NOTE: As provided in LFC policy, this report is
intended only for use by the standing finance committees of the
legislature. The Legislative Finance Committee does not assume
responsibility for the accuracy of the information in this report when used for
other purposes.
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SPONSOR: |
Salazar |
DATE TYPED: |
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HB |
HJM 27 |
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SHORT TITLE: |
Higher Education Performance Fund |
SB |
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ANALYST: |
Williams |
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APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
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FY03 |
FY04 |
FY03 |
FY04 |
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NFI |
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(Parenthesis
( ) Indicate Expenditure Decreases)
Duplicates SJM 25
Relates to
HB 391/SB 366:
LFC Technology Enhancement Fund
HB 392/SB 370:
LFC Higher Education Program Development Enhancement Fund
HB 393/SB369:
LFC Higher Education Performance Fund
HB 394/SB 368:
LFC Work Force Skills Development Fund
LFC Files
Commission on Higher Education (CHE)
Department
of Finance and Administration (DFA)
SUMMARY
Synopsis
of Bill
House Joint Memorial 27 requests the CHE, in consultation
with public post-secondary educational institutions, DFA and LFC, to develop
recommendations for implementation of a performance evaluation process to
determine funding distributions from the higher education performance
fund. These recommendations would be
made by the CHE to the LFC and DFA by
Significant
Issues
This memorial directly
relates to House Bill 393 which creates a new, non-reverting fund, the Higher
Education Performance Fund. Money in the fund is appropriated to the CHE to
provide funds to those public, post-secondary institutions meeting annual
performance targets. CHE is authorized
to develop a system to annually assess performance of public post-secondary
educational institutions.
This is a Legislative Finance
Committee-sponsored memorial.
OTHER SUBSTANTIVE ISSUES
CHE notes this
memorial reflects the Blue Ribbon Task Force on Higher Education-recommended
Base Plus Incentives funding approach.
AW/ls