BATON ROUGE, LA – A new state law will generate money for Louisiana’s colleges and universities and reduce the abuse of taxpayer dollars, according to State Treasurer John Kennedy. “State Rep. Lance Harris and I worked together on House Bill 376 because we were concerned about community organizations wasting federal grant dollars. Some of these organizations are living high on the hog. They’re buying luxury cars, taking vacations, eating at fancy restaurants and paying themselves high salaries,” said Treasurer Kennedy. “No longer will the public have to tolerate their hard-earned money being misused.” House Bill 376 will become law this year. The bill gives higher education the first right of refusal on federal grant funding for such programs as after-school tutoring. This work currently goes to community organizations – often called NGOs – with little oversight. “It’s just common sense that we run these types of things through our higher education systems,” said Rep. Harris. “Treasurer Kennedy and I approached this with a combination of business acumen and common sense. That is how good laws are made.”

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us