Bill > HB238

This bill amends Kentucky's postsecondary education funding law to remove references to the concept of "equilibrium" and change how university resources are allocated. Specifically, the bill requires that university resources be distributed based on unweighted, proportionate shares of student success outcomes, student credit hours, and operational support, eliminating previous weightings for factors like academic discipline, course level, and student age. The bill also modifies the Postsecondary Education Working Group's meeting schedule, requiring it to convene every odd year instead of every three fiscal years to review the comprehensive funding model, identify potential issues, and recommend adjustments. The changes aim to simplify the resource allocation process for public universities and community and technical colleges, focusing on straightforward metrics of student success and institutional performance without complex weighting mechanisms. The bill maintains existing provisions for hold-harmless and stop-loss protections to prevent sudden funding reductions for educational institutions, and continues to emphasize goals such as increasing student retention, degree completion, and addressing achievement gaps for various student populations.