Common Contracts
1 similar Mission Based Compact contracts
PurposeMission Based Compact • December 11th, 2020
This compact is an agreement between the Commonwealth and the University. Entering into a compact is one of the quality and accountability requirements, which a higher education provider must meet under the Higher Education Support Act 2003 (HESA) as a condition of receiving a grant. Specifically, subsection 19-110(1) of HESA requires that Table A and Table B providers must, in respect of each year for which a grant is paid to the provider under HESA, enter into a mission-based compact (MBC) with the Commonwealth for a period that includes that year. All strategies should provide qualitative and/or quantitative measures of assessment.
