AN ACT TO AMEND SECTION 37-101-15, MISSISSIPPI CODE OF 1972, TO ESTABLISH PARAMETERS FOR A NEW, PERFORMANCE-BASED FUNDING MODEL FOR STATE INSTITUTIONS OF HIGHER LEARNING; TO REQUIRE THAT SUCH FUNDING MODEL BE USED TO DISBURSE 75% OF GENERAL FUNDS APPROPRIATED FOR SUCH PURPOSE AND BE IMPLEMENTED BY JULY 1, 2029; TO PROVIDE FOR DISTRIBUTION OF REMAINING FUNDS; TO PROVIDE A 10% PERFORMANCE-BASED HOLDOUT; TO REQUIRE THE FUNDING MODEL TO INCLUDE A BASE APPROPRIATION AND A PERFORMANCE-BASED ALLOCATION; TO PROVIDE MEASURABLE OUTCOMES WHICH SHALL BE CALCULATED USING STANDARDIZED DEFINITIONS ADOPTED BY RULE; TO REQUIRE THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING TO ESTABLISH PERFORMANCE STANDARDS, SCORING THRESHOLDS AND VALUES FOR EACH METRIC IN A PUBLICLY NOTICED MEETING ON OR BEFORE JUNE 20, 2026; TO PROVIDE SPECIFIC REQUIREMENTS FOR SUCH STANDARDS, THRESHOLDS AND VALUES; TO PROVIDE FOR DEVELOPING, CALCULATING OR ADMINISTERING THE FUNDING MODEL; TO REQUIRE THE BOARD TO CONTINUOUSLY MONITOR INSTITUTIONAL PERFORMANCE UNDER THE FUNDING MODEL; TO REQUIRE THE BOARD TO IDENTIFY INSTITUTIONS AT RISK OF FAILING TO MEET SPECIFIC STANDARDS; TO AUTHORIZE THE BOARD TO TAKE CERTAIN ACTIONS UPON A DETERMINATION THAT AN INSTITUTION IS AT-RISK; TO REQUIRE THE BOARD TO SUBMIT AN ANNUAL REPORT TO THE LEGISLATURE AND PUBLISH SUCH REPORT ON ITS PUBLIC WEBSITE; TO REQUIRE CERTAIN INFORMATION TO BE INCLUDED IN THE REPORT; TO REQUIRE THE BOARD TO PROMULGATE RULES NECESSARY TO IMPLEMENT THIS ACT; TO REQUIRE THE BOARD TO ADOPT AND PUBLISH THE FUNDING MODEL, INCLUDING ALL METRIC DEFINITIONS, BENCHMARKS AND WEIGHTS, NO LATER THAN JUNE 30, 2026; TO PROVIDE FOR APPLICATION OF THE FUNDING MODEL FOR THE INITIAL THREE FISCAL YEARS FOLLOWING ADOPTION AND PUBLICATION; TO REQUIRE FULL IMPLEMENTATION OF THE FUNDING MODEL BY JULY 1, 2029; TO PROHIBIT THE BOARD FROM PERMITTING A PERSON SUBJECT TO THE REGISTRATION REQUIREMENTS UNDER SECTIONS 45-33-21 THROUGH 45-33-63 TO RESIDE IN A DORMITORY OR OTHER STUDENT LIVING ACCOMMODATION LOCATED ON THE CAMPUS OF OR MANAGED BY A STATE INSTITUTION OF HIGHER LEARNING; TO BRING FORWARD SECTIONS 37-101-1, 37-101-2, 37-101-3, 37-101-4, 37-101-5, 37-101-7, 37-101-9, 37-101-11, 37-101-13, 37-101-16, 37-101-19, 37-101-21, 37-101-23, 37-101-25, 37-101-29 AND 37-101-30, MISSISSIPPI CODE OF 1972, WHICH GOVERN THE INSTITUTIONS OF HIGHER LEARNING, FOR PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 37-101-1, 37-101-2, 37-101-3, 37-101-4, 37-101-5, 37-101-7, 37-101-9, 37-101-11, 37-101-13, 37-101-15, 37-101-16, 37-101-19, 37-101-21, 37-101-23, 37-101-25, 37-101-29, 37-101-30
As Passed by the Senate: 37-101-15, 37-101-1, 37-101-2, 37-101-3, 37-101-4, 37-101-5, 37-101-7, 37-101-9, 37-101-11, 37-101-13, 37-101-16, 37-101-19, 37-101-21, 37-101-23, 37-101-25, 37-101-29, 37-101-30