The 2020 General Assembly directed the State Council of Higher Education for Virginia (SCHEV) to develop a plan for implementing a statewide survey of institutional expenditures by program and academic discipline at Virginia's public higher education institutions, and submit a report and recommendations to the Governor and the Chairs of the House Appropriations and Senate Finance and Appropriations Committees by November 1, 2020. SCHEV staff reviewed comparable national and other state studies, surveyed Virginia public institutions that participated in a national study of instructional costs for their opinions, and assessed the availability of Virginia's data and SCHEV's capacity to conduct the study. Based on these reviews SCHEV developed three options for implementing a statewide survey. They include: (1) Have all public four-year institutions participate periodically in the National Study of Instructional Costs and Productivity; (2) Have SCHEV administer, collect and analyze data from institutions; and (3) Develop a database at SCHEV to collect unit-level data to analyze and compile program costs. This report discusses the study mandate, terminology used and summarizes reviews of similar studies. It concludes by offering three options that the Commonwealth could pursue.