SECTION 17.110. General Provisions

(a) The Board shall periodically conduct a comprehensive audit of all education and general facilities on the campuses of institutions to verify the accuracy of the institutional facilities inventory and approved facilities development projects for each of those institutions.

(b) No later than 30 days after THECB staff has presented the Facilities Audit Report to the Board (or appropriate standing committee of the Board), the Board files a copy of the report with the institution and the Legislative Budget Board.

(c) Institutions that conduct regularly scheduled self-audits may be exempted from the on-site review providing that:

(1) The institution presents to the THECB a copy of the formal report of the audit and its documented processes that demonstrate the accuracy of the data; and

(2) confirmation that the review includes consideration of the facilities audit objectives stated in §17.111 of this title (relating to Facilities Audit Objectives).

Source Note: The provisions of this §17.110 adopted to be effective November 11, 2021, 46 TexReg 7605