Indiana § 21-18-16-2 - Duty to create formula; align with long range plan for postsecondary education
Full text of Indiana Indiana Code § 21-18-16-2 — Duty to create formula; align with long range plan for postsecondary education, with citation guidance and answers to common questions.
§ 21-18-16-2. Duty to create formula; align with long range plan for postsecondary education
Sec. 2. (a) The commission shall create a higher educational operating funding outcomes based formula that aligns with the goals outlined in the commission's long range plan for postsecondary education under IC 21-18-8.
(b) The commission shall create a separate higher educational operating funding outcomes based formula for Ivy Tech Community College that:
(1) aligns with the goals outlined in the commission's long range plan for postsecondary education under IC 21-18-8; and
(2) focuses on employer needs, positive wage outcomes, and stackable credentials.
(c) An outcomes based funding formula must be created and approved by the commission at a meeting of the commission on or before October 1 of each even-numbered year prior to each odd-numbered year in which the general assembly will reconvene in a first regular session and consider a state budget bill.
(d) The commission shall approve the metrics used for an outcomes based funding formula created under this chapter.
As added by P.L.66-2022, SEC.4. Amended by P.L.201-2023, SEC.226.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-18-16-2
What does Indiana Code § 21-18-16-2 cover?
Section 21-18-16-2 ("Duty to create formula; align with long range plan for postsecondary education") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 21-18-16-2?
A common citation format is "Indiana Code § 21-18-16-2" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-18-16-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.