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SB 153/FN (BR 498) - D. Givens, M. Wilson, W. Schroder
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.
Feb 10, 2017 - introduced in Senate
Feb 13, 2017 - to Appropriations & Revenue (S)
Feb 16, 2017 - taken from Appropriations & Revenue (S); 1st reading; returned to Appropriations & Revenue (S)
Feb 17, 2017 - taken from Appropriations & Revenue (S); 2nd reading; returned to Appropriations & Revenue (S)
Feb 21, 2017 - reported favorably, to Rules; posted for passage in the Regular Orders of the Day for Wednesday, February 22, 2017
Feb 22, 2017 - 3rd reading, passed 36-1; received in House
Feb 27, 2017 - to Education (H)
Feb 28, 2017 - reassigned to Appropriations & Revenue (H)
Mar 03, 2017 - posted in committee
Mar 07, 2017 - reported favorably, 1st reading, to Calendar
Mar 08, 2017 - 2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Tuesday, March 14, 2017
Mar 14, 2017 - 3rd reading, passed 65-29; received in Senate; enrolled, signed by President of the Senate; enrolled, signed by Speaker of the House; delivered to Governor
Mar 21, 2017 - signed by Governor (Acts, ch. 52)