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IA HSB59
SB
Status
1/22/2025
Primary Sponsor
Higher Education
Click for details
AI Summary
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Requires Iowa Board of Regents institutions to publish detailed financial information on their websites, including all budgets, expenditures, vendors, and contracts involving $1,000 or more
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Mandates specific disclosure of employee salaries, titles, classifications, and funding sources for all full-time and part-time positions
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Requires institutions to flag and separately aggregate all expenditures related to diversity, equity, and inclusion; social justice; sustainability; or similar commitments
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Financial information must be accessible within three clicks from the homepage, searchable by keyword, available without login requirements, and retained online for at least 10 years
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Information prohibited from public disclosure by federal or state law must be redacted; the act takes effect December 1, 2025
Legislative Description
A bill for an act providing for public availability of certain financial information of regents institutions and including effective date provisions.(See HF 296.)
Last Action
Committee report approving bill, renumbered as HF 296.
2/10/2025