The state House Education committee advanced bills Wednesday that would give the Louisiana Board of Regents increased control over how individual campuses spend state funding.
House Bill 396 sponsored by state Rep. Thomas Carmody, R-Shreveport would mandate that individual campus management boards spend 95 percent of their allocated state funding based on a formula approved by the Regents that takes into account a college’s graduation rates and academic performance.
The management boards would be free
to use the remaining 5 percent of state dollars as necessary.
HB396 moves to the full House of Representatives for consideration.