HLS 25RS-906 ORIGINAL
2025 Regular Session
HOUSE BILL NO. 335
BY REPRESENTATIVE TURNER
FUNDS/FUNDING: Dedicates revenue to the College and University Deferred
Maintenance and Capital Improvement Fund
1 AN ACT
2To amend and reenact R.S. 17:3369.4(A), relative to special treasury funds; to provide for
3 dedication of revenue to the College and University Deferred Maintenance and
4 Capital Improvement Fund; to provide for the transfer, deposit, and use, as specified,
5 of monies in the College and University Deferred Maintenance and Capital
6 Improvement Fund; to provide for an effective date; and to provide for related
7 matters.
8Be it enacted by the Legislature of Louisiana:
9 Section 1. R.S. 17:3369.4(A) is hereby amended and reenacted to read as follows:
10 ยง3369.4. College and University Deferred Maintenance and Capital Improvement
11 Fund
12 A.(1) There is hereby created as a special fund in the state treasury the
13 College and University Deferred Maintenance and Capital Improvement Fund,
14 hereinafter referred to in this Section as the "fund".
15 (2) The source of monies in the fund shall be any of the following:
16 (a) Beginning Fiscal Year 2025-2026 and each fiscal year thereafter for the
17 ensuing four fiscal years, the state treasurer shall deposit into the fund one hundred
18 million dollars.
19 (b) The source of monies in the fund shall be the proceeds of any bonds
20 issued pursuant to the provisions of R.S. 17:3369.3;.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-906 ORIGINAL
HB NO. 335
1 (c) any Any monies transferred or appropriated by the legislature including
2 federal funds;.
3 (d) all All donations, gifts, or grants received by the state for the fund; and.
4 (e) any Any other monies which may be provided for the fund or the
5 purposes of this Part by law.
6 (3) Deposits into the fund shall comply with the provisions of Article VII,
7 Section 9(B) of the Constitution of Louisiana relative to the Bond Security and
8 Redemption Fund.
9 (4) All unexpended and unencumbered monies in the fund at the end of the
10 fiscal year shall remain in the fund. Monies in the fund shall be invested by the
11 treasurer in the same manner as monies in the state general fund, and any interest
12 earned on the investment of such monies shall be deposited in and credited to the
13 fund.
14 * * *
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 335 Original 2025 Regular Session Turner
Abstract: Requires the treasurer to deposit $100 M from the State General Fund (Direct)
to the College and University Deferred Maintenance and Capital Improvement Fund
Present law establishes the College and University Deferred Maintenance and Capital
Improvement Fund. Provides for the source of monies in the fund as follows: (1) proceeds
of any bonds issued; (2) monies transferred or appropriated by the legislature; (3) donations,
gifts, or grants; and (4) any other monies which may be provided for the fund. Requires all
unexpended and unencumbered monies in the fund at the end of the fiscal year to remain in
the fund. Requires the treasurer to invest the monies in the fund in the same manner as the
state general fund and any interest earned on monies in the fund to be deposited in and
credited to the fund. Requires monies in the fund to be used by the office of facility
planning and control to pay expenses for deferred maintenance of public facilities at state
colleges and universities.
Proposed law requires the treasurer to deposit $100 M into the fund beginning in the 2025-
2026 fiscal year and continues the deposits for the ensuing four fiscal years. Retains all
other provisions of present law.
(Amends R.S. 17:3369.4(A))
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.