NOTE:  As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used for other purposes.

 

The most recent FIR version (in HTML & Adobe PDF formats) is available on the Legislative Website.  The Adobe PDF version includes all attachments, whereas the HTML version does not.  Previously issued FIRs and attachments may be obtained from the LFC in Suite 101 of the State Capitol Building North.

 

 

F I S C A L   I M P A C T   R E P O R T

 

 

SPONSOR:

Salazar

 

DATE TYPED:

02/20/03

HB

HJM 27

 

SHORT TITLE:

Higher Education Performance Fund

 

SB

 

 

 

ANALYST:

Williams

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

NFI

 

 

 

 

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Duplicates SJM 25

Relates to

HB 391/SB 366:  LFC Technology Enhancement Fund

HB 392/SB 370:  LFC Higher Education Program Development Enhancement Fund

HB 393/SB369:  LFC Higher Education Performance Fund

HB 394/SB 368:  LFC Work Force Skills Development Fund

 

SOURCES OF INFORMATION

 

LFC Files

Commission on Higher Education (CHE)

Department of Finance and Administration (DFA)

 

SUMMARY

 

     Synopsis of Bill

 

House Joint Memorial 27 requests the CHE, in consultation with public post-secondary educational institutions, DFA and LFC, to develop recommendations for implementation of a performance evaluation process to determine funding distributions from the higher education performance fund.  These recommendations would be made by the CHE to the LFC and DFA by September 30, 2003.

 

     Significant Issues

 

This memorial directly relates to House Bill 393 which creates a new, non-reverting fund, the Higher Education Performance Fund. Money in the fund is appropriated to the CHE to provide funds to those public, post-secondary institutions meeting annual performance targets.  CHE is authorized to develop a system to annually assess performance of public post-secondary educational institutions.

 

This is a Legislative Finance Committee-sponsored memorial. 

 

OTHER SUBSTANTIVE ISSUES

 

CHE notes this memorial reflects the Blue Ribbon Task Force on Higher Education-recommended Base Plus Incentives funding approach.

 

AW/ls