Sec. 62.098.  ANNUAL REPORT.  (a)  Each eligible institution that receives money under this subchapter in a state fiscal year shall prepare a report at the end of that fiscal year describing the manner in which the institution used the money.  The institution shall include in the report information regarding the use of money spent in that fiscal year that was received under this subchapter in a preceding fiscal year.
(b)  The institution shall deliver a copy of the report to the coordinating board and the Legislative Budget Board not later than December 1 after the end of the fiscal year.  The Legislative Budget Board may establish requirements for the form and content of the report.
(c)  The institution shall include in the report information on the use or other disposition of money the institution previously received from the Texas excellence fund or the university research fund, if the institution spent money from either of those funds in the fiscal year of the report.
Added by Acts 2003, 78th Leg., ch. 322, Sec. 2, eff. Sept. 1, 2005.