HASBSB32 TYLERT 532 SENATE SUMMARY OF HOUSE AMENDMENTS SB 32 2020 Second Extraordinary Session Fields KEYWORD AND SUMMARY AS RETURNED TO THE SENATE COLLEGES/UNIVERSITIES. Grants certain operational autonomies to certain public postsecondary education institutions. (gov sig) (Item #42) SUMMARY OF HOUSE AMENDMENTS TO THE SENATE BILL 1. Adds requirement to report to the Budget Committee by October 1 st of each year the amount of unexpended and unobligated funds retained by the institution by means of finance from the prior fiscal year. 2. Technical amendments DIGEST OF THE SENATE BILL AS RETURNED TO THE SENATE SB 32 Reengrossed 2020 Second Extraordinary Session Fields Present law provides for the Louisiana Granting Resources and Autonomy for Diplomas Act (GRAD Act). The GRAD Act provides public postsecondary institutions that achieve specific, measurable performance objectives aimed at improving college completion and at meeting the state's current and future workforce and economic development needs be granted limited tuition and operational autonomy for achieving such objectives. Present law further provides that a public postsecondary education institution with clean financial audit findings may exercise certain operational autonomies until July 1, 2020, if the institution's management board approves the exercise of autonomies by any institution in the system. Present law provides for the following operational autonomies: (1)Authority to retain funds unexpended and unobligated at the end of the fiscal year for use at the institution's discretion. (2)Authority to identify and dispose of obsolete equipment. (3)Authority to be excluded by the division of administration from any table of organization. (4)Authority to participate in the higher education procurement code as established by Louisiana State University and approved by the division of administration. (5)Exemption from participation in the state's risk management program pursuant to certain conditions. (6)Authority to administer facilities projects funded with self-generated revenue, federal funds, donations, grants, or revenue bonds. (7)Authority to invest certain funds in certain bonds. Proposed law recodifies the authority for operational autonomies and removes the "sunset" date for such authority. Proposed law expands the autonomy to use unexpended and unobligated funds of the fiscal year for use at the institution's discretion. Requires that no later than October 1 st of each year each management board is to report to the Joint Legislative Committee on the Budget the amount of unexpended and unobligated funds retained by each institution by means of finance from the prior fiscal year. HASBSB32 TYLERT 532 Proposed law authorizes cooperative procurement under the higher education procurement code for institutions within a system. Effective upon signature of the governor or lapse of time for gubernatorial action. (Adds R.S. 17:3393) ______________________ Thomas L. Tyler Deputy Chief of Staff