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LA SB142
Bill
AI Summary
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Postsecondary education management boards must ensure continued compliance with Board of Regents Support Fund endowment programs when expending, investing, or using funds received from the Fund
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Institutions must maintain alignment with the original matching program conditions under which nonstate contributions were matched with public funds
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The original corpus of endowments, including both nonstate and state contributions, must remain inviolable
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Funds from the Louisiana Education Quality Trust Fund retain their public character even if voters ratify a constitutional amendment eliminating the Trust Fund
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Effective upon signature by the governor or lapse of time for gubernatorial action
Legislative Description
Requires postsecondary education management boards to continue to comply with the conditions on all Board of Regents Support Fund matches. (gov sig)
COLLEGES/UNIVERSITIES
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Education.
3/9/2026