Page 1 of 2 Prepared by Michelle Ducharme. Ponti HB No. 421 (KEYWORD, SUMMARY, AND DIGEST as amended by Senate committee amendments) CONTRACTORS. Adds a fee at license renewal for contractors dedicated to certain schools of construction management or construction technology. DIGEST 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 an additional fee of $100 per year to be dedicated to any public university in this state or any community college schools of construction management or construction technology in this state. Requires the board to include an optional election of the renewal form whereby the contractor may choose to not participate in the remission of the additional fee. 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 each year upon completion of the annual audit of the board. 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 requires the use of the fund to be approved by the industry advisory council or board of the school. Provides that the funds shall be in addition to any other monies received by such schools. Proposed law distributes the funds ½ pro rata to each accredited public university and community college school and ½ 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. Proposed law 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. (Amends R.S. 37:2156(C)(3)) Summary of Amendments Adopted by House Committee Amendments Proposed by House Committee on Commerce to the original bill. 1. Requires the board to include an optional election of the renewal form whereby the contractor may choose to not participate in the remission of the additional fee. 2. Requires the disbursement of the funds collected to be by Aug. 1 of each year upon completion of the annual audit of the board. 3. Requires the use of the fund to be approved by the industry advisory council or board of the school. 4. Allows for participation by a school when the funding level of the schools fall below the amount of funding received in the 2012 school year if such decrease is due to an across-the-board reduction required of all other schools within the university or community college. Page 2 of 2 Prepared by Michelle Ducharme. House Floor Amendments to the engrossed bill. 1. Makes technical changes. Summary of Amendments Adopted by Senate Committee Amendments Proposed by Senate Committee on Commerce, Consumer Protection, and International Affairs to the reengrossed bill 1. Specifies that only Louisiana public universities and community colleges may receive funds. 2. Removes language that allows participation by a school when the funding level of the schools fall below the amount of funding received in the 2012 school year if such decrease is due to an across-the-board reduction required of all other schools within the university or community college.