Bill > HB1348

This bill amends Tennessee's higher education funding regulations by requiring the state's education commission to review and update its outcomes-based funding formula at least once every five years. The primary goal of this update is to create financial incentives for higher education institutions that develop academic programs designed to prepare students for jobs in high-demand fields within Tennessee. An outcomes-based funding formula is a method of allocating state educational funding that rewards institutions based on specific performance metrics, such as student graduation rates, job placement, and alignment with state workforce needs. By mandating regular reviews of this funding model, the legislation aims to ensure that Tennessee's higher education system remains responsive to the state's economic priorities and workforce development requirements. The bill will take effect immediately upon becoming law, reflecting the state's view that this change serves the public welfare by more closely linking educational programs with employment opportunities.

Education

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1348&ga=114