(8) Review the administration and operations of State
and regional higher education programs and services,
including the public institutions of higher education and the
agency, and make recommendations regarding administration and
operations.
(9) Prior to recommending a higher education funding
formula under this section, consider the potential
consequences of a higher education funding formula that does
not allocate to each public institution of higher education
at least the same level or proportion of State funding as the
institution received in the prior fiscal year.
(10) Prior to recommending a higher education funding
formula under this section, consider nationally accepted
accounting and budgeting standards.
(11) Develop a proposed higher education funding formula
and factors pursuant to subsection (h).
(12) Draft proposed legislation based on the
commission's findings.
(13) Issue a report of the commission's findings and
recommendations to the Governor, the President pro tempore of
the Senate, the Speaker of the House of Representatives, the
Majority Leader and Minority Leader of the Senate, the
Majority Leader and Minority Leader of the House of
Representatives, the Secretary of Education and the State
Board of Education, the Appropriations Committee of the
Senate, the Appropriations Committee of the House of
Representatives, the Education Committee of the Senate and
the Education Committee of the House of Representatives not
later than one year after the effective date of this section.
(j) Effective date of higher education funding formula.--The
higher education funding formula developed by the commission
shall not go into effect unless the formula is approved by an
act of the General Assembly enacted after the effective date of
this section.
(k) Continuation of commission.--Every five years the
commission shall be reconstituted in accordance with subsection
(c) and shall meet and hold public hearings to review the
operation of the higher education funding provisions of this
section and shall make a further report and issue the report to
the recipients listed in subsection (i)(13).
(l) Level of State funding through appropriations.--The
General Assembly shall, through the annual appropriations
process, determine the level of State funding for public
institutions of higher education.
(m) Definitions.--As used in this section, the following
words and phrases shall have the meanings given to them in this
subsection unless the context clearly indicates otherwise:
"Agency." The Pennsylvania Higher Education Assistance
Agency.
"Commission." The Public Higher Education Funding Commission
established under this section.
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