HLS 12RS-3835 ENGROSSED
Page 1 of 1
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2012
HOUSE BILL NO. 1215 (Substitute for House Bill No. 1133 by Representative Carmody)
BY REPRESENTATIVE CARMODY
HIGHER EDUCATION: Provides with respect to assets of nonprofit organizations
affiliated with state institutions of postsecondary education
AN ACT1
To enact R.S. 17:3390(G), relative to the management boards of public postsecondary2
education systems; to provide relative to transfers of assets of nonprofit entities3
affiliated with public postsecondary education institutions; and to provide for related4
matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 17:3390(G) is hereby enacted to read as follows:7
ยง3390. Private nonprofit corporations which support public higher education8
institutions; findings; status; private funds9
* * *10
G. Subject to applicable provisions of law and any written donor agreement,11
no management board shall assert any claim to nonstate assets held by any nonprofit12
organization established to support a public postsecondary education institution or13
campus or component thereof unless the organization, by action of its governing14
board, approves a transfer of nonstate assets to the management board.15
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Carmody HB No. 1215
Proposed law prohibits a public postsecondary education management board from asserting
any claim to nonstate assets held by any nonprofit organization established to support a
public postsecondary education institution or campus or component thereof unless the
organization, by action of its governing board, approves a transfer of nonstate assets to the
management board.
(Adds R.S. 17:3390(G))