2013 Louisiana Laws
Revised Statutes
TITLE 17 - Education
RS 17:3394.3 - Authority of board to execute agreements related to the finance of capital improvements and enhancements

§3394.3. Authority of board to execute agreements related to the finance of capital improvements and enhancements

A.(1) Projects contained in this Section may, at the direction of the board, be funded through the issuance of bonds, notes, or other evidences of indebtedness or through financing programs provided by the Louisiana Local Government Environmental Facilities and Community Development Authority, pursuant to R.S. 33:4548.1 et seq., or a public trust duly organized pursuant to R.S. 9:2341 et seq., having for its beneficiary the state, with the approval of the State Bond Commission.

(2) Bonds, notes, or other evidences of indebtedness may be issued as serial bonds or as term bonds and shall bear such date or dates, mature at such time or times, not exceeding thirty years from their respective dates, bear interest at such rate or rates, including variable, adjustable, or zero interest rates, be payable at such time or times, be in such denominations, be sold at such price or prices, at public or private negotiated sale, after advertisement as is provided for in R.S. 39:1426 et seq., be in such form, carry such registration and exchangeability privileges, be payable at such place or places, be subject to such terms of redemption, as may be provided in the indenture, trust agreement, or resolution relating to such bonds. Bonds, notes, or other evidences of indebtedness may be sold in such manner and from time to time as may be determined by the issuer and the board to be most beneficial, subject to approval of the State Bond Commission.

(3) Projects contained in this Section shall not be required to be included in the annual comprehensive capital budget nor obtain legislative approval as provided in R.S. 39:112(G).

(4) Construction projects contained in this Section shall be managed and administered by a nonprofit corporation established for such purposes, regardless of the source of revenues used to fund such construction projects.

(5) The board shall exercise its authority granted pursuant to R.S. 17:3361, et seq., as may be necessary to provide for the completion of the projects enumerated in this Section. The board may grant leases of property under its supervision to a nonprofit corporation or to an entity authorized to issue bonds as set forth in Paragraph (1) of this Subsection for the purpose of financing such projects, and the sum total amount to be financed therefor shall equal no more than the total value of all projects listed herein, plus an amount equal to fifteen percent of such total, together with other requirements including but not limited to costs of issuance, capitalized interest, if any, credit enhancement and related costs. Notwithstanding any provision of R.S. 17:3361, et seq., to the contrary, the term of any lease agreement made for purposes of this Part shall not exceed thirty years. No monies shall be appropriated for the purposes set forth in this Part for the projects set forth in Subsection B of this Section until July 1, 2008. No monies shall be appropriated for the purposes set forth in this Part for the projects set forth in Subsection C of this Section until July 1, 2015.

B. For the purposes of this Part, the following projects and the projects set forth in Subsection C of this Section shall comprise the entirety of public facilities and projects to be financed under the authorities of this Part and R.S. 17:3361 et seq. with respect to these projects. The dollar value listed, plus an amount equal to fifteen percent, together with other requirements including but not limited to costs of issuance, capitalized interest, if any, credit enhancement and related costs, is the maximum amount that may be financed for each of the following projects:

(1) LOUISIANA TECHNICAL COLLEGE

(a) Evangeline Campus, St. Martin

Region 4

$8,000,000

Replacement of campus buildings on campus-owned land across

the street from existing location.

(b) Huey P. Long Campus, Winnfield

Region 6

$10,000,000

Replace and relocate facilities to more accessible location on

college-owned land.

(c) Northwest Louisiana Campus, Minden

Region 7

$14,000,000

Expand campus in location on college-owned land.

(d) Young Memorial Campus, Morgan City

Region 3

$5,200,000

Construct buildings needed for non-marine programs.

(e) Florida Parishes Campus, Greensburg

Region 9

$8,000,000

Acquisition of eight-acre site and construction of facilities.

(f) Westside Campus, Plaquemine

Region 2

$3,000,000

Replacement of buildings and relocation of campus.

(g) Gulf Area Campus, Abbeville

Region 4

$6,000,000

Restoration of current facilities.

(h) Shelby M. Jackson Campus, Ferriday

Region 6

$4,500,000

Repair and replacement of facilities on college-owned land.

(i) Sidney N. Collier Campus, New Orleans

Region 1

$11,900,000

Relocation of campus, acquire land and buildings.

(2) COMMUNITY COLLEGES

(a) L.E. Fletcher Technical Community College, Houma

$21,300,000

Construction of classroom lab and office building; water survival

training facility at LAMPI and construction of marine/welding

transportation building.

(b) Sowela Technical Community College, Lake Charles

$13,000,000

Acquire adjacent land and construction of classroom and

student facilities.

(c) River Parishes Community College, Sorrento

$17,000,000

Acquire land and facilities and construction of additional facilities.

(d) Delgado Community College, New Orleans

Issac Delgado Hall

$ 786,800

Restore existing building.

Student Services

$2,618,350

Restore existing building.

Maritime and Industrial Training Center

$6,425,000

Relocate from City Park to New Orleans East.

Learning Resources Center

$4,114,165

Demolition and construction.

(e) Elaine P. Nunez Community College, Chalmette

Arts and Sciences Building

$97,187

Restore existing building.

Allied Health Building

$707,362

Restore existing building.

Physical Activity Center

$737,225

Restore existing building.

Shop Building-B

$971,757

Restore existing building.

Stewart Administration Building

$1,716,914

Add second floor to existing building.

Classroom Building A

$981,671

Restore existing building.

(3) Statewide Student and Financial Information System

$10,000,000

(4) The amounts set forth in this Subsection are estimates and the funding for any project may be increased to meet any contingencies by an amount not to exceed fifteen percent of the amounts set forth in the Subsection.

C. The projects set forth in Subsection B of this Section and the following projects shall comprise the entirety of public facilities and projects to be financed under the authorities of this Part and R.S. 17:3361 et seq., with respect to these projects. Each project set forth below shall require a no less than twelve percent private match. No project shall be financed until all private funds are available for that project. The dollar value listed for each project, plus an amount equal to fifteen percent, together with other requirements including but not limited to costs of issuance, capitalized interest, if any, credit enhancement and related costs, is the maximum amount that may be financed for each of the following projects:

(1) WORKFORCE AND TECHNICAL EDUCATION

(a)

Baton Rouge Community College,

East Baton Rouge Parish

New Workforce Training Center

$ 8,100,000

(b)

Baton Rouge Community College,

Smiley Heights Campus

East Baton Rouge Parish

Technology Center

$10,200,000

(c)

Bossier Parish Community College,

Bossier City Campus, Bossier Parish

Science, Technology, Engineering and

Math (STEM) Building

$18,500,000

(d)

Capital Area Technical College, Baton

Rouge Campus, East Baton Rouge Parish

Welding Center

$ 3,330,000

(e)

Central Louisiana Technical Community College,

Alexandria Campus, Rapides Parish

Workforce Industrial Training Campus

$19,000,000

(f)

Delgado Community College, Charity School

of Nursing, Orleans Parish

New Nursing and Allied Training Building

$34,000,000

(g)

Delgado Community College, River City Campus,

West Bank, Jefferson Parish

Training Center for Transportation, Maritime,

Engineering

$14,000,000

(h)

Delgado Community College, New Orleans

Orleans Parish

Center for Hospitality and Culinary

$ 9,000,000

(i)

Delgado Community College, Westbank Campus,

Orleans Parish

Advanced Technology Center

$12,000,000

(j)

Delgado Community College, Blair Campus,

Metairie, Jefferson Parish

Advanced Workforce Training

$ 7,200,000

(k)

Delgado Community College,

Avondale, Jefferson Parish

Advanced Manufacturing Center of Excellence

$10,000,000

(l)

Louisiana Delta Community College,

Winnsboro, Franklin Parish

Technology and Career Program Training Center

$ 4,590,000

(m)

Louisiana Delta Community College,

Jonesboro, Jackson Parish

Welding, Vehicle Operation and Industrial

Training Center

$ 2,700,000

(n)

Louisiana Delta Community College,

Ruston, Lincoln Parish

Nursing, Welding, Workforce Training Campus

$ 8,100,000

(o)

Louisiana Delta Community College,

Monroe, Ouachita Parish

Technology Center

$ 7,200,000

(p)

Louisiana Delta Community College,

Tallulah, Madison Parish

Upgrade/Advanced Workforce Training Campus

$ 2,500,000

(q)

Northshore Technical Community College,

Lacombe, St. Tammany Parish

Training Center for Industrial Technologies

$ 9,000,000

(r)

Northshore Technical Community College,

Livingston Parish

Community College Workforce Training Center

$ 5,130,000

(s)

Northwest Louisiana Technical College,

Minden Campus, Webster Parish

Workforce Development Center

$ 2,250,000

(t)

River Parishes Community College,

Gonzales, Ascension Parish

Center for Advance Technology

$ 8,100,000

(u)

South Central Louisiana Technical College,

River Parishes Campus, Reserve,

St. John the Baptist Parish

New PTech Building

$ 3,888,000

(v)

South Central Louisiana Technical College,

River Parishes Campus, Reserve, St. John the Baptist Parish

Center for Advancement of Technical Education

Building

$ 3,712,500

(w)

South Central Louisiana Technical College,

Young Memorial Campus, Morgan City,

St. Mary Parish

Marine Operations and Industrial Safety

Training Center

$ 3,330,000

(x)

South Louisiana Community College,

Lafayette Campus, Lafayette Parish

Allied Health and Science Training

Program Building

$15,000,000

(y)

SOWELA Technical Community College,

Morgan Smith Campus, Jennings,

Jefferson Davis Parish

Automotive, Welding, Nursing and Industrial

Programs Campus

$ 9,000,000

(2) STUDENT SERVICES, COUNSELING AND ADVISING

(a)

L.E. Fletcher Technical Community College,

Schriever, Terrebonne Parish

One Stop Shop for All Student Activities

$ 4,500,000

(b)

Nunez Community College,

Chalmette, St. Bernard Parish

Student Testing and Career Counseling Center

$ 6,480,000

(c)

SOWELA Technical Community College,

Main Campus, Lake Charles, Calcasieu Parish

One Stop Shop for Student Programs and Services

$ 7,200,000

(3) SAFETY, SECURITY AND INFRASTRUCTURE

Capital Area Technical College Campus,

Baton Rouge, East Baton Rouge Parish

Secured Parking Building for Students

$ 3,600,000

(4) The amounts set forth in this Subsection are estimates and the funding for any project may be increased to meet any contingencies by an amount not to exceed fifteen percent of the amounts set forth in this Subsection.

Acts 2007, No. 391, §1, eff. June 30, 2007; Acts 2008, No. 220, §7, eff. June 14, 2008; Acts 2013, No. 360, §1, eff. June 17, 2013.