§1807. Persons over fifty-five; exemption from tuition; fifty percent reduction in cost of
textbooks; the Pursuing Rewarding, Innovative, and Meaningful Education (PRIME)
Fund
A.Any person age fifty-five years or over who registers for one or more courses of
instruction at a public college or university in this state and who is a resident of this state
shall be exempt from the payment of tuition and other registration fees and shall receive a
fifty percent reduction in the cost of textbooks, reference books, manuals, and other aids to
instruction which are required by any course in which such student is enrolled when
purchased from a public college or university operated bookstore. This exemption shall
apply regardless of the manner that instruction is provided in the course, including bu
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§1807. Persons over fifty-five; exemption from tuition; fifty percent reduction in cost of
textbooks; the Pursuing Rewarding, Innovative, and Meaningful Education (PRIME)
Fund
A. Any person age fifty-five years or over who registers for one or more courses of
instruction at a public college or university in this state and who is a resident of this state
shall be exempt from the payment of tuition and other registration fees and shall receive a
fifty percent reduction in the cost of textbooks, reference books, manuals, and other aids to
instruction which are required by any course in which such student is enrolled when
purchased from a public college or university operated bookstore. This exemption shall
apply regardless of the manner that instruction is provided in the course, including but not
limited to in-person instruction, online instruction, or the combination thereof.
B. Any funds lost to any public college or university as a result of this Section shall
be reimbursed to the college or university by the state.
C. The tuition exemption and reduction in textbook costs provided in this Section
shall be provided only if and to the extent that there are sufficient funds appropriated by the
legislature to reimburse the public college or university granting them.
D.(1) There is hereby created in the state treasury, as a special fund, the Pursuing
Rewarding, Innovative, and Meaningful Education (PRIME) Fund, for the purpose of the
reimbursement provided for in this Section. Monies in the fund shall be invested in the same
manner as monies in the general fund. Interest earned on investment of monies in the fund
shall be credited to the fund. Unexpended and unencumbered monies in the fund at the end
of the fiscal year shall remain in the fund.
(2) After allocation of money to the Bond Security and Redemption Fund as
provided in Article VII, Section 9(B) of the Constitution of Louisiana, the treasurer shall
deposit in and credit to the fund all monies received from grants or donations for the
purposes of this Section.
(3) Monies in the fund shall be appropriated, administered, and used solely as
provided in this Section. Disbursements from the fund shall not exceed two hundred dollars
per credit hour.
E. The fund shall be administered by the Board of Regents.
F. The fund is in addition to, and separate from, any monies allocated to the
institutions under the management and control of a public postsecondary education
management board. The availability of the funds shall not in any way substitute, limit, or
otherwise affect the allocation of funds otherwise available to those institutions under state
or federal laws.