§ 17:3140.12 — Administration

Louisiana § 17:3140.12

• Jurisdiction: Louisiana
• Title 17: Credit Union Law

Text

§3140.12. Administration
A. All funds collected from proprietary schools licensed pursuant to this Chapter,
except payments made to the Proprietary School Student Protection Fund, shall be used
exclusively for implementing and otherwise administering the provisions of this Chapter.
The board shall annually update the commission regarding all funds collected and all
expenditures made pursuant to the provisions of this Chapter.
B. The board shall assign employees to implement and administer the provisions of
this Chapter. The duties and responsibilities of the employees shall be determined by the
commissioner of higher education, subject to the approval of the board, but shall include
responsibility for all administrative, clerical, legal, and financial matters associated with the
licensing, monitoring, and evaluation of proprietary schools governed by this Chapter and
with the operation of the commission.

Legislative History

Acts 2019, No. 437, §1.