan 28, 2022 Referred to the House · upper
11. Feb 1, 2022 First reading: referred to Committee on Ways and Means · lower
12. Feb 10, 2022 Committee report: amend do pass, adopted · lower
13. Feb 10, 2022 Representative Porter added as cosponsor · lower
14. Feb 14, 2022 Second reading: ordered engrossed · lower
15. Feb 15, 2022 Third reading: passed; Roll Call 194: yeas 92, nays 0 · lower
16. Feb 16, 2022 Returned to the Senate with amendments · lower
17. Feb 22, 2022 Motion to concur filed · upper
18. Feb 24, 2022 Concurrence withdrawn · upper
19. Feb 28, 2022 Motion to concur filed · upper
20. Mar 2, 2022 Senate concurred in House amendments; Roll Call 326: yeas 46, nays 0 · upper
21. Mar 7, 2022 Signed by the President Pro Tempore · upper
22. Mar 8, 2022 Signed by the Speaker · lower
23. Mar 9, 2022 Signed by the President of the Senate · upper
24. Mar 10, 2022 Signed by the Governor · executive
25. Mar 10, 2022 Public Law 66 · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Enrolled Senate Bill (S) · Mar 2, 2022 · PDF
• Introduced Senate Bill (S) · Jan 10, 2022 · PDF
• Senate Bill (S) · Jan 20, 2022 · PDF
• Engrossed Senate Bill (S) · Jan 25, 2022 · PDF
• Senate Bill (H) · Feb 10, 2022 · PDF