An Act amending the act of March 10, 1949 (P.L.30, No.14), known as the Public School Code of 1949, in institutions of higher education, abolishing the State Board of Higher Education and its powers and duties; further providing for Performance-based Funding Council and for public institution of higher education reporting; and providing for reversion of certain powers and duties of the State Board of Higher Education to the State Board of Education and Council of Higher Education.