(1) The office of the state budget director shall do all of the following:

  (a) Establish, maintain, and coordinate the state higher education database commonly known as the higher education institutional data inventory or “HEIDI”.

  (b) Collect data concerning public universities and public university programs in this state, including data required by law, and include it in the database.

  (c) Establish procedures to ensure the validity and reliability of the data and the collection process.

  (d) Develop model data collection policies, including, but not limited to, policies that ensure the privacy of individual student data. Privacy policies shall ensure that student social security numbers are not released to the public for any purpose.

  (e) Provide data in a useful manner to allow state policymakers and public university officials to make informed policy decisions.

  (f) Assist public universities in complying with audits under this section or federal law.

  (g) Perform other functions assigned by the state budget director or required by law.

  (2) There is created within the office of the state budget director in the department the higher education institutional data inventory advisory committee. The committee shall provide advice to the state budget director regarding the management of the state higher education database, including, but not limited to:

  (a) Determining what data is necessary to collect and maintain.

  (b) Defining the roles of all stakeholders in the data collection system.

  (c) Recommending timelines for the implementation and ongoing collection of data.

  (d) Establishing and maintaining data definitions, data transmission protocols, and system specifications and procedures for the efficient and accurate transmission and collection of data.

  (e) Establishing and maintaining a process for ensuring the accuracy of the data.

  (f) Establishing and maintaining policies related to data collection, including, but not limited to, privacy policies related to individual student data.

  (g) Ensuring the data is made available to state policymakers and citizens of this state in the most useful format possible.

  (h) Addressing other matters as determined by the state budget director or as required by law.

  (3) The higher education institutional data inventory advisory committee created in subsection (2) shall consist of the following members:

  (a) One representative from the house fiscal agency, appointed by the director of the house fiscal agency.

  (b) One representative from the senate fiscal agency, appointed by the director of the senate fiscal agency.

  (c) One representative from the office of the state budget director, appointed by the state budget director.

  (d) Three representatives of the presidents council of state universities, appointed by the presidents council. The presidents council shall appoint 1 representative each from a master’s university, a doctoral university, and a research university.

  (4) The auditor general shall review higher education institutional data inventory enrollment data submitted by all public universities and shall perform audits of selected data submitted by public universities at least once every 4 years. The review and audits shall be based upon the definitions, requirements, and uniform reporting categories established by the state budget director in consultation with the higher education institutional data inventory advisory committee. The auditor general shall submit a report of findings to the house and senate appropriations committees and the state budget director by July 1 of each year in which an audit is performed.