(1) Higher education productivity is a state, national, and international issue that impacts the ability of Arkansans to compete on the state, national, and global levels;
(2) Public institutions of higher education have a heightened duty for the efficient use and accountability for the expenditure of tax dollars;
(3) Incentive funding is often successful to encourage public institutions to improve efficiency, accountability, and outcomes;
(4) As applied to public institutions of higher education, incentive funding that encourages public institutions of higher education to maximize the efficiency of tax dollars and tuition receipts to improve outcomes for the students and the institution should improve the productivity of the public institutions; and
(5) A statewide coordinated plan that uses incentive funding to improve retention and graduation rates at public institutions of higher education is necessary to enhance productivity and empower Arkansans to compete in the global economy.
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