Kentucky SB 153: AN ACT relating to postsecondary funding, making an appropriation therefor, and declaring an emergency. Create a new section of KRS Chapter 164 establishing a comprehensive funding model for the allocation of state appropriations to public postsecondary institutions based on student success, course completion, and other components; establish the public university sector formula and the KCTCS sector formula in the model and require 100% of allocable resources to be distributed through the formulas; establish the funding parameters for each formula; direct the Council on Postsecondary Education to implement the funding model; include hold-harmless and stop-loss provisions in the formulas through 2021; require the Council on Postsecondary Education to establish a working group to review the model every three years; direct the Office of the State Budget Director to distribute the funds as determined by the model, including the performance funds appropriated in the 2016 budget bill; establish the Postsecondary Education Performance Fund for distribution of the funds allocated through the model; APPROPRIATION; EMERGENCY.

Status: Signed by Governor (Acts, ch. 52) (as of 2017-03-21)

State: Kentucky · Session: 2017RS · Bill: SB 153

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