The higher education department shall annually conduct special verifications of the institutions of higher education. The verifications shall include enrollments, fund balances, compliance with legislation, comparison of expenditures to budgets and other areas to be determined by the department. Reports on the verifications shall be made annually to the department of finance and administration and the legislative finance committee. The department shall consider the verification findings in making its annual recommendations to the executive and legislature for higher education funding.
History: 1978 Comp., § 21-1-26.3, enacted by Laws 1986, ch. 24, § 3; 1999, ch. 173, § 1; 2005, ch. 289, § 18.
ANNOTATIONSThe 2005 amendment, effective April 7, 2005, changed "commission on education" to "higher education department".
The 1999 amendment, effective June 18, 1999, substituted "verification" for "audit" in the section heading and throughout the section and made minor stylistic changes.