Louisiana legislation · 2026 Regular Session
Louisiana SB518: PUBLIC LANDS: Allows Louisiana State University and Agricultural & Mechanical College to buy and sell certain real estate. (8/1/26)
Status: Signed into law, June 2, 2026
What the bill says
An act To amend and reenact R.S. 17:3351(A)(9), relative to the transfer of certain property; to provide for the sale of immovable property by state agencies; to provide for exceptions; to provide for postsecondary education management board authority; to provide for boards of supervisors; to provide for Louisiana State University and Agricultural and Mechanical College; to provide for the purchase, sale, transfer, or exchange of property; to provide for geographic boundaries; to provide for consideration; to provide for fair market value; to provide for notice; to provide for ratification…
From the introduced text:
AN ACT To amend and reenact R.S. 17:3351(A)(9), relative to the transfer of certain property; to provide for the sale of immovable property by state agencies; to provide for exceptions; to provide for postsecondary education management board authority; to provide for boards of supervisors; to provide for Louisiana State University and Agricultural and Mechanical College; to provide for the purchase, sale, transfer, or exchange of property; to provide for geographic boundaries; to provide for consideration; to provide for fair market value; to provide for notice; to provide for ratification; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. R.S. 17:3351(A)(9) is hereby amended and reenacted to read as follows: §3351. General powers, duties, and functions of postsecondary education management boards A. Subject only to the powers of the Board of Regents specifically enumerated in Article VIII, Section 5 of the Constitution of Louisiana, and as otherwise provided by law, each postsecondary system management board as a body corporate shall have authority to exercise power necessary to supervise and manage Page 1 of Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SLS 26RS-713 ORIGINAL SB NO. the day-to-day operations of institutions of postsecondary education under its control, including but not limited to the …