2015 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, WinnfieldRegion 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 and Campus Renovations                            $ 6,930,000

            (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,

                        Main Campus, Calcasieu Parish                                             $ 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) Repealed by Acts 2015, No. 418, §2, eff. July 1, 2015.

            (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; Acts 2015, No. 418, §§1, 2, eff. July 1, 2015.