A bill for an act requiring the state board of regents to submit a report to the general assembly and the governor related to establishing a performance-based funding model for the institutions of higher education governed by the state board of regents.

HF 2243 requires Iowa's State Board of Regents to submit a report by November 2026 to the governor and legislature on creating a performance-based funding model for the state's public universities. The report must detail how funding could be tied to specific student outcomes, including graduation rates, degrees in high-demand fields, post-graduation employment and income, and whether graduates remain in Iowa. This bill directly affects Iowa's public universities governed by the State Board of Regents. The model would use these five measurable factors to guide potential funding decisions, though the bill itself does not implement the funding changes - only mandates the report.