"Base state funding." The minimum amount of funding, as recommended by the commission, to be appropriated to each State-related university for the 2023-2024 fiscal year.
"Commission." The Public Higher Education Funding Commission established under section 2001-I.
"Institutional investment." A reallocated percentage of the base state funding.
"Performance-based funding incentive payment." Consists of the following:
"State-related university." The Pennsylvania State University, the University of Pittsburgh and Temple University and associated branch campuses.
"State investment for excellence." An amount appropriated by the General Assembly that exceeds the base State funding and is used to reward excellence as measured by the performance-based funding metrics determined by the commission.
24 P.S. § 20-2002-I