SLS 10RS-591 ENGROSSED Page 1 of 4 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2010 SENATE BILL NO. 505 BY SENATOR JACKSON COLLEGES/UNIVERSITIES. Statutorily creates the Louisiana Go Grant Program. (gov sig) AN ACT1 To enact Chapter 20-F of Title 17 of the Louisiana Revised Statutes of 1950, to be2 comprised of R.S. 17:3046 through 3046.2, relative to need-based financial3 assistance for students enrolled in Louisiana colleges and universities; to statutorily4 create the Louisiana GO Grant program; to provide with respect to eligible colleges5 and universities; to provide for eligibility requirements for student participation in6 the program; to provide for program rules and administration; and to provide for7 related matters.8 Be it enacted by the Legislature of Louisiana:9 Section 1. Chapter 20-F of Title 17 of the Louisiana Revised Statutes of 1950,10 comprised of R.S. 17:3046 through 3046.2, is hereby enacted to read as follows:11 CHAPTER 20-F. LOUISIANA GO GRANT PROGRAM12 §3046. Louisiana GO Grant program; legislative findings13 The legislature finds that a college education should be available to all14 qualified students, regardless of their financial means, and declares that the15 Louisiana GO Grant program established by the Board of Regents has16 enhanced access to postsecondary educational opportunities for Louisiana17 SB NO. 505 SLS 10RS-591 ENGROSSED Page 2 of 4 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. students with demonstrated financial need by providing critically needed1 assistance to help cover the cost of attending postsecondary education2 institutions in the state. The legislature further finds that leveraging access to3 postsecondary education for students with demonstrated financial need ensures4 that all qualified students are afforded an opportunity to achieve their full5 educational potential, increase their overall quality of life, and maximize their6 contribution to the state's economic development.7 §3046.1. Eligibility8 The Board of Regents shall provide for the participation of any student9 who meets the following requirements:10 (1) Is a Louisiana resident at the time of application.11 (2) Meets the admission requirements and is enrolled in a Louisiana12 public college or university or a regionally accredited independent college or13 university in the state that is a member of the Louisiana Association of14 Independent Colleges and Universities, hereafter referred to collectively as15 "eligible colleges and universities".16 (3) Is a recipient of a federal Pell Grant or has submitted a Free17 Application for Federal Student Aid and is a recipient of a financial need grant18 from an eligible college or university or any other need-based aid as determined19 by the Board of Regents.20 (4) Is determined to have unmet needs with regards to the ability to pay21 the cost of attendance for the eligible college or university in which the student22 is enrolled.23 (5) Maintains steady academic progress as defined by the Board of24 Regents for continued participation.25 (6) Meets any other eligibility criteria the Board of Regents may require.26 §3046.2. Administration; rulemaking authority27 A. The Board of Regents shall establish the criteria for initial and28 continuing eligibility, the method for determining the award amount, and other29 SB NO. 505 SLS 10RS-591 ENGROSSED Page 3 of 4 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. program requirements not otherwise provided in this Chapter.1 B. The Louisiana Student Financial Assistance Commission, through the2 office of student financial assistance, shall administer the program and shall3 adopt rules necessary to implement the provisions of this Chapter in accordance4 with the Administrative Procedure Act.5 Section 2. This Act shall become effective upon signature by the governor or, if not6 signed by the governor, upon expiration of the time for bills to become law without signature7 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If8 vetoed by the governor and subsequently approved by the legislature, this Act shall become9 effective on the day following such approval.10 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Jeanne C. Johnston. DIGEST Jackson (SB 505) Proposed law states legislative findings that a college education should be available to all qualified students, regardless of their financial means, and declares that the Louisiana GO Grant program established by the Board of Regents (BOR) has enhanced access to postsecondary educational opportunities for Louisiana students with demonstrated financial need by providing critically needed assistance to help cover the cost of attending postsecondary education institutions in the state. Further finds that leveraging access to postsecondary education for students with demonstrated financial need ensures that all qualified students are afforded an opportunity to achieve their full educational potential, increase their overall quality of life, and maximize their contribution to the state's economic development. Proposed law provides for participation of any student who meets the following requirements: 1. Is a Louisiana resident at the time of application. 2. Meets the admission requirements and is enrolled in a Louisiana public college or university or a regionally accredited independent college or university in the state that is a member of the Louisiana Association of Independent Colleges and Universities ("eligible colleges and universities"). 3. Is a recipient of a federal Pell Grant or has submitted a Free Application for Federal Student Aid and is a recipient of a financial need grant from an eligible college or university or any other need-based aid as determined by the BOR. 4. Is determined to have unmet need with regards to the ability to pay the cost of attendance for the eligible college or university in which the student is enrolled. 5. Maintains steady academic progress as defined by the BOR for continued participation. SB NO. 505 SLS 10RS-591 ENGROSSED Page 4 of 4 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. 6. Meets any other eligibility criteria the BOR may require. Proposed law requires the BOR to establish the criteria for initial and continuing eligibility, the method for determining the award amount, and other program requirements not otherwise provided in proposed law. Further provides that the Louisiana Student Financial Assistance Commission, through the office of student financial assistance, shall administer the program and shall adopt rules necessary to implement the provisions proposed law in accordance with the Administrative Procedure Act. Effective upon signature of the governor or lapse of time for gubernatorial action. (Adds R.S. 17:3046-3046.2)