(A) As used in this section, “institution of higher education” has the same meaning as in section 3345.12 of the Revised Code.

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(B) The board of trustees of each institution of higher education shall adopt an institution-specific strategic completion plan designed to increase the number of degrees and certificates awarded to students. The plan shall be consistent with the mission and strategic priorities of the institution, include measurable student completion goals, and align with the state‘s workforce development priorities. Upon adoption by the board of trustees, each institution of higher education shall provide a copy of its plan to the chancellor of higher education.

(C) The board of trustees of each institution of higher education shall update its plan at least once every two years and provide a copy of their updated plan to the chancellor upon adoption.

(D) Each updated plan shall contain a report prepared by the institution of higher education regarding the institution’s collaboration with other institutions of higher education through an initiative of the chancellor to assist students who have some college experience, but no degree, in earning an associate degree, certificate, or credential. The report shall include information about the institution’s efforts to assist students in attaining an associate degree, certificate, or credential while earning a bachelor’s degree or using college credit transferred between institutions of higher education.