FUNDS/FUNDING: Dedicates revenue to the College and University Deferred Maintenance and Capital Improvement Fund (OR -$100,000,000 GF RV See Note)

HB 335 creates a dedicated state fund to address deferred maintenance and capital improvements at Louisiana's public colleges and universities. It mandates $100 million annually from the state treasury starting in fiscal year 2025-2026 for four years, plus additional sources like bond proceeds, legislative appropriations, and donations. Funds in the account must be used exclusively for repairing aging facilities and funding new infrastructure projects at these institutions. Unspent funds carry over annually, and the money is invested like general state funds, with interest added back to the account. This bill directly affects all public higher education institutions in Louisiana by providing guaranteed, dedicated funding for facility upgrades.