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TN SB1340

TN SB1340
AN ACT to amend Tennessee Code Annotated, Title 9; Title 49 and Title 62, relative to higher education.

summary

Introduced
02/06/2025
In Committee
Crossed Over
Passed
Dead

Introduced Session

114th General Assembly

Bill Summary

As introduced, requires the commission to review and update the outcomes-based funding formula model at least once every five years to provide incentives for institutions that offer programs leading to job placement in high-demand fields in this state. - Amends TCA Title 9; Title 49 and Title 62.

AI Summary

This bill amends Tennessee's higher education funding regulations by requiring the Tennessee Higher Education Commission to review and update the outcomes-based funding formula at least once every five years. The primary goal of this update is to create financial incentives for educational institutions that develop academic programs that lead to job placements in high-demand fields within the state. An outcomes-based funding formula is a method of allocating state funding to colleges and universities based on specific performance metrics, such as graduation rates, student success, and in this case, job placement in critical industries. By mandating regular reviews, the bill aims to ensure that Tennessee's higher education system remains responsive to the state's evolving workforce needs and economic development priorities. The bill will take effect immediately upon becoming law, reflecting the state's view that this change is in the public interest.

Committee Categories

Education

Sponsors (1)

Last Action

Assigned to General Subcommittee of Senate Education Committee (on 03/26/2025)
(1 Companion Bills)

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