Louisiana 2024 2024 Regular Session

Louisiana Senate Bill SB473 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Mary Frances Aucoin.
DIGEST
SB 473 Original	2024 Regular Session	Abraham
Present law (R.S. 17:3129.10) provides that the Board of Regents can retain and carry over into the
next fiscal year balances in Louisiana Universities Marine Consortium's (LUMCON) interagency
transfers and self-generated revenue accounts.
Proposed law removes this authority from the Board of Regents.
Proposed law (R.S. 17:3451) assigns the DeFelice Marine Center and marine education function to
Nicholls State University and assigns the Houma Maritime Campus and research functions to
Louisiana State University and Agricultural and Mechanical College.
Proposed law provides that the Board of Regents, LSU, and Nicholls State can come to an
agreement, by December 31, 2024, on the disposition of property, facilities, equipment, personnel,
and records.
Proposed law provides that if no agreement is confected by December 31, 2024, the LUMCON
facility and assets located in Cocodrie will be transferred to Nicholls State University and the
property and watercraft located at the Houma facility will be transferred to LSU.
Proposed law requires Nicholls State University and LSU to jointly submit a report to the legislature
by March 1, 2025, about the transfer of management and operations which includes an assignment
of assets and personnel.
Proposed law repeals provisions related to Louisiana Universities Marine Consortium for research
and education.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 17:3129.10, chapter heading of Chapter 28 of Title 17 of the Louisiana Revised
Statutes of 1950, and 3451; repeals 17:3452-3456)