The commission for higher education may consider an associate degree awarded under this chapter in reference to both:

1. (1) Ivy Tech Community College or Vincennes University, as applicable; and

2. (2) the state educational institution in which the individual awarded the associate degree by Ivy Tech Community College or Vincennes University subsequently enrolled;

   for the purposes of the higher educational operating funding outcomes based formula created by the commission for higher education under IC 21-18-16-2 .

As added by P.L.94-2024, SEC.5.