Education, Higher - As introduced, requires the commission to review and update the outcomes-based funding formula model at least once every five years to provide incentives for institutions that offer programs leading to job placement in high-demand fields in this state. - Amends TCA Title 9; Title 49 and Title 62.

HB 1348 requires Tennessee's higher education commission to review and update the state's funding formula for public colleges and universities at least every five years. This aims to incentivize institutions offering programs that lead to jobs in high-demand fields within Tennessee. The bill directly affects public colleges and universities by tying state funding incentives to measurable job placement outcomes in key local industries, rather than solely academic metrics. It amends Tennessee Code sections related to higher education funding and program requirements.