(6) Each institution receiving appropriations under sections 604 through 609 of

this act shall submit a biennial plan to achieve measurable and specific improvements

each academic year as part of a continuing effort to make meaningful and substantial

progress towards the achievement of the following long-term performance goals:

Goal

(a) Undergraduate graduation efficiency index: A

measure of how efficiently students complete

their degrees that takes into consideration the

total number of credits earned, dropped, repeated,

transferred and required for graduation:

For students beginning as freshmen 95%

For transfer students 90%

(b) Undergraduate student retention: Defined as

a percentage of all undergraduate students who

return for the next year at the same institution,

measured from fall to fall:

Research universities 95%

Comprehensive universities and college 90%

(c) Graduation rates: Defined as the percentage

of an entering freshman class at each institution

that graduates within five years:

Research universities 65%

Comprehensive universities and college 55%

The plans, to be prepared at the direction of the higher education coordinating board,

shall be submitted by August 15, 1999. The higher education coordinating board shall

set biennial performance targets for each institution and shall review actual

achievements annually. Institutions shall track their actual performance on the

state-wide measures as well as faculty productivity, the goals and targets for which

may be unique to each institution. A report on progress towards state-wide and

institution-specific goals, with recommendations for the ensuing biennium, shall be

submitted to the fiscal and higher education committees of the legislature by November

15, 2000.