BILL ANALYSIS H.B. 2448 By: Duncan (Cain) Finance 5-23-95 Senate Committee Report (Unamended) BACKGROUND The House Higher Education Committee received an interim charge to study the compliance and paperwork burden placed on institutions of higher education by the Texas Higher Education Coordinating Board. PURPOSE As proposed, H.B. 2448 eliminates, consolidates, and revises certain reports relating to institutions of higher education. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. PURPOSE. Sets forth the purpose of the legislature concerning the reporting requirements for state agencies of another state agency or institution of higher education. SECTION 2. Amends Section 6.111, Article 601b (State Purchasing and General Services Act), to require any reports on delegated space lease contracts of an institution of higher education to be required on an annual basis. SECTION 3. Amends Section 14.03(a), Article 601b, V.T.C.S., to require state agencies to submit reports under this section no more than semiannually. SECTION 4. Amends Section 51.0051, Education Code, to delete the state auditor from a list of entities to whom a report under this section must be furnished. SECTION 5. Amends Section 51.912(c), Education Code, to require the governing board of each system and institution to include in the appropriate annual report required by Section 51.005 the information provided to it under Subsection (b) of this section during the preceding fiscal year. SECTION 6. Amends Section 54.506, Education Code, as follows: Sec. 54.506. New heading: FEES AND CHARGES FOR SERVICES TO THE PUBLIC; THE UNIVERSITY OF HOUSTON SYSTEM. Deletes existing Subsection (b) regarding reports of fees and compensation. SECTION 7. Amends Section 61.073, Education Code, to require funds to be appropriated to the Texas Higher Education Coordinating Board for certain locations. Deletes the Texas College and University System from the list of entities to whom the funds shall be appropriated. Deletes existing Subsection (b) requiring the governing board of each junior or community college to report enrollment figures. SECTION 8. Amends Sections 66.05(a) and (b), Education Code, as follows: (a) Requires the board of regents of the University of Texas System (board of regents) to prepare a written report providing statements of assets and a schedule of changes in book value of certain investments from the permanent university fund. (b) Requires the report to contain a summery of all gains, losses, and income derived from investments. Deletes a summary of investment changes and a summary of all income realized from the information required in a report under this section. SECTION 9. Amends Section 66.06(b), Education Code, require the board of regents, rather than a well-recognized performance measurement service employed by the board of regents, to, among other duties, compare the investment of the permanent university fund with the investment of other funds operating with substantially the same objectives and restrictions. SECTION 10. Amends Section 51.572, Education Code, to delete existing Subsections (b) and (c) regarding the application of Subsection (a) and the filing of a disclosure statement. SECTION 11. Amends Section 51.573, Education Code, to require the secretary of state to prescribe the form and contents of a disclosure statement in accordance with federal law. Deletes existing Subsection (b) listing information required in the disclosure statement. SECTION 12. Amends Section 31.155(b), Natural Resources Code, to require the real property inventory records of an institution of higher education, the Employees Retirement System of Texas, and the Teacher Retirement System of Texas, to be submitted not more than semiannually. SECTION 13. Repealer: Sections 61.0571, 51.507, 61.080, 61.083(b)-(d), 101.21, and 111.32, Education Code (Minority and Female-Owned Business Contracts, Report of Gifts, Report on Implementation of 150-Hour Accounting Programs, Review of Child Development Training Agreements, Reports, Reports). SECTION 14. Emergency clause. Effective date: upon passage