Kentucky Administrative Regulations › Title 13 - COUNCIL ON POSTSECONDARY EDUCATION › Chapter 2 - Public Educational Institutions › Section 13 KAR 2:120 - Comprehensive funding model for the allocation of state general fund appropriations to public universities

Current through Register Vol. 51, No. 1, July 1, 2024
RELATES TO: KRS 48.600-48.630,
				164.001,
				164.092
NECESSITY, FUNCTION, AND CONFORMITY:
				KRS
				164.092(12) requires the
				Council on Postsecondary Education to promulgate an administrative regulation
				to implement a comprehensive funding model for the public postsecondary
				education system. This administrative regulation establishes the formula by
				which general fund appropriations shall be distributed in the public university
				sector.
Section 1. Definitions.
(1) "Academic year" means July 1st through
			 June 30th and all terms completed therein.
(2) "Bachelor's degrees" means the total
			 number of bachelor's degrees awarded during the academic year, including
			 degrees conferred to resident and non-resident students.
(3) "Comprehensive university" is defined by
			 KRS
			 164.001(7).
(4) "Council" is defined by
			 KRS
			 164.092(1)(c).
(5) "FAFSA form" means the free application
			 for federal student aid form completed by students to determine eligibility to
			 receive federal student financial aid.
(6) "First-generation college students" means
			 students who report on the FAFSA form that neither parent has earned a college
			 degree or credential, or one (1) parent if the other parent's education level
			 is unknown.
(7) "Formula base
			 amount" is defined by
			 KRS
			 164.092(1)(e) and includes a
			 deduction for mandated programs.
(8) "Hold-harmless provision" is defined by
			 KRS
			 164.092(1)(f).
(9) "Institution" means a public
			 university.
(10) "Low-income
			 student" means a student who received a Federal Pell Grant after the 2005-2006
			 academic year for attendance at the institution from which the student received
			 a bachelor's degree.
(11) "Mandated
			 program" means a research or public service activity not integral to the
			 instructional mission of the institution that is:
(a) Funded with greater than $450,000 of
			 state appropriations at research universities and $200,000 at comprehensive
			 universities; and
(b) Directed by
			 statute, resolution, executive branch budget bill, executive order, or other
			 legal mandate.
(12)
			 "Non-traditional age students" is defined in
			 KRS
			 164.092(1)(k).
(13) "Non-resident student" means a student
			 who does not meet the requirements for Kentucky residency for purposes of
			 tuition set forth in
			 13 KAR 2:045.
(14) "Research university" is defined by
			 KRS
			 164.092(1)(m).
(15) "Resident student" means a student
			 certified as a Kentucky resident for purposes of tuition pursuant to
			 13 KAR 2:045 and any non-resident
			 student attending an institution under a state tuition reciprocity agreement
			 entered into by the council.
(16)
			 "Small school adjustment" means a one (1)-time calculation made using the
			 formula base amounts in 2017-2018 and equals:
(a) For a research university, ten (10)
			 percent of the respective formula base amount for each institution;
(b) For a comprehensive university, ten (10)
			 percent of the total formula base amount for all comprehensive universities
			 divided by six (6); and
(c) For
			 institutions that have a hold-harmless amount in fiscal year 2023-2024, an
			 additional amount equaling the institution's 2023-2024 hold-harmless
			 amount.
(17) "STEM+H
			 degrees" means degrees in the fields of science, technology, engineering, math,
			 and health sciences as determined by the council.
(18) "Stop-loss provision" is defined by
			 KRS
			 164.092(1)(n).
(19) "Underrepresented students" means
			 first-generation college students.
(20) "University allocable resources" is
			 defined by KRS
			 164.092(1)(o).