Louisiana § 17:3129.6 Higher Education Initiatives Fund

Louisiana Statutes

§ 17:3129.6 — Higher Education Initiatives Fund

Louisiana § 17:3129.6

Title 17Credit Union Law

This text of Louisiana § 17:3129.6 (Higher Education Initiatives Fund) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 17:3129.6 (2026).

Text

§3129.6. Higher Education Initiatives Fund

A.The "Higher Education Initiatives Fund", hereinafter referred to in this Section as the "fund", is hereby created within the state treasury for the purpose of improvement of Louisiana's higher education institutions, including but not limited to improvement of university-based teaching training programs and development of innovative teaching strategies, development of additional distance learning university classrooms, including infrastructure connections and purchase of equipment, and enhancement of library and scientific equipment.

B.The sources of monies deposited into the fund shall be legislative appropriation and grants, gifts, and donations received by the state for the purposes of this Section. Monies in the fund shall be subject to ap

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§3129.6. Higher Education Initiatives Fund
A. The "Higher Education Initiatives Fund", hereinafter referred to in this Section
as the "fund", is hereby created within the state treasury for the purpose of improvement of
Louisiana's higher education institutions, including but not limited to improvement of
university-based teaching training programs and development of innovative teaching
strategies, development of additional distance learning university classrooms, including
infrastructure connections and purchase of equipment, and enhancement of library and
scientific equipment.
B. The sources of monies deposited into the fund shall be legislative appropriation
and grants, gifts, and donations received by the state for the purposes of this Section. Monies
in the fund shall be subject to appropriation by the legislature and shall be available
exclusively for higher education institutions or for the Board of Regents, hereinafter referred
to in this Section as the "board". The board shall develop regulations and guidelines for the
distribution and allocation of monies appropriated to the board which shall be subject to
approval by the Joint Legislative Committee on the Budget. A portion of such funds shall
be allocated to support dual enrollment programs. All unexpended and unencumbered
monies in the fund at the end of the fiscal year shall remain in the fund. Such monies shall
be invested by the treasurer in the same manner as the monies in the state general fund, and
all interest earned shall be credited to the fund following compliance with the requirements
of Article VII, Section 9(B) of the Constitution of Louisiana, relative to the Bond Security
and Redemption Fund.
C. Repealed by Acts 2001, No. 1182, §10, eff. July 1, 2001.

Legislative History

Acts 1997, No. 482, §1, eff. June 30, 1997; Acts 2001, No. 1182, §§3 and 10, eff. July 1, 2001; Acts 2004, No. 585, §1, eff. July 1, 2004; Acts 2020, No. 204, §1, eff. June 11, 2020.