Sec. 1. The governing board of each state supported institution of higher education shall submit to the state legislature through the legislative auditor general, on or before November 1 of each year, an annual accounting in triplicate of all income and expenditures of the institution for its last preceding fiscal year, in accordance with procedures prescribed by the legislative auditor general. History: 1963, 2nd Ex. Sess., Act 42, Imd. Eff. Dec. 27, 1963
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