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Panel reviews University System long sheet: dual-credit, financial-aid system, challenge grants and a funding-formula study
Summary
The Appropriations - Education and Environment Division reviewed the University System long sheet, agreed to include a $1.5 million one-time dual-credit scholarship appropriation from Bank of North Dakota profits, approved a lower-cost financial-aid system enhancement (205,000 total), and retained $25 million in SIF challenge-grant authority while rejecting an amendment to add two private colleges to the grant list.
The Appropriations - Education and Environment Division reviewed the North Dakota University System long sheet and acted on several system-level funding items while directing staff to draft a study of the higher-education funding formula.
Alex and other system-office staff walked the committee through ongoing and one-time requests on the long sheet. Highlights the committee endorsed or agreed to include by consensus: a one-time $1,500,000 appropriation for dual-credit scholarships from Bank of North Dakota (BND) profits (the line appears in the Senate version of the long sheet); a lower-cost option for a financial-aid compliance/enhancement system delivered through CTS for a biennial cost of $205,000 (including $25,000 one-time implementation and $180,000 ongoing maintenance/operations); and a Senate-proposed $25,000,000 Strategic Investment Fund (SIF) allocation for…
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