Relating to performance-based funding goals for general academic teaching institutions.

SB 2848 requires Texas public universities to tie at least 15% of their state funding to performance metrics focused on students graduating on time. Starting in the 2026-27 budget cycle, the state will allocate funds using a formula that incentivizes institutions to improve graduation rates. This directly affects all public universities designated as "general academic teaching institutions" under Texas law. The bill mandates that performance-based funding under this provision must equal or exceed 15% of the total combined performance-based and formula funding distributed to these institutions.