SB 1062

Abstract

Virginia Higher Education Funding Review Commission established; duties. Directs the Secretary of Education to convenethe Virginia Higher Education Funding Review Commission as an advisorycommission to provide advice and make recommendations on higher educationcosts, funding needs, and appropriations in Virginia, as specifiedin the bill, with the Secretary of Education serving ex officio withoutvoting privileges. The bill directs the Commission to consult withnational and state policy experts and institutional innovators inother states and consider trends in the implementation of variousoutcomes-based funding models and to account for institutional differences.The Commission shall also seek input from within the Commonwealth,including industry leaders, consumer advocacy groups, and representativesof public doctoral institutions, comprehensive institutions, andcomprehensive community colleges. The Commission shall submit a preliminaryreport and any related recommendations to the Governor and the Chairmenof the House Committee on Appropriations and the Senate Committeeon Finance and Appropriations by November 1, 2020, with a final reportby July 1, 2021.