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 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) "Formula base amount" is defined by
			 KRS
			 164.092(1)(e) and includes a
			 deduction for mandated programs.
(6) "Hold-harmless provision" is defined by
			 KRS
			 164.092(1)(f).
(7) "Institution" means a public
			 university.
(8) "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.
(9) "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.
(10)
			 "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.
(11) "Research university" is defined by
			 KRS
			 164.092(1)(j).
(12) "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.
(13) "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; and
(b) For a
			 comprehensive university, ten (10) percent of the total formula base amount for
			 all comprehensive universities divided by six (6).
(14) "STEM+H degrees" means degrees in the
			 fields of science, technology, engineering, math, and health sciences as
			 determined by the council.
(15)
			 "Stop-loss provision" is defined by
			 KRS
			 164.092(1)(k).
(16) "Underrepresented minority students"
			 means students who categorize themselves as Hispanic or Latino, American Indian
			 or Alaska Native, Black or African American, Native Hawaiian or Other Pacific
			 Islander, or two (2) or more races.
(17) "University allocable resources" is
			 defined by
			 KRS
			 164.092(1)(l).