Current through Register Vol. XLI, No. 50, December 13, 2024
Section 133-3-8 - State Compacts8.1. The Commission may identify important state and system goals, objectives and priorities that it and institutions under its jurisdiction acting alone will be unable to accomplish. In such cases, the Commission may authorize the Chancellor to enter into state compacts, or contracts, with external entities.8.2. In determining whether a state compact may be appropriate, the Chancellor shall consider: 8.2.1. Whether significant collaboration with an external entity or entities is necessary or advantageous to increase the likelihood of accomplishing a goal, objective or priority;8.2.2. Whether an external entity or entities would need to make a significant commitment of resources to accomplish a goal, objective or priority; and8.2.3. Whether an external entity or entities is/are receptive to entering into a state compact.8.3. At a minimum, a state compact shall:8.3.1. Identify the parties to the compact;8.3.2. Identify the term of the compact;8.3.3. Set forth measurable outcomes the parties seek to achieve by entering into the compact;8.3.4. Identify what each party will contribute in terms of resources as part of the compact;8.3.5. Set forth a system for evaluating the success or failure of the compact to achieve the outcomes sought; and8.3.6. Provide that the failure of one party to the compact to perform excuses the Commission from performance under the compact.8.4. For the institutions under its jurisdiction, and not the exempted schools, the Commission shall approve a proposed state compact before it becomes operative and binding on the Commission and institutions under its jurisdiction.8.5. The Chancellor shall provide a copy of any approved state compact to the Legislative Oversight Commission on Education Accountability.