PROVIDENCE, R.I. (AP) — Proposed legislation would require any new state aid for Rhode Island’s three public colleges be based on performance measures intended to improve graduation rates and better preparing students for higher-paying jobs in growth industries.

The Providence Journal reports that the bill introduced Wednesday would require the Community College of Rhode Island, Rhode Island College and University of Rhode Island to meet performance-based funding targets to win state money beyond the base amount.

If approved, the new performance-based funding will begin in the 2018 fiscal year.

The performance metrics are to be agreed upon by the commissioner and presidents of the colleges, would be published online and revised when targets are met. If performance targets are not achieved, money will be distributed to the college for “corrective action” overseen by the commissioner’s office.