STATE OF OKLAHOMA

1st Session of the 53rd Legislature (2011)

HOUSE BILL 1345	By:	Moore

AS INTRODUCED

An Act relating to higher education; stating legislative intent that the Oklahoma State Regents for Higher Education redesign and adopt a new funding formula for higher education institutions; specifying certain method; providing for codification; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     NEW LAW     A new section of law to be codified in the Oklahoma Statutes as Section 3907.1 of Title 70, unless there is created a duplication in numbering, reads as follows:
It is the intent of the Legislature that the Oklahoma State Regents for Higher Education by July 1, 2012 redesign and adopt a new funding formula for all institutions of The Oklahoma State System of Higher Education which allocates appropriations to the educational and general operating budgets for each institution using a method that calculates the allocation for each institution by multiplying a weighted average per student funding number by the actual enrollment of each institution.
SECTION 2.  This act shall become effective November 1, 2011.

53-1-6174	KB	01/18/11