30-133.1 - Additional certifications for public institutions of higher education. - Virginia Statutes

§ 30-133.1. Additional certifications for public institutions of highereducation.

In addition to all other responsibilities and duties required under law, theAuditor of Public Accounts shall, promptly upon completion of the annualaudit for each public institution of higher education, certify in writing tothe Chairman of the Board of Visitors or other governing body of theinstitution, the Secretaries of Education, Finance, and Administration, andthe Chairmen of the House Committee on Appropriations, the House Committee onFinance, and the Senate Committee on Finance whether or not the institutionmeets all of the financial and administrative management standards currentlyin effect for public institutions of higher education pursuant to § 2.2-5004and as may be included in the appropriation act currently in effect. Inaddition, for any public institution of higher education required to developand implement a plan of corrective action under § 2.2-5004, the Auditor shallat the time of making the certification provide a written evaluation of theinstitution's progress in implementation of the plan and in meeting all ofthe financial and administrative management standards currently in effect.

For purposes of this section "public institution of higher education" meansthe same as that term is defined in § 23-38.89.

(2005, cc. 933, 945.)