SLS 23RS-342 ENGROSSED 2023 Regular Session SENATE BILL NO. 120 BY SENATOR WHITE Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. COLLEGES/UNIVERSITIES. Provides relative to the M.J. Foster Promise Program. (gov sig) 1 AN ACT 2 To amend and reenact R.S. 17:3047.4(C), relative to the M.J. Foster Promise Program; to 3 provide relative to appropriations for the program; and to provide for related matters. 4 Be it enacted by the Legislature of Louisiana: 5 Section 1. R.S. 17:3047.4(C) is hereby amended and reenacted to read as follows: 6 ยง3047.4. Funding 7 * * * 8 C.(1) Implementation of the provisions of this Chapter shall be subject to the 9 appropriation of funds by the legislature. 10 (2)(a) State appropriations for the program shall not exceed ten million five 11 hundred thousand dollars per year for students enrolled in public postsecondary 12 education institutions or proprietary schools. 13 (b) State appropriations shall not exceed five hundred thousand dollars for 14 students enrolled in proprietary schools. 15 * * * 16 Section 2. This Act shall become effective upon signature by the governor or, if not 17 signed by the governor, upon expiration of the time for bills to become law without signature Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 120 SLS 23RS-342 ENGROSSED 1 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If 2 vetoed by the governor and subsequently approved by the legislature, this Act shall become 3 effective on the day following such approval. The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Tracy Sabina Sudduth. DIGEST SB 120 Engrossed 2023 Regular Session White Present law provides that the state appropriations for the program may not exceed $10,000,000 per year for students enrolled in public postsecondary education institutions. Present law provides that the state appropriations may not exceed $500,000 for students enrolled in proprietary schools. Proposed law provides that the state appropriations for the program may not exceed $10,500,000 per year for students enrolled in public postsecondary education institutions or proprietary schools. Proposed law eliminates separate allocations between public and proprietary schools. Effective upon signature of the governor or lapse of time for gubernatorial action. (Amends R.S. 17:3047.4(C)) Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions.