89R3019 CXP-D     By: Kolkhorst S.B. No. 550       A BILL TO BE ENTITLED   AN ACT   relating to requiring public institutions of higher education to   post information regarding the compensation of certain employees   and independent contractors on the institution's Internet website.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter Z, Chapter 51, Education Code, is   amended by adding Section 51.9612 to read as follows:          Sec. 51.9612.  REQUIRED POSTING OF CERTAIN EMPLOYEE AND   INDEPENDENT CONTRACTOR COMPENSATION. (a) In this section,   "institution of higher education" has the meaning assigned by   Section 61.003.          (b)  Subject to Subsection (c), not later than December 1 of   each year, each institution of higher education shall post on the   institution's Internet website a report that discloses the name and   compensation of each institution employee or independent   contractor whose combined salary and other compensation, or payment   for services performed for the institution as an independent   contractor, as applicable, exceeds $100,000 per year.  The report   must:                (1)  present the information in the same format as an   administrative accountability report on compensation provided to   high-ranking administrative employees required to be submitted to   the Legislative Budget Board under the General Appropriations Act,   if any; and                (2)  be accessible through a conspicuous link on the   institution's Internet website home page.          (c)  The commissioner of higher education may grant an   institution of higher education an exemption from disclosing the   name and compensation of an employee or independent contractor in   the report required under Subsection (b) if the commissioner   determines that:                (1)  the information is confidential under applicable   state or federal law; or                (2)  disclosure of the information poses a substantial   risk of placing the institution at a serious competitive   disadvantage.          (d)  The Texas Higher Education Coordinating Board may adopt   rules as necessary to implement this section.          SECTION 2.  Not later than December 1, 2025, each public   institution of higher education shall post on its Internet website   the initial report required by Section 51.9612, Education Code, as   added by this Act.          SECTION 3.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2025.