Language Page 569, after line 34, insert:"§ 4-9.04 HIGHER EDUCATION STRATEGIC PLANSa. The governing board of each public institution of higher education shall annually review their in place strategic plan or develop and adopt a new strategic plan that reflects the goals and objectives of the Virginia Higher Education Opportunity Act (Top Jobs Act) and the Restructured Higher Education Financial and Administrative Operations Act (Restructuring Act), identifies a coordinated approach to state and regional goals, and emphasizes the future needs for higher education in the Commonwealth. Specifically, each strategic plan shall incorporate the goals of (i) providing affordable access for all; (ii) optimizing student success for work and life; (iii) driving market based changes and improvements through innovation and investment; (iv) short and long term financial viability of the institution; (v) faculty development; and (vi) advancing the economic and cultural prosperity of the Commonwealth and its regions. The strategic plan shall offer multiple tactical strategies for achieving these goals.b. Each plan shall include academic, financial and enrollment components, identify current and future market demand, objective metrics and factors detailing the level of success in meeting that demand and a detailed analysis of each institutions strengths and weaknesses.c. By December 1 of each year, public higher education institutions shall report to the Chairmen of the House Appropriations and Senate Finance Committees on the status, including timeline, of the development of their new strategic plan or the implementation and results of their in-place strategic plan, including a detailed timeline of when the implementation will occur."
Explanation(This amendment is self-explanatory.)