§ 16-106-7. State postsecondary education funding formula.
(a) Implementation of a state postsecondary-education funding formula shall be contingent upon the approval of the general assembly. On or before October 1, 2016, the commissioner of postsecondary education shall present to the board of education and the general assembly, the following:
(1) A proposal for the further definition of the budget for “otherwise unrestricted higher education general revenue” in accordance with §§ 16-106-3(a) and 16-106-4(a); and
(2) With input from an advisory workgroup composed of representatives of the administration and faculty of Community College of Rhode Island, Rhode Island College, and University of Rhode Island, the commissioner shall develop a proposal for a funding formula for calculating budgetary needs of the public postsecondary institutions.
History of Section.P.L. 2016, ch. 521, § 1.
Structure Rhode Island General Laws
Chapter 16-106 - The Performance Incentive Funding Act of 2016
Section 16-106-1. - Short title.
Section 16-106-2. - Public postsecondary performance incentive funding.
Section 16-106-3. - Performance incentive funding — Community College of Rhode Island.
Section 16-106-4. - Performance incentive funding — Rhode Island College.
Section 16-106-5. - Performance not achieved.
Section 16-106-6. - Accountability — Authority to revise and transparency.
Section 16-106-7. - State postsecondary education funding formula.