Modifies provisions relating to the governing bodies of certain public institutions of higher education

Added requirements for public school districts and charter schools to maintain a searchable, machine-readable financial ledger accessible to the public without login credentials.

Replaced the repeal of sections related only to higher education with the repeal of sections covering both higher education and K-12 school districts.

Mandated that financial ledgers include specific data fields such as transaction dates, amounts, revenue/expenditure designations, and vendor names, and must be updated at least monthly.

Introduced enforcement mechanisms allowing the department to withhold up to one percent of state aid for violations and established a process for public complaints and compliance certification.

Removed a provision stating that existing board members would automatically become members of a 'board of governors' upon a statutory mission change, indicating this transition plan was dropped or revised.

Added specific requirements limiting the number of voting members from any single political party to four and restricting residents of the same county to no more than four members.

Changed the bill classification from 'Introduced' to 'Perfected' and updated the bill number designation from 2896 to 2896P.