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)] Carter HB No. 433 Abstract: Authorizes the Board of Regents to enter interstate agreements that would provide for interstate, online, postsecondary education; provides for application and application fee for La. institutions wishing to offer such instruction in other states pursuant to the agreement. Present law provides for licensure by the Board of Regents of postsecondary, academic degree- granting institutions in order to ensure that the instruction at such institutions meets minimal academic and physical plant standards. Provides for licensure of proprietary schools, which are schools that are operated as a business enterprise. Provides details with respect to such licensure. Proposed law authorizes the Board of Regents to enter into state authorization reciprocity agreements that allow proprietary schools and accredited academic degree-granting institutions located in one member state to offer online instruction in other member states pursuant to the terms of the reciprocity agreement. Provides that if the Board of Regents enters into such an agreement, such institutions or proprietary schools located in La. may apply to the Board of Regents for authorization to offer online instruction in other member states pursuant to the terms of the reciprocity agreement. Requires annual reapplication and authorizes the Board of Regents to assess an application fee of up to $1,500. Provides that institutions and proprietary schools in other states offering online instruction to La. residents are exempt from present law licensure requirements, subject to the terms of such agreements. Effective upon signature of governor or lapse of time for gubernatorial action. (Amends R.S. 17:1808(J)(1) and (K) and 3141.15(G); Adds R.S. 17:1808(L) and 3141.15(H))