COLLEGES/UNIVERSITIES: Provides relative to the Board of Regents powers and duties. (gov sig)

This bill establishes a comprehensive financial accountability framework for Louisiana's public colleges and universities to ensure the efficient use of public funds. It requires the Board of Regents to develop a uniform fiscal policy by December 31, 2026, which mandates that institutions submit quarterly financial reports detailing revenues, expenses, and cash flow. The legislation also creates an early warning system to identify financial distress based on specific metrics, such as structural deficits or declining cash reserves, and requires institutions in trouble to submit corrective action plans. Additionally, the bill updates the Board of Regents' authority to monitor institutional performance and submit annual reports to state leadership.