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.

This bill requires Iowa's State Board of Regents to submit a report by November 2026 to the state legislature and governor. The report must detail how to create a performance-based funding model for Iowa's public universities and colleges. Key factors the model must include are graduation rates, degrees in high-demand fields, post-graduation employment rates, graduate income, and how many graduates stay in Iowa. The bill does not change funding directly but mandates this analysis to inform future decisions.