Requires the Board of Regents to include recommended funding distributions for each public postsecondary education system and institution in the annual funding formula report that it submits to the legislature
Impact
The amendment proposed by HB 359 shifts the deadline for submitting the annual report from March 31st to February 28th. This change is significant as it gives the legislature more time to review the funding formula and make informed decisions regarding educational funding. By requiring the Board of Regents to specify funding recommendations in the report, the bill aims to ensure that each institution receives an equitable distribution based on its needs. This could potentially lead to better support for underfunded institutions, impacting the overall quality of education provided in the state.
Summary
House Bill 359, introduced by Representative Newell, aims to enhance the transparency and accountability of the funding allocation process for public postsecondary education institutions in Louisiana. The bill mandates that the Board of Regents include a recommended distribution of funding for each public postsecondary education system and institution in its annual funding formula report submitted to the legislature. This change is intended to provide clearer insights and facilitate better financial planning for the educational institutions involved.
Sentiment
The consensus surrounding HB 359 appears to be generally positive, with advocates emphasizing the need for greater accountability in how education funds are allocated. Supporters appreciate the bill's focus on transparency and the potential for improved funding models that can adapt to the needs of various educational institutions. However, there may be some contention regarding the practicality of increasing reporting requirements while ensuring that the Board of Regents can still efficiently manage its responsibilities.
Contention
While the bill aims to provide clearer funding guidance for postsecondary institutions, there may be challenges concerning the timely and accurate compliance with the new reporting requirements. Critics may argue about the effectiveness of mandated recommendations and the possible bureaucratic burden it may impose on the Board of Regents. Additionally, discussions may arise regarding how the recommended distributions align with budget allocations and state financial priorities, which could become points of debate in future legislative sessions.
Requires Board of Regents to include recommended funding distributions for each public postsecondary education system and institution in annual funding formula report it submits to legislature and revises deadline
Directs the Bd. of Regents to include recommended funding distributions for each public postsecondary education system and institution in the funding formula report that it is required to submit to the legislature by March 31st
Requires the Board of Regents to submit a report to certain legislative committees regarding the formula adopted to fund institutions of post secondary education. (8/15/10)
Requests the Board of Regents to consider articulation and transfer efforts of public postsecondary educational institutions when allocating funds through the funding formula for public postsecondary education.
Requests that Board of Regents develop a permanent funding formula for LOUIS and support LOUIS as a critical component of the success of public postsecondary education institutions (EG +$2,237,601 GF EX See Note)
Provides relative to the La. Granting Resources and Autonomy for Diplomas Act, including additional operational autonomies to be granted to public postsecondary education institutions and reporting requirements for such institutions and the Board of Regents (EN SEE FISC NOTE GF EX See Note)
Provides relative to the La. Granting Resources and Autonomy for Diplomas Act including additional operational autonomies to be granted to public postsecondary education institutions and reporting requirements for such institutions and the Board of Regents. (gov sig) (OR NO IMPACT GF EX See Note)