Role, Scope, and Mission Statement: Louisiana State University and Agricultural and Mechanical College (LSU) is the state's only comprehensive research university. As such, LSU serves the instructional, research, and public service needs of the state, the region, and the nation. LSU is also designated as a land grant and sea grant institution. This selective admissions university serves the educational needs of Louisiana's population through strong baccalaureate programs in a broad range of subjects as well as many professional areas. LSU also offers a choice of 125 graduate programs, including a wide selection of doctoral programs, and maintains the state's only School of Veterinary Medicine.
Peer Institutions: Auburn University Main Campus, University of Florida, University of Georgia, University of Kentucky, University of Maryland College Park Campus, North Carolina State University at Raleigh, University of South Carolina at Columbia, University of Tennessee at Knoxville, Texas A & M University, and Virginia Polytechnic Institute and State University.
This agency's recommended appropriation does not include any funds for short-term debt.
In addition to the above recommended appropriation, $7,725,306 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:
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