ENROLLED
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ACT No. 395
Regular Session, 2010
HOUSE BILL NO. 934
BY REPRESENTATIVE NOWLIN
AN ACT1
To amend and reenact R.S. 17:3367(C), relative to public postsecondary education2
management boards; to provide relative to the purposes for which public3
postsecondary education management boards shall use revenues from oil, gas, and4
mineral leases; to provide relative to certain capital projects; and to provide for5
related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 17:3367(C) is hereby amended and reenacted to read as follows:8
ยง3367. Authority to execute mineral leases on college and university lands; term;9
use of revenues10
* * *11
C.(1) Revenues from oil, gas, and mineral leases executed by each board as12
authorized in Subsection A of this Section shall be allocated to the board which13
executed the lease, or its successor, and shall be used by the recipient board solely14
for the benefit of the college or university located on the leased properties. As to15
each such college or university, these revenues shall be in addition to any other16
revenues or funds appropriated or otherwise provided for or available to the college17
or university, and in no case shall any of these revenues be computed or considered18
by the division of administration or otherwise in determining the amounts to be19
appropriated to or for the college or university in the general appropriation act or any20
other act, and in no case shall these revenues, or any part of them, be computed or21
considered in determination of the allocation of funds under the Board of Regents22
appropriation formula for higher education.23
(2) The revenues received under this Subsection for a college or university24
shall be used for the following purposes:25 ENROLLEDHB NO. 934
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are additions.
(a) To alleviate safety hazards and other bona fide emergency conditions.1
(b) To make needed major repairs to buildings, grounds, streets, and parking2
lots, purchase land, and upgrade utility systems of that institution.3
(c) For new capital construction or capital acquisitions.4
(d) For establishment of permanent endowment funds from which5
investment earnings are used for scholarships or as salaries or a supplement for6
salaries or for other expenses directly related to scholarly work for faculty members7
at the college or university.8
(e) For other operating expenses upon approval of the appropriate public9
postsecondary education management board.10
(3) Capital projects costing one hundred fifty thousand dollars or more shall11
be included in a capital outlay budget for submission to and action by the legislature.12
(4) In order to insure ensure that the highest priority shall be given to the13
projects aimed at preserving and improving existing facilities, the Board of Regents14
shall recommend priorities for emergencies and major repairs required on the college15
and university campuses.16
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: