Amend the committee report, as and if amended, by deleting SECTION 2 in its entirety and inserting:
/ SECTION 2. The General Assembly intends to evaluate its method of annual appropriations to senior public colleges and universities and directs the Commission on Higher Education, in collaboration with the presidents of these institutions, to make recommendations to the General Assembly on a funding method that contains the following major features:
(1) organization of the senior public colleges and universities of this State and the selection of peer institutions and benchmarks for performance, based upon the Carnegie Classification of Institutions of Higher Education;
(2) evaluation criteria organized into categories that include, but are not limited to:
(a) completion;
(b) affordability and access;
(c) educational quality;
(d) economic development and institutional mission; and
(e) other categories as may be necessary;
(3) a five year transition to a new funding model that may preserve certain elements of the existing process in a streamlined and improved form; and
(4) a financial and regulatory incentive structure that promotes the objectives identified in this joint resolution by rewarding institutions for achieving their missions and state goals. /
Renumber sections to conform.
Amend title to conform.