Amend the bill, as and if amended, Part IB, Section 117, GENERAL PROVISIONS, page 507, after line 7, by adding an appropriately numbered new proviso to read:
/ (GP: Governance Summit) In the current fiscal year and from the funds appropriated to each state-supported comprehensive and research institution of higher learning, the Chairman of each institution's Board of Trustees, or their designees, shall jointly convene a summit for the sole purpose of facilitating an exchange of ideas, including best-practices, which are designed to encourage increasingly diversified and qualified membership among these boards over time. The summit shall convene as soon as practicable after July 1, 2017. In lieu of printed copies, findings and recommendations from the summit must be forwarded electronically to both the General Assembly's Joint Legislative Committee to Screen Candidates for College and University Boards of Trustees established pursuant to Section 2-20-10 of the 1976 Code and the Commission on Higher Education no later than January 1, 2018. In addition, each state-supported institution of higher learning shall provide the members of the General Assembly a copy of its audited financial statement no later than seven days following its submission of the same to the state Office of Comptroller General as required by law. Furthermore, on a conspicuous place on its website, each state-supported institution of higher learning shall post a full copy of its audited financial statement, along with a detailed description of the institution's external and internal budget development processes, to include the manner in which the institution monitors variance, if any, between budgeted income and expense versus actual income and expense during the fiscal year as well as what processes the institution utilizes to develop, oversee and evaluate the budgetary performance of each of the institution's designated budgetary units during the fiscal year. A link to a copy of the contents of the website posting must be provided to the Chairman of the Senate Finance Committee, the Chairman of the Senate Education Committee, the Chairman of the House Ways and Means Committee, and the Chairman of the House Education and Public Works Committee. /
Renumber sections to conform.
Amend sections, totals and title to conform.