AN ACT relating to the Council on Postsecondary Education's oversight of public postsecondary education institutions.

Amend KRS 164.096 to require each public postsecondary education institution to provide the Council on Postsecondary Education its annual operating budget by August 1 of each fiscal year; require each institution to provide the council a quarterly budget-to-actual report within thirty (30) days following the end of each fiscal quarter; require each institution to provide financial information relevant to the Council's review of the institution's annual operating budget or quarterly budget-to-actual report upon the request of the council; amend KRS 164.013 to require the council's president to consult with the boards of regents and boards of trustees in their respective presidential selection and evaluation processes.