The College Finance Transparency Act mandates that institutions of higher education under the control of the state board of regents publicly disclose detailed financial information on their internet sites. This includes budgets, expenditures, vendors, and written contracts valued at $1,000 or more. The bill outlines specific accessibility requirements, such as ensuring the information is searchable and available without user registration, and sets a timeline for updates to be made available by the first day of classes each semester.

Additionally, the bill specifies the types of information that must be included in the disclosures, such as annual budgets for each administrative unit, budgeted salary reports, and details on expenditures related to diversity, equity, and inclusion. A comprehensive transaction register must also be maintained, documenting all funds expended, while ensuring that any information prohibited from public disclosure by law is redacted. The provisions of this act will take effect on December 1, 2025.