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19-671 Board of Regents for Higher Education

Role, Scope, and Mission Statement : Constitutional board created under Article VIII, Section 5 of the 1974 Louisiana Constitution as a body corporate to plan, coordinate, and have budgetary responsibility for all public higher education, and to have other powers, duties, and responsibilities including the following: formulation and revision of a a master plan for higher education, including a formula for equitable distribution of funds; revision, elimination, approval, disapproval, or modification of an existing degree program, department of instruction, division, or similar subdivision; conduct feasibility studies and make recommendations concerning the establishment of any new institutions of post-secondary education; review of budget proposals and capital needs of each institution and submission of its budget recommendations and capital construction and improvements for all institutions of higher education in the state; administration of the higher education portion of the Louisiana Education Quality Support Fund. Act 1360 of the 1997 Regular Session broadens the Regents' powers to confirm all higher education system presidents and all heads of colleges and universities.

The Board of Regents has only one program. Therefore the mission and goals of the Board of Regents are the same as those listed for the board in the program description that follows.

BUDGET SUMMARY

This agency's recommended appropriation does not include any funds for short-term debt.

This agency does not have any long-term debt for Fiscal Year 1998-1999.

This agency's recommended appropriation also includes the following amount by means of financing for payments on the unfunded accrued liability of the Louisiana State Employees' Retirement System and the Teachers' Retirement System in accordance with the provisions of Article X, Section 29 of the Constitution of Louisiana:

State General Fund (Direct)

 

$  99,103

State General Fund by:

 

 

     Interagency Transfers

 

9,580

     Fees & Self-gen. Revenues

 

494

     Statutory Dedications

 

    36,085

 

 

 

Total

 

$145,262


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