Sec. 4. (a) Each state educational institution shall annually file a report of all reportable expenditures.

     (b) A report required by this chapter must:

(1) be filed with the commission not later than November 30 of each year; and

(2) cover the period from November 1 of the previous year through October 31 of the year in which the report is filed.

     (c) The first report required by this chapter must:

(1) be filed with the commission not later than November 30, 2015; and

(2) cover the period from November 1, 2014, through October 31, 2015.

As added by P.L.123-2015, SEC.15.

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