Draft Bona Fide Financial Reasons Policy
House Bill 490 amends Kentucky law to allow for faculty dismissal based on a broader range of bona fide financial reasons than the traditional standard of financial exigency. It requires each institution's board to establish and communicate a formal process for such actions by October 1, 2026. In response, the Faculty Senate is developing a policy proposal through shared governance, with open faculty participation and an open drafting process.
Draft Policy
FSH 26-27-7 Dismissal for Bona Fide Financial Reasons
Feedback, Listening Sessions & Open Drafting Session
The Faculty Senate Executive Committee invites all faculty and campus stakeholders to share feedback, participate in upcoming listening sessions, and participate in an open drafting session focused on the proposed revisions. These mechanisms are opportunities to provide input, ask questions, and help shape the policy prior to Senate consideration and approval, followed by review and approval by the Provost, President, and ultimately the Board of Regents.
Faculty are encouraged to share feedback on the draft policy. Feedback may be submitted:
- Directly to your department senator (list of senators)
- Through the anonymous online feedback form
- By requesting a meeting with Faculty Senate officers at msu.facultysenate@murraystate.edu
Listening Sessions
Drop in to share your thoughts or ask questions about the proposed policy:
Location: Curris Center Cumberland Room
Zoom option for all sessions: Join Zoom Meeting
- Friday, April 10 | 11 a.m.–12 p.m.
- Wednesday, April 15 | 3–4 p.m.
- Thursday, April 16 | 9–10 a.m.
Executive Committee Open Drafting Session
The Executive Committee will review stakeholder feedback and revise the draft policy during this open session.
Tuesday, April 21 | 3:30–5 p.m.
Location: Wells 118
Zoom: Join Zoom Meeting