Texas HB5592 mandates periodic state audits of higher education institutions to ensure compliance with legislative appropriations.

Texas HB5592 amends the Education Code to require the state auditor to conduct periodic compliance audits of institutions of higher education. These audits determine if the institutions have spent state funds in violation of the law. The state auditor must establish a schedule ensuring each institution is audited at least once every four years. If an institution is found to have misused funds, it must correct the issue within 180 days or face ineligibility for formula funding increases, institutional enhancements, or exceptional items in the following fiscal biennium.

Texas HB5592 mandates periodic state audits of higher education institutions to ensure compliance with legislative appropriations.

Texas HB5592 amends the Education Code to require the state auditor to conduct periodic compliance audits of institutions of higher education. These audits determine if the institutions have spent state funds in violation of the law. The state auditor must establish a schedule ensuring each institution is audited at least once every four years. If an institution is found to have misused funds, it must correct the issue within 180 days or face ineligibility for formula funding increases, institutional enhancements, or exceptional items in the following fiscal biennium.