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Senate Bill 1295 |
Senate Author: Creighton et al. |
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Effective: 9-1-21 |
House Sponsor: Morrison et al. |
Senate Bill 1295 amends the Education Code to establish a method of allocating funding to each public institution of higher education supported by the higher education fund that is designated by the Texas Higher Education Coordinating Board (THECB) as a doctoral, comprehensive, or master's university. The allocation method includes a base institutional appropriation and an additional component based on a three‑year average of degrees awarded to at‑risk students, as defined by the bill. The bill requires the THECB to conduct a one‑time study on the allocation method regarding its effectiveness in allocating state funds fairly and equitably and in promoting student success and provides for the submission of the resulting report and recommendations not later than September 1, 2022.