Approve KSU expenditures greater than $5,000, until CPE reports to Governor and LRC that finances are stable.

Provide the format of the KSU Monthly Finance Report.

Provide a monthly update on financial status of KSU to Governor and LRC, until CPE reports to Governor and LRC that finances are stable.

Adopt KSU Management and Improvement Plan by November 1, 2022.

Contract with a third party for recommendations on governance and operational structure and evaluate campus performance.

Report progress to Interim Joint Committee on Education on June 1 and November 1 of each year.

Conduct a 3-year performance analysis based on the Management and Improvement Plan to the Interim Joint Committee on Education, the Interim Joint Committee on Appropriations and Revenue, and the Auditor of Public Accounts, due November 1, 2025.

Disburse $23 million and determine what request and supporting documentation should be required before disbursement.

Make recommendations to the Interim Joint Committee on Appropriations and Revenue for repayment of KSU loan, by November 1, 2025.

Produce annual report on KSU loan repayment, beginning November 1, 2026 then each year thereafter until loan is repaid.

Distribute $5 million in FY 23 and $10 million in FY 24 to KSU when goals and benchmarks are met in accordance with the Management and Improvement Plan.