Bill Text: TX HB294 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to the financial audit of public institutions of higher education by the state auditor.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2021-02-25 - Referred to Higher Education [HB294 Detail]
Download: Texas-2021-HB294-Introduced.html
| 87R1185 KSD-D | ||
| By: Cortez | H.B. No. 294 | |
|
|
||
|
|
||
| relating to the financial audit of public institutions of higher | ||
| education by the state auditor. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 321, Government Code, is amended by | ||
| adding Section 321.01365 to read as follows: | ||
| Sec. 321.01365. FINANCIAL AUDIT OF INSTITUTIONS OF HIGHER | ||
| EDUCATION. (a) In this section, "institution of higher education" | ||
| has the meaning assigned by Section 61.003, Education Code. | ||
| (b) Beginning September 1, 2022, the state auditor shall | ||
| conduct a financial audit of each institution of higher education | ||
| at least every five years. | ||
| (c) The state auditor, in consultation with the Texas Higher | ||
| Education Coordinating Board, shall determine when each | ||
| institution of higher education is audited under this section, | ||
| taking into account the resources of the state auditor and any other | ||
| factors the state auditor considers appropriate. The state auditor | ||
| shall consider the requirements of this section in devising an | ||
| audit plan under Section 321.013(c). | ||
| (d) An institution of higher education shall include on the | ||
| home page of the institution's Internet website a prominently | ||
| displayed link to the institution's most recent financial audit | ||
| under this section. | ||
| SECTION 2. This Act takes effect September 1, 2021. | ||
