Sec. 2.5. (a) Notwithstanding section 2(b) of this chapter, the outcomes based funding formula created under section 2(a) and 2(b) of this chapter shall be approved by the commission prior to June 1, 2023, and shall be reviewed by the budget committee on or before July 1, 2023.

     (b) The commission shall create a report with regard to each outcomes based funding formula created under section 2(a) and 2(b) of this chapter. The report must contain a detailed summary of each formula, the methodologies, and the metrics used to create the formula under section 2(a) and 2(b) of this chapter. The commission shall submit the report prepared under this subsection to the budget committee not later than five (5) days before the meeting described in subsection (a).

     (c) This section expires July 1, 2024.

As added by P.L.201-2023, SEC.227.