TX
Texas Senate Bill SB1304

Texas 2011 - 82nd Regular

Texas Senate Bill SB1304

Filed
 
Out of Senate Committee
4/7/11  
Introduced
3/8/11  
Voted on by Senate
4/12/11  
Refer
3/16/11  
Out of House Committee
5/20/11  
Governor Action
 
Bill Becomes Law
 

Caption

Relating to requiring financial disclosure concerning reports prepared by public institutions of higher education for for-profit entities.

Impact

The implementation of SB1304 is expected to improve oversight within the public education system by ensuring that institutions disclose financial arrangements with for-profit companies explicitly in their reports. This regulation could facilitate greater public access to information regarding funding sources, potentially reducing the risk of conflicts of interest or undue influence of private sector interests in academic research. Institutions will need to establish processes and systems to ensure compliance with these new disclosure requirements.

Summary

SB1304 mandates financial disclosure from public institutions of higher education when they contract with for-profit entities to conduct research or prepare reports. Specifically, institutions are required to include a statement in such reports confirming receipt of payment for the work and to disclose the identity of the entity providing the payment. This bill aims to enhance transparency and accountability regarding financial dealings between educational institutions and private entities, particularly in the realm of research and academic work.

Contention

There may be points of contention around this bill mainly regarding how it could affect collaborative relationships between educational institutions and for-profit partners. Proponents argue that enhanced disclosure will foster trust and integrity in research processes and outputs. However, some opponents may voice concerns over the potential chilling effect this may have on partnerships that might be crucial for innovation and funding in higher education, stressing that overly stringent disclosure could discourage such collaborations.

Companion Bills

No companion bills found.

Previously Filed As

TX SB2459

Relating to the disclosure of certain gifts, grants, contracts, and financial interests received from a foreign source by certain state agencies, public institutions of higher education, and state contractors, and to the approval and monitoring of employment-related foreign travel and activities by certain public institution of higher education employees; providing civil and administrative penalties.

TX HB2760

Relating to the disclosure of certain gifts, grants, contracts, and financial interests received from a foreign source by certain state agencies, public institutions of higher education, and state contractors, and to the approval and monitoring of employment-related foreign travel and activities by certain public institution of higher education employees; providing civil and administrative penalties.

TX HB5033

Relating to requiring public schools and public institutions of higher education to report data regarding certain arrests made on school or institution property.

TX SB1565

Relating to requiring the establishment of policy frameworks for research security at public institutions of higher education.

TX SB2519

Relating to requiring public institutions of higher education to publish certain online resources.

TX SB2137

Relating to requiring public institutions of higher education to offer an undergraduate course in financial literacy and soft skills.

TX SB18

Relating to the tenure and employment of faculty members at certain public institutions of higher education.

TX SB2194

Relating to promoting racial equity in the hiring and promotion of faculty members by public institutions of higher education.

TX SB458

Relating to the authorization for and approval of certain nursing programs offered by private postsecondary educational institutions or for-profit entities.

TX HB5126

Relating to requiring public institutions of higher education to publish certain online resources.

Similar Bills

No similar bills found.