Louisiana SB142 mandates postsecondary education management boards to maintain compliance with conditions on Board of Regents Support Fund matches.
Louisiana SB142 amends existing law to require postsecondary education management boards to continue complying with the conditions on all Board of Regents Support Fund matches. This includes adhering to the initial conditions on the receipt of such funds, ensuring alignment with matching programs, and maintaining the inviolability of the original corpus. The bill ensures that nonstate contributions matched with public funds remain in compliance with endowment programs. The changes become effective upon the governor's signature or lapse of time for gubernatorial action.
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