College Profs to File Financial Disclosures

January 15, 2003
Posted at: 5:06 p.m. CDT

LITTLE ROCK, Ark. -- College professors would have to disclose when they stand to gain financially from requiring their students to purchase books or materials under legislation filed Wednesday.

The bill from Democratic Senator Jimmy Jeffress of Crossett would require instructors at colleges to request permission to require materials they authored from their department chairman and dean. They also would need to disclose such financial benefit, direct or indirect, in writing.

The bill also calls for any royalties or other financial gain to be directed toward a group that benefits students at that school, not the instructor.

Colleges would need policies on the requirements in place by January 2004, and would have to report to the state Department of Higher Education annually.

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