AI-generated summary. We recommend consulting the bill text for important decisions.

Starting in July 2026, this bill creates a new formula for how the state adjusts funding to Utah's universities and technical colleges based on changes in student enrollment, where the state's share of instructional costs varies by institution type — covering 50% for research universities like the U of U and Utah State, up to 90% for technical colleges. It also updates performance-based funding by replacing the existing metrics (access, timely completion, and high-yield awards) with new ones beginning in 2027, including how well each institution's graduates match high-demand jobs, how efficiently institutions award degrees per enrolled student, and for technical colleges, how successfully graduates land jobs or continue their education.