HB 299 -- Higher Education Funding

Co-Sponsors:  Wildberger, Salva

This bill creates a four-year phase-in for a funding formula for
the public regional colleges and universities, Lincoln
University, Harris-Stowe State College, and Truman State
University.  Beginning July 1, 2004, adjustments in funding will
be based on full-time equivalent undergraduate student counts,
based on the average cost of teaching one hour of an
undergraduate course, with additional weighting allowed for more
expensive programs.  Up to 5% of total appropriations may be used
for performance-based funding, and the bill directs that a method
for priority of funding be developed to give priority to
institutions that have experienced long-term documented
underfunding.  The "core plus cost-to-continue" method of funding
will continue to be the policy of the Coordinating Board for
Higher Education.  The bill also requires a funding equity study
to be done in Fiscal Year 2008 and every four years thereafter.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:11 am