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19-600 Louisiana State University Board of Supervisors

Role, Scope, and Mission Statement: The Louisiana State University System is a diverse, comprehensive system ranging from two-year campuses to professional schools and includes the state's comprehensive research institution. Such diversity places a special responsibility on the Board of Supervisors to create a system of education that serves the people of Louisiana as an instrument for discovery and as a delivery system for the transmission of knowledge. The system consists of the following campuses: LSU-Alexandria, LSU-Eunice, LSU-Shreveport, the University of New Orleans, LSU Law Center, LSU Agricultural and Mechanical College, LSU Agricultural Center, the Pennington Biomedical Research Center, and the LSU Medical Center. Act 3 of the 1997 Regular Session transferred public hospitals from the Louisiana Health Care Authority to the LSU Board of Supervisors. The hospitals are operated by the LSU Medical Center under the overall direction, supervision, and management of the board.

BUDGET SUMMARY

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

In addition to the above recommended appropriation, $784,601 will be paid in Fiscal Year 1998-1999 for long-term debt incurred on behalf of this agency from the previous sale of bonds. Total long-term debt service payments for the state for Fiscal Year 1998-1999 are reflected in the Governor's Executive Budget Supporting Document in Non-Appropriated Requirements, Schedule 22-922.

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)

 

$79,520

 

 

 

Total

 

$79,520


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