Sec. 2. (a) Not later than November 1, 2024, each state educational institution that offers baccalaureate degrees shall establish a policy, subject to the requirements under subsection (b), to review each four (4) year baccalaureate degree program offered by the state educational institution to determine the feasibility, if any, of providing each baccalaureate degree program in a specifically structured manner to allow a full-time student to complete the baccalaureate degree within three (3) years.
(b) The commission for higher education shall:
(1) establish guidance for state educational institutions to develop the policy under subsection (a); and
(2) prescribe the frequency of the review required under the policy.