Higher educational institutions, public; JLARC to study cost efficiency.

Study; JLARC; cost efficiency of public institutions of higher education in the Commonwealth; report. Directs the Joint Legislative Audit and Review Commission (JLARC) to study the cost efficiency of public institutions of higher education in the Commonwealth and to identify opportunities to reduce the cost of public higher education in the Commonwealth. In conducting this study, JLARC is directed to examine the full range of costs for in-state tuition and room and board at each public institution of higher education in the Commonwealth, to compare and consider the amount of funding appropriated by the state to each public institution of higher education since 2012, and to provide a comprehensive update on the status of the implementation of its recommendations pursuant to House Joint Resolution 108 (2012). The resolution requires JLARC to complete its meetings for the first year by November 30, 2025, and for the second year by November 30, 2026, and requires the chairman to submit to the Division of Legislative Automated Systems an executive summary of its findings and recommendations no later than the first day of the next Regular Session of the General Assembly for each year.