Reviewed collaboration efforts beginning in 2021.

Noted CPE assistance in securing:

$23 million loan for KSU, with hopes for future forgiveness by the General Assembly.

○ $15 million cash investment for modernization efforts.

Reported growth in online education to approximately 650 students.

Discussed audit-related costs and expectation of completing the FY25 audit soon.

Highlighted over $180 million in state investments since 2022 for infrastructure, including the health sciences building that included:

○ $55 million in design funds going towards residence hall renovations.

$105 million in capital and in dollars of which $5 million went towards refurbishing the online offerings and build out the rest of the polytechnic initiative development.

Discussed implementation of:

○ Polytechnic education model

Three-year degree options

○ Work-based learning partnerships

○ Addressed faculty staffing concerns and performance-based funding metrics.

Regents asked questions regarding:

Areas of study versus academic programs and majors

Faculty recruitment and funding

Performance-based funding outcomes

Workforce development initiatives