Higher educational institutions, public; foundations, annual reporting requirements.

Public institutions of higher education; foundations; annual reporting requirements. Requires each public institutionof higher education to release an annual report regarding foundationsassociated with the institution setting forth foundation expenses.The annual report shall include the total annual expenditures byeach foundation; the percentage of expenditures used for scholarshipsor financial aid by each foundation; the percentage of expendituresused for instructional programs by each foundation; the percentageof expenditures used for research by each foundation; the percentageof expenditures used for intercollegiate athletics by each foundation;and the percentage of expenditures used for buildings and maintenanceby each foundation.