TITLE: Relating to requiring financial disclosure concerning reports prepared by public institutions of higher education for for-profit entities.

SUMMARY: Relating to requiring financial disclosure concerning reports prepared by public institutions of higher education for for-profit entities.

FULL TEXT:
AN ACT relating to requiring financial disclosure concerning reports prepared by public institutions of higher education for for-profit entities. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter Z, Chapter 51, Education Code, is amended by adding Section 51.955 to read as follows: Sec. 51.955. REQUIRED DISCLOSURE OF PAYMENT FOR REPORTS PREPARED FOR FOR-PROFIT ENTITIES. (a) An institution of higher education, as defined by Section 61.003, that contracts with a for-profit entity for the institution, in return for payment from the entity, to conduct research, analysis, a survey, or other academic, scientific, or technical work and prepare a report of that work shall include in the report: (1) a statement that the institution received payment to conduct the work and prepare the report; and (2) the identity of the entity providing the payment. (b) This section does not apply to research, analysis, a survey, or other academic, scientific, or technical work that: (1) is publicly funded by a governmental entity, including any funding received through pass-through funding; or (2) is performed under any agreement executed before September 1, 2011, regardless of the source of the funding. SECTION 2. This Act takes effect September 1, 2011.