Amends TCA Title 9; Title 49 and Title 62.
Tennessee SB1340 mandates that the commission review and update the outcomes-based funding formula model at least once every five years. This bill primarily affects educational institutions by incentivizing them to offer programs that lead to job placements in high-demand fields within the state. A key provision is the requirement for the commission to ensure that the funding model aligns with workforce needs and employment outcomes.
Tennessee SB1340 mandates that the commission review and update the outcomes-based funding formula model at least once every five years. This bill primarily affects educational institutions by incentivizing them to offer programs that lead to job placements in high-demand fields within the state. A key provision is the requirement for the commission to ensure that the funding model aligns with workforce needs and employment outcomes.
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