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)] Ponti HB No. 421 Abstract: Adds a license renewal fee for certain contractors dedicated to public university and community college schools of construction management or construction technology. Present law provides for renewal of licenses for contractors. Allows for the licensing board for contractors to include on each license renewal form an optional election to allow for the donation of additional funds to a specified public university or community college foundation, which shall be remitted to the chosen foundation to be used solely for construction management programs. Proposed law deletes present law with regard to optional donations and instead requires the board to assess on each license renewal for contractors, except those issued for residential construction, an additional fee of $100 per year to be dedicated to public university or community college schools of construction management or construction technology. Requires the schools to be accredited by either of two national accreditation boards and requires the schools to maintain accreditation in order to receive funding. Proposed law further requires the schools to report to the board the number of graduates from the previous calendar year. Requires the disbursement of the funds collected to be by Aug. 1 of the year in which they are collected. Proposed law further requires that the funds be used solely for the benefit of the accredited public university or community college schools of construction management or construction technology and shall be in addition to any other monies received by such schools. Provides that should the funding level of the schools fall below the amount of funding received in the 2012 school year, the school shall be ineligible to receive monies from the fund. Distributes the funds one half pro rata to each accredited public university and community college school and one half pro rata to each public university school based on the total number of graduates from the previous year as reported to the board by each school. (Amends R.S. 37:2156(C)(3))