AN ACT relating to the Council on Postsecondary Education's oversight of public postsecondary education institutions.

Summary

The bill obligates presidents and board chairs of state‑run and licensed colleges to sign a yearly sworn statement confirming sound finances, completion of an audit, and an approved budget, and to submit detailed operating budgets and quarterly reports to the Council on Postsecondary Education. It also gives the Council authority to request additional financial data, investigate non‑compliance, and sets new rules for selecting and compensating the Council’s president. The aim is to increase transparency and state oversight of public higher‑education finances.

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