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Bill > SB72

LA SB72

LA SB72
Provides relative to the issuance of bonds for financing certain capital improvement projects within the Louisiana Community and Technical College System. (2/3-CA7s6(A))(7/1/25) (EN SEE FISC NOTE SD EX See Note)

summary

Introduced
04/02/2025
In Committee
05/19/2025
Crossed Over
04/23/2025
Passed
06/04/2025
Dead
Signed/Enacted/Adopted
06/04/2025

Introduced Session

Potential new amendment
2025 Regular Session

Bill Summary

AN ACT To amend and reenact the introductory paragraph of R.S. 17:3394.3(B) and the introductory paragraph of (C) and to enact R.S. 17:3394.3(A)(6) and (D), relative to the issuance of bonds; to provide relative to financing for certain capital improvement projects within the Louisiana Community and Technical College System; to provide for debt service payment obligation limits; to provide for a list of projects authorized to

AI Summary

This bill modifies the Louisiana Revised Statutes to expand and clarify the financing of capital improvement projects for the Louisiana Community and Technical College System. The bill establishes a new debt service payment obligation limit of $43.9 million per year for projects financed through nonprofit corporations and adds a new section (Subsection D) that allows the board to finance specific community college campus projects. These projects, which include campuses in Hammond, Donaldsonville, Shreveport, Bastrop, and other locations, must meet a 12% matching fund requirement, which can include the fair market value of donated property. The board is granted flexibility to amend the project list based on facility needs assessments and strategic priorities, and the scope of projects can include development, acquisition, construction, renovation, and equipment purchases. The bill provides the board with broader authority to execute facilities-related projects and determines that these provisions will take effect on July 1, 2025, or after legislative approval if the governor initially vetoes the bill.

Committee Categories

Budget and Finance

Sponsors (23)

Last Action

Effective date 7/1/2025. (on 06/04/2025)

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bill summary

Document Type Source Location
State Bill Page https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=SB72&sbi=y
Analysis - Resume Digest for SB72 https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1428679
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1422217
Fiscal Note - SB72 Enrolled https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1419757
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1418838
Fiscal Note - SB72 ReEngrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1408608
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1407347
Senate Floor Bureau Note #638 Reese Adopted https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1406547
Analysis - Digest of SB72 Reengrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1407410
Fiscal Note - SB72 Engrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1406277
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1405559
Analysis - Digest of SB72 Engrossed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1406152
Senate Committee Amendment #481 R&F Proposed https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1405417
Senate Committee Amendment #455 R&F Draft https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1405102
Fiscal Note - SB72 Original https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1405303
BillText https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1401974
Analysis - Digest of SB72 Original https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1401975
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