COLLEGES/UNIVERSITIES: Requires postsecondary education management boards to continue to comply with the conditions on all Board of Regents Support Fund matches. (gov sig)
SB 142 requires public university management boards in Louisiana to maintain compliance with the original conditions attached to Board of Regents Support Fund matches. Specifically, it ensures that nonstate contributions matched with public funds (through endowment programs) must continue to follow their initial terms, including preserving the original matching funds' purpose and not altering the combined corpus of state and nonstate contributions. This directly affects all public postsecondary institutions receiving these matched funds, as they must uphold the same rules governing how those funds are used, invested, and protected. The bill does not create new programs but reinforces existing requirements for handling these specific state-matched endowments.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2026
Committee Review
Apr 2026
Senate Passage
Apr 2026
House Passage
May 2026
Signed into Law
May 2026
Introduced Feb 25, 2026
Signed May 15, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
SB142 Original
→
SB142 Act
·
3 edits
MINOR
This bill updates the official title of the legislation from 'Original' to 'Enrolled Act' and significantly expands the legal requirements for postsecondary education management boards. While the original draft only required boards to comply with existing Board of Regents Support Fund conditions, the final act adds specific mandates to ensure continued compliance with endowment programs where non-state contributions were matched with public funds. The new text explicitly protects the public character of these funds, even if the Louisiana Education Quality Trust Fund is later eliminated by a constitutional amendment.
Scope change
The bill's scope remains focused on postsecondary education management boards, but the applicability of the compliance requirements is now explicitly tied to the specific conditions of matching endowment programs and the public nature of the funds, regardless of future constitutional changes regarding the Trust Fund.
REQUIREMENT
Added a new subsection (b) requiring boards to ensure continued compliance with Board of Regents Support Fund endowment programs where non-state contributions were matched with public funds.
DEFINITION
Added language clarifying that funds from the Louisiana Education Quality Trust Fund retain their public character even if the fund is eliminated by a constitutional amendment.
TECHNICAL
Changed the document header from 'ORIGINAL' to 'ENROLLED ACT No. 247' and updated the page count and coding instructions to reflect the final enrolled version.
Floor votes · Senate Apr 7, 2026 · House May 11, 2026
How they voted
37–0
Passed · 3 other
Total votes 40
Apr 7, 2026
D
Democratic12
83% Yea
R
Republican28
96% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
4
Committee
4
Amendments
1
May 11, 2026
Lower · Passed
Read third time by title, roll called on final passage, yeas 100, nays 0. Finally passed, ordered to the Senate.
lower
May 5, 2026
Introduced
Reported without Legislative Bureau amendments.
lower
Apr 29, 2026
Lower · Passed
Reported favorably (11-0). Referred to the Legislative Bureau.
lower
Apr 9, 2026
Committee
Read by title, under the rules, referred to the Committee on Education.
lower
Apr 7, 2026
Upper · Passed
Read by title, passed by a vote of 36 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.
upper
Mar 25, 2026
Upper · Passed
Reported favorably.
upper
Mar 9, 2026
Committee
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Education.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike Reese
RRepublican
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