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HB499

Higher Education Advisory Committee; higher education funding, report.

Status:
Killed

Latest Action: Feb. 11, 2020
House: Left in Appropriations

Chief Patron:
Glenn Davis (R)

Session:
2020 Regular Session

Summary

As introduced. Higher Education Advisory Committee; higher education funding.

Requires the Higher Education Advisory Committee (Advisory Committee) to (i) develop a methodology by which to rate the performance of each public institution of higher education and (ii) review and make recommendations for changes to existing funding methodology and targeted financial incentives. The bill requires the Advisory Committee to consult with national and state policy experts and institutional innovators in other states and consider trends in the implementation of various performance-based funding models, accounting for institutional differences. The Advisory Committee's recommendations shall be designed to achieve increased degree and credential attainment within high-demand fields, reduction of average time-to-degree, improved affordability for Virginia students and families, reduction of debt of former students and graduates, and improved graduate employment outcomes. The bill requires that such recommendations be designed to result in a funding methodology and targeted financial incentives that allocate at least 80 percent of state appropriations for public higher education according to a set of certain performance metrics. Such recommendations are required to be submitted to the General Assembly and the Governor no later than the first day of the regular session of the General Assembly in 2021. (Less)
  • Bill History

  • 01/03/2020 - House: Prefiled and ordered printed; offered 01/08/20 20104240D
  • 01/03/2020 - House: Referred to Committee on Education
  • 01/13/2020 - House: Assigned Education sub: Post-Secondary and Higher Ed
  • 02/03/2020 - House: Subcommittee recommends reporting with substitute (6-Y 1-N)
  • 02/03/2020 - House: Subcommittee recommends referring to Committee on Appropriations
  • 02/05/2020 - House: Reported from Education with substitute (16-Y 5-N)
  • 02/05/2020 - House: Committee substitute printed 20107592D-H1
  • 02/05/2020 - House: Referred to Committee on Appropriations
  • 02/05/2020 - House: Assigned App. sub: Higher Education
  • 02/07/2020 - House: Subcommittee recommends laying on the table (8-Y 0-N)
  • 02/11/2020 - House: Left in Appropriations