Duty to create formula; align with long range plan for postsecondary education
Ind. Code § 21-18-16-2
in effectSec. 2. (a) The commission shall create a higher educational operating funding outcomes based formula that aligns with the goals outlined in the commission's long range plan for postsecondary education under IC 21-18-8.
(b) The commission shall create a separate higher educational operating funding outcomes based formula for Ivy Tech Community College that:
(1) aligns with the goals outlined in the commission's long range plan for postsecondary education under IC 21-18-8; and
(2) focuses on employer needs, positive wage outcomes, and stackable credentials.
(c) An outcomes based funding formula must be created and approved by the commission at a meeting of the commission on or before October 1 of each even-numbered year prior to each odd-numbered year in which the general assembly will reconvene in a first regular session and consider a state budget bill.
(d) The commission shall approve the metrics used for an outcomes based funding formula created under this chapter.
As added by P.L.66-2022, SEC.4. Amended by P.L.201-2023, SEC.226.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026