Iowa HF296 mandates public availability of financial information for regents institutions.

Iowa HF296, known as the College Finance Transparency Act, requires institutions of higher education under the state board of regents to publicly disclose detailed financial information on their websites. This includes annual budgets, expenditures, vendor information, and contracts totaling $50,000 or more. The information must be accessible without registration, searchable, and updated regularly. The bill also mandates specific financial reports and calculations, such as budget balances and expenditures for diversity, equity, and inclusion. The act takes effect on December 1, 2025.

Iowa HF296 mandates public availability of financial information for regents institutions.

Iowa HF296, known as the College Finance Transparency Act, requires institutions of higher education under the state board of regents to publicly disclose detailed financial information on their websites. This includes annual budgets, expenditures, vendor information, and contracts totaling $50,000 or more. The information must be accessible without registration, searchable, and updated regularly. The bill also mandates specific financial reports and calculations, such as budget balances and expenditures for diversity, equity, and inclusion. The act takes effect on December 1, 2025.