HLS 12RS-669 ORIGINAL Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2012 HOUSE BILL NO. 395 BY REPRESENTATIVES CARMODY AND SCHRODER COLLEGES/UNIVERSITIES: Provides relative to the expenditure or allocation of funds appropriated to postsecondary education management boards AN ACT1 To amend and reenact R.S. 17:3351(A)(introductory paragraph) and (3), relative to funding2 of postsecondary education; to provide relative to the authority of postsecondary3 education management boards with respect to the allocation and expenditure of funds4 they receive; and to provide for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 17:3351(A)(introductory paragraph) and (3) are hereby amended and7 reenacted to read as follows: 8 ยง3351. General powers, duties, and functions of college and university boards9 A. Subject only to the powers of the Board of Regents specifically10 enumerated as provided in Article VIII, Section 5 of the Constitution of Louisiana,11 and as otherwise provided by law, each postsecondary system management board as12 a body corporate shall have authority to exercise power necessary to supervise and13 manage the day-to-day operations of institutions of postsecondary education under14 its control, including but not limited to the following:15 * * *16 (3) Receive and expend or allocate for expenditure to the institutions under17 its jurisdiction all monies appropriated or otherwise made available for purposes of18 the board or the institutions under its jurisdiction according to the master plan for19 higher postsecondary education, the funding formula adopted by the Board of20 HLS 12RS-669 ORIGINAL HB NO. 395 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regents, and, except as otherwise provided in the general or a supplemental1 appropriations bill, the Board of Regents' budget recommendations.2 * * *3 Section 2. This Act shall become effective upon signature by the governor or, if not4 signed by the governor, upon expiration of the time for bills to become law without signature5 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If6 vetoed by the governor and subsequently approved by the legislature, this Act shall become7 effective on the day following such approval.8 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. 395 Abstract: Provides that the power of the higher education management boards to spend and allocate funds is subject to funding formula adopted by the Board of Regents and, unless otherwise provided in an appropriations bill, the Board of Regents' budget recommendations. Present law grants certain powers and duties to the postsecondary education management boards including the power to receive, spend, and allocate monies appropriated or otherwise made available to them. Provides that such authority is subject to the master plan for postsecondary education. Proposed law retains present law and provides that the power to receive, spend, and allocate monies is also subject to the funding formula adopted by the Board of Regents and, unless otherwise provided in an appropriations bill, the board's budget recommendations. Effective upon signature of governor or lapse of time for gubernatorial action. (Amends R.S. 17:3351(A)(intro. para.) and (3))