| (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).
|
