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Research findings about the effectiveness of state-based performance funding so far have been mixed.
26 states have implemented or are working toward performance funding for their public institutions.
Washington's approach has been cited as one of the most promising performance funding approaches.
Business support for performance funding is weak, and it cannot be sustained when political champions leave state office.
The scheme will consist of a $985 indexed loading for each eligible student and performance funding based on increased success rates of those students.
"He's proposing a form of performance funding for a portion of federal spending, and my view is that, whatever level of funding we're talking about, that's the approach we ought to take," he said.
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He has been credited as one of the main initiators of the modern performance fund idea.
Besides its original Composers Performance Fund program, which sponsors about 8,000 performances a year, Meet the Composer has underwritten composer-in-residence posts at 32 American orchestras.
A senior British official said the UK will spend £10m on development projects in Helmand and contribute to a £13m "good performance" fund that rewards drug-free provinces.
We're calling them performance funds.
We're really focused on performance, and so internally we call it a performance fund.
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