260C.66 - REPORTS TO GENERAL ASSEMBLY.
260C.66 REPORTS TO GENERAL ASSEMBLY.
The board of directors of each community college shall determine,
in consultation with the legislative services agency, the financial
information to be included in line item budget information for
projects funded by the issuance of bonds or notes under this chapter
and shall submit the line item budget information to the general
assembly as requested. The board of directors of each community
college shall submit quarterly reports to the general assembly
concerning the projects funded by the issuance of bonds or notes
under this chapter as follows:
1. Identification of both undercharges and overcharges for line
items of projects.
2. Identification of contracts in which any line item for a
project exceeds the adopted budget for that line item by ten percent
or more.
3. Identification of complaints received by an institution
regarding the construction of a project.
If the board of directors of a community college approves a change
in the amount of the line item of a budget for a project, the change
shall be transmitted to the appropriations committees of the house of
representatives and senate, while the general assembly is in session,
and to the legislative council, when the general assembly is not in
session, for review. Section History: Recent Form
90 Acts, ch 1253, §68
C91, § 280A.66
C93, § 260C.66
94 Acts, ch 1023, §97; 2003 Acts, ch 35, §45, 49