SB191: AN ACT relating to postsecondary education funding and declaring an emergency.

Legislative Summary

Amends KRS 164.092 to define “nontraditional age students,” to remove all references to “minority,” to require that any formula not include race-based metrics or targets, to increase the percentage of public university funding based on student success outcomes produced from 35 percent to 40 percent, to decrease the percentage of public university funding for student credit hours earned from 35 percent to 30 percent, to include in the Kentucky Community and Technical College System’s student success outcomes weighting for credentials aligned with the economic needs of the state and recognize credentials earned by nontraditional-age students, to require that the Council on Postsecondary Education (CPE) promulgate an emergency or amended administrative regulation to implement the amended funding formula, to require that the Postsecondary Education Working Group convene during the 2024 Interim for the sole purpose of considering how to define “underrepresented students” for the comprehensive funding model for the public postsecondary education system, to require that the recommendations be reported to the Governor and the Legislative Research Commission by December 1, 2024, and to require that CPE distribute allocable resources based on first-generation college students receiving bachelor’s degrees and low-income students; EMERGENCY.