The Mission Resource Requirement (MRR) represents the level of funding necessary for an institution given its mission, size, and complexity of programs, based on regional and national norms, and the amount of the previous year's appropriation. This document is the MRR for the South Carolina Commission on Higher Education for Fiscal Year 2007-2008. It is divided into the following sections: (1) Introduction; (2) Guiding Principles for a Performance-Based Funding Model; (3) Summary of the FY 2007-2008 Mission Resource Requirements Funding Model; and (4) The Mission Resource Funding Model. Following these sections, 10 tables are presented: (1) Institutional Sector/Grouping; (2) Sector I--Research Sector--Student/Faculty Ratios and Faculty Salaries; (3) Sector II--Teaching Sector--Student/Faculty Ratios and Faculty Salaries; (4) Sector III--Regional Campus Sector--Student/Faculty Ratios and Faculty Salaries; (5) Sector IV--Technical College Sector--Student/Faculty Ratios and Faculty Salaries; (6) Library & Student Service Expenditures; (7) Operation & Maintenance of Plant--Definitions; (8) Operation & Maintenance of Plant--Formulas; (9) CHE 150 Definitions; and (10) Funding Medical and Dental Education. Appended is: FY 2007-2008 MRR Numeric Calculation by Institution by Step. [For the previous MRR for FY 2005-2006, see ED492917.]