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words in boldface type and underscored are additions.
Regular Session, 2010 ENROLLED
SENATE BILL NO. 505
BY SENATOR JACKSON
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
students with demonstrated financial need by providing critically needed18
assistance to help cover the cost of attending postsecondary education19
institutions in the state. The legislature further finds that leveraging access to20
postsecondary education for students with demonstrated financial need ensures21
that all qualified students are afforded an opportunity to achieve their full22
educational potential, increase their overall quality of life, and maximize their23
contribution to the state's economic development.24
ACT No. 655 SB NO. 505 ENROLLED
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§3046.1. Eligibility1
The Board of Regents shall provide for the participation of any student2
who meets the following requirements:3
(1) Is a Louisiana resident at the time of application.4
(2) Meets the admission requirements and is enrolled in a Louisiana5
public college or university or a regionally accredited independent college or6
university in the state that is a member of the Louisiana Association of7
Independent Colleges and Universities, hereafter referred to collectively as8
"eligible colleges and universities".9
(3) Is a recipient of a federal Pell Grant or has submitted a Free10
Application for Federal Student Aid and is a recipient of a financial need grant11
from an eligible college or university or any other need-based aid as determined12
by the Board of Regents.13
(4) Is determined to have unmet needs with regards to the ability to pay14
the cost of attendance for the eligible college or university in which the student15
is enrolled.16
(5) Maintains steady academic progress as defined by the Board of17
Regents for continued participation.18
(6) Meets any other eligibility criteria the Board of Regents may require.19
§3046.2. Administration; rulemaking authority20
A. The Board of Regents shall establish the criteria for initial and21
continuing eligibility, the method for determining the award amount, and other22
program requirements not otherwise provided in this Chapter.23
B. The Louisiana Student Financial Assistance Commission, through the24
office of student financial assistance, shall administer the program and shall25
adopt rules necessary to implement the provisions of this Chapter in accordance26
with the Administrative Procedure Act.27
Section 2. This Act shall become effective upon signature by the governor or, if not28
signed by the governor, upon expiration of the time for bills to become law without signature29
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If30 SB NO. 505 ENROLLED
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vetoed by the governor and subsequently approved by the legislature, this Act shall become1
effective on the day following such approval.2
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: