LA SB478

Requires the Board of Regents to establish a uniform fiscal policy, including cash balance requirements, to be adopted by all public postsecondary education management boards by December 31, 2026

Mandates quarterly financial reporting from each public postsecondary institution to its management board within 15 days of quarter end, covering revenues, expenditures, fund balances, debt obligations, and projected deficits

Creates a fiscal early warning system with specific risk indicators including structural deficits exceeding 3% of operating budget, cash reserves below two months of expenses, and negative cash flow

Requires management boards to submit corrective action plans within 90 days for institutions in fiscal distress; failure to act results in referral to the Office of Inspector General

Transfers governance of the Louisiana Universities Marine Consortium for Research and Education from the Board of Regents to the LSU Board of Supervisors, and repeals requirements for campus incubator facility surveys and credit transfer reporting