(6)__Ensuring the efficient use of resources.

The coordinating council shall develop an implementation plan for use of the accountability measures.

B.__In developing the accountability measures pursuant to subsection 1, the coordinating council shall also consider graduation rates, student retention rates, tuition and fees, student financial need and available aid, trends in enrollment and the percentage of incoming students who are state residents, data on graduates by academic program, faculty productivity and any other factor that it considers relevant in providing the board of regents with a greater degree of accountability in the state system.__In considering faculty productivity measures, the council shall consult with the advisory committee established under section 10605.

C.__The coordinating council shall submit the accountability measures developed pursuant to subsection 1 and the implementation plan as provided in paragraph A for use of the accountability measures to the board of regents for the board's review and approval.__Once the measures and implementation plan are approved, each constituent unit shall provide the data to the board of regents that is necessary for purposes of applying the measures.

D.__The chair of the coordinating council, on behalf of the board of regents, shall report to the joint standing committee of the Legislature having jurisdiction over education matters on the accountability measures and the implementation plan developed pursuant to this section by February 1, 2008.__The report must include recommendations:

(1) For any statutory changes needed for purposes of assessing the constituent units based on the accountability measures;

(2) To clarify and streamline planning and accountability reporting requirements of the constituent units;

(3) Concerning goals, actions to achieve such goals and analysis of performance; and