(1) The general assembly finds that:
No other state has tried to change the funding of institutions of higher education fromthe institution to the student as provided for in this part 2;
Because this part 2 creates a new and untried program, it is anticipated that duringthe early years of its implementation, there may be some unanticipated effects requiring additional statutory changes.
(2) (a) Beginning July 1, 2006, and continuing through July 1, 2009, the commission shall submit to the education committees of the senate and house of representatives and to the joint budget committee of the general assembly annual reports on the status of the program established pursuant to this part 2. The annual reports may include, but are not limited to, recommended statutory changes.
(b) On or before July 1, 2010, the commission shall submit a final report to the education committees of the senate and house of representatives and to the joint budget committee of the general assembly on the implementation of the program established pursuant to this part 2.
Source: L. 2004: Entire article added, p. 712, § 2, effective July 1.