260C.66 - REPORTS TO GENERAL ASSEMBLY. - Iowa Statutes

260C.66 REPORTS TO GENERAL ASSEMBLY. The board of directors of each community college 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 board of directors of each community college 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 board of directors of a community college 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 90 Acts, ch 1253, §68 C91, § 280A.66 C93, § 260C.66 94 Acts, ch 1023, §97; 2003 Acts, ch 35, §45, 49