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.
Spectrum: Partisan Bill (Democrat 1-0)
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 |
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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. |