Higher Education – Annual reports. A. Resident tuition, nonresident tuition, and other fees to be required of students receiving instruction or other academic services provided by institutions of The Oklahoma State System of Higher Education shall be established by the Oklahoma State Regents for Higher Education with due regard for the provisions of Section 3218.14 of this title within limits prescribed by the Legislature. Nothing in this act shall be construed as limiting or prohibiting the requirement of payment for goods or services provided by auxiliary enterprises operated by or in conjunction with institutions of The Oklahoma State System of Higher Education and authorized by the Oklahoma State Regents for Higher Education. B. By January 1 of each year, the Oklahoma State Regents for Higher Education shall submit a report to the Governor, the President Pro Tempore of the Senate, the Speaker of the House of Representatives, and the minority floor leaders and education committee chairs of both houses of the Oklahoma Legislature. The annual report shall include the following information: 1. Actions taken in regard to and the schedule of tuition and fees approved for The Oklahoma State System of Higher Education for the current academic year; 2. Data on the impact of any tuition or fee increases on the ability of students to meet the costs of attendance, enrollment patterns, availability of financial aid; 3. The budget prepared by the State Regents setting out in detail the necessary expenses of the State Regents for the next fiscal year; 4. The budget requests or proposals submitted by each institution to the State Regents for the next fiscal year; 5. The funding formula or allotment system used by the State Regents to allocate money to each institution, including a description of the functional goals of the formula or system for distributing funds to each institution; 6. A calculation of any differences in the budget requests amounts for each institution and the actual amounts allocated to each institution, including an explanation for any differences; and 7. Any other data considered relevant by the State Regents. C. By January 1 of each year, each institution of The Oklahoma State System of Higher Education shall submit a report to the Governor, the President Pro Tempore of the Senate, the Speaker of the House of Representatives, and the minority floor leaders and education committee chairs of both houses of the Oklahoma Legislature. The annual report shall include the following information: 1. A copy of reports submitted to the State Regents which itemizes the tuition and fees for each institution by campus or location; and 2. The total budget of each institution for the previous fiscal year including the amount of revenue received from tuition and fees and other sources and expenses for each campus or location. Added by Laws 1988, c. 251, § 1, operative July 1, 1988. Amended by Laws 1999, c. 330, § 2, eff. July 1, 1999; Laws 2001, c. 224, § 1, emerg. eff. May 21, 2001; Laws 2003, c. 4, § 1, emerg. eff. March 28, 2003; Laws 2016, c. 208, § 1, eff. Nov. 1, 2016.
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