Carter (HB 433) Act No. 13 Existing 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. New 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 state to offer online instruction in other states pursuant to the terms of the 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 for authorization to offer online instruction in other states pursuant to the terms of the agreement. Requires annual reapplication and authorizes the Board of Regents to assess an application fee of up to $1,500 per application and reapplication. Provides that institutions and proprietary schools in other states offering online instruction to La. residents are exempt from existing law licensure requirements, subject to the terms of such agreements. Effective upon signature of governor (May 7, 2014). (Amends R.S. 17:1808(J)(1) and (K) and 3141.15(G); Adds R.S. 17:1808(L) and 3141.15(H))