262A.13 - REPORTS TO GENERAL ASSEMBLY.
262A.13 REPORTS TO GENERAL ASSEMBLY.
The state board of regents 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 state board of regents 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 state board of regents 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
86 Acts, ch 1246, § 129; 2003 Acts, ch 35, §45, 49