Tasks assigned the committee include:(1) Study and make recommendations for the appropriate funding levels for each formula;(2) Study and make recommendations for modification to the formulas that will increase effectiveness and efficiencies of the programs delivered;(3) Identify funding incentives that would support the achievement of the state's goals outlined in the long-term master plan for higher education authorized in the Texas Education Code, §61.051(a-1); and(4) Any other charges issued by the Commissioner of Higher Education.