Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2014 ENROLLED SENATE BILL NO. 177 BY SENATOR APPEL AN ACT1 To amend and reenact R.S. 17:3351(A)(3), relative to the powers, duties, and functions of2 public postsecondary education management boards; to provide relative to the3 authority of such boards with respect to the allocation and expenditure of4 appropriated funds; to provide for effectiveness; and to provide for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 17:3351(A)(3) is hereby amended and reenacted to read as follows:7 ยง3351. General powers, duties, and functions of college and university8 postsecondary education management boards9 A. Subject only to the powers of the Board of Regents specifically10 enumerated in Article VIII, Section 5 of the Constitution of Louisiana, and as11 otherwise provided by law, each postsecondary system management board as a body12 corporate shall have authority to exercise power necessary to supervise and manage13 the day-to-day operations of institutions of postsecondary education under its14 control, including but not limited to the following:15 * * *16 (3)(a) 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 Regents, and, except as otherwise provided in the general or a supplemental21 appropriations bill, the Board of Regents' budget recommendations.22 (b)(i) Notwithstanding the provisions of Subparagraph (a) of this23 Paragraph, each board may redirect an amount not to exceed five percent of the24 allocation specified by the formula for each institution under its control to25 address specific issues that might arise during the budget allocation process.26 ACT No. 454 SB NO. 177 ENROLLED Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. (ii) An amount greater than five percent of the allocation specified by the1 formula for each institution may be redirected in the event of a natural disaster2 or other emergency situation, as certified by the Board of Regents and approved3 by the Joint Legislative Committee on the Budget.4 * * *5 Section 2. This Act shall become effective on July 1, 2016.6 PRESIDENT OF THE SENATE SPEAKER OF THE HOUSE OF REPRESENTATIVES GOVERNOR OF THE STATE OF LOUISIANA APPROVED: