BUDGETARY CONTROLS: Directs the Board of Regents and certain Boards of Supervisors of public postsecondary education institutions to conduct a fiscal review of all state and federal funds expended in furtherance of certain executive budget objectives and to transmit their findings to the legislative auditor for consolidation into a written report to the legislature (EG SEE FISC NOTE GF EX)

This bill directs Louisiana's major public higher education systems to conduct internal audits of all state and federal money spent on increasing the number of graduates from underrepresented minority groups between fiscal years 2021 and 2026. The affected institutions must examine specific expenses such as staff salaries, recruitment programs, scholarships, and vendor contracts related to this goal and submit their findings to the legislative auditor. The legislative auditor will then combine these individual reports into a single written document for the state legislature to review. This measure is designed to provide oversight on how public funds are used to meet specific diversity objectives without creating new spending or changing existing programs.