TITLE: Relating to reports by certain public institutions of higher education on fraud, waste, and abuse involving state resources.

SUMMARY: Relating to reports by certain public institutions of higher education on fraud, waste, and abuse involving state resources.

FULL TEXT:
AN ACT relating to reports by certain public institutions of higher education on fraud, waste, and abuse involving state resources. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter Z, Chapter 51, Education Code, is amended by adding Section 51.9762 to read as follows: Sec. 51.9762. FRAUD, WASTE, AND ABUSE REPORTING. (a) In this section, "institution of higher education" has the meaning assigned by Section 61.003. (b) An institution of higher education that maintains a system for reporting suspected fraud, waste, and abuse involving state resources at the institution shall submit each report received under the system to the state auditor's office not later than the second business day after the date the institution receives the report. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.