Louisiana 2020 2020 2nd Special Session

Louisiana Senate Bill SB32 Comm Sub / Analysis

                    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