SB550 SFAT RUCKER #1 2-10

Hager  7871

Senator Rucker moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for Senate Bill 550—A BILL to amend and reenact §18B-1-1f of the Code of West Virginia, 1931, as amended; and to amend and reenact §18B-1B-4 of said code, all relating to funding for institutions of higher education; clarifying the powers and duties of the Higher Education Policy Commission; directing the Higher Education Policy Commission to develop and implement a funding formula model;  providing that the funding formula shall govern the appropriation requests to the Legislature regarding distribution of general revenue to the state’s institutions of higher education; providing for rulemaking; setting forth factors to be included in the rule; setting out factors which may not be included in the rule and making the rule applicable to the 2024 budget cycle.

Adopted

Rejected