A. The higher education department shall submit an annual accountability report to the governor and to the legislature by December 31. Prior to publication, the department shall distribute a draft of the accountability report to all public post-secondary educational institutions and shall allow comment upon the draft report.
B. The department in consultation with each public post-secondary educational institution shall develop and adopt the content and a format for the report, including the following information:
(1) student progress and success disaggregated by gender and by ethnicity and race as follows:
(a) Caucasian, non-Hispanic;
(b) Hispanic;
(c) African American;
(d) American Indian or Alaska Native;
(e) Native Hawaiian or other Pacific Islander;
(f) Asian;
(g) two or more races; and
(h) other; provided that if the sample of students in any category enumerated in Subparagraphs (a) through (g) of this paragraph is so small that a student in the sample may be personally identifiable in violation of the federal Family Educational Rights and Privacy Act, the report may combine that sample into the "other" category;
(2) student access and diversity;
(3) affordability and cost of educational services;
(4) public and community service by the institution; and
(5) faculty, compensation and benefits practices, including:
(a) number and percentage of part-time and full-time faculty;
(b) per-credit-hour pay rate for full-time instructors or lecturers and per-credit-hour pay rate for part-time faculty;
(c) percent salary increase for full-time faculty and percent salary increase for part-time faculty; and
(d) description of the institution's policy for offering benefits to full-time faculty and to part-time faculty.
C. The department shall make no funding recommendation, capital outlay recommendation, distribution or certification on behalf of any public post-secondary educational institution that has not submitted the information required pursuant to this section.