This bill requires all institutions of higher education in this state to annually submit to THEC an accounting of their student activity fees. This bill also requires THEC to include in its annual postsecondary education fact book a financial disclosure statement accounting for the collection and use of student activity fees. The financial disclosure statement must account for the student activity fees on a campus-by-campus basis and must include at least the following information: (1) The number of undergraduate and graduate students enrolled; (2) Source of any student activity fees according to the number of students enrolled as undergraduate or graduate students; (3) The expenditure of the student activity fees; and (4) Funds not expended during the disclosure period. ON APRIL 16, 2013, THE HOUSE SUBSTITUTED SENATE BILL 687 FOR HOUSE BILL 471, ADOPTED AMENDMENT #1, AND PASSED SENATE BILL 687, AS AMENDED. AMENDMENT #1 specifies that this bill only applies to public institutions of higher education operated by the board of regents or the UT board of trustees.

Statutes affected:
Introduced: 49-1-104(i), 49-1-104