LEGISLATIVE AUDITOR: Directs the legislative auditor to conduct a comprehensive fiscal audit of all state and federal funds expended by the Board of Regents and certain boards of supervisors, colleges, and universities under its jurisdiction relative to certain executive budget metrics (OR SEE FISC NOTE GF EX)

This bill directs Louisiana's legislative auditor to conduct a comprehensive fiscal audit of state and federal funds spent by public universities and colleges on a specific goal of increasing completers from underrepresented minority groups between fiscal years 2021-2022 and 2025-2026. The audit will examine expenditures across multiple institutions, including staff salaries, recruitment programs, scholarships, data systems, and performance-based funding tied to this objective. The auditor must produce a written report detailing how much money was spent and where it was allocated, which will be sent to key legislative committees and leaders before the 2027 legislative session. This measure aims to provide oversight on how public funds are used to meet the executive budget's diversity completion targets.