The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Cheryl Serrett. DIGEST SB 100 Original 2020 Regular Session Fields Present law requires the Board of Regents to formulate and make timely revision of a master plan for postsecondary education that includes a formula for the equitable distribution of funds to institutions of postsecondary education. Present law requires the board to establish a mission for each public university system and for each institution within each system and to include the mission statements in the master plan. Further requires the board to review and revise, as necessary, the master plan for postsecondary education and the mission statements for each public college and university system at least once every four years. Present law requires the board to report annually to the legislature and the governor on the status of higher education relative to the mission statements, including revisions since the last report and any recommendations for legislative or gubernatorial action. Proposed law retains present law and additionally requires the board to include a historically black college and university (HBCU) designation within the master plan. Further requires the board to consider the historical statewide and national role of a HBCU when devising the mission statement of the institution. Effective upon signature of the governor or lapse of time for gubernatorial action. (Adds R.S. 17:3128(B)(4))