This bill enacts Part VII-A of Chapter 26 of Title 17 of the Louisiana Revised Statutes, establishing a program aimed at addressing deferred maintenance and capital improvement needs at public postsecondary educational institutions in Louisiana. It authorizes the issuance of bonds to finance these projects, outlines the responsibilities of various management boards, and exempts certain projects from being included in the annual capital outlay budget. The bill also creates the College and University Deferred Maintenance and Capital Improvement Fund, which will be funded through bond proceeds and other sources, and specifies the allocation of funds among different educational systems.

Key provisions include the establishment of an annual appropriation dependency clause in financing agreements, the maximum bond issuance limit of two billion dollars, and the requirement for regular reporting on project progress. The bill also stipulates that no bonds may be issued before July 1, 2026, and sets a deadline for bond issuance by July 1, 2036. Overall, the legislation aims to facilitate the timely completion of necessary maintenance and improvement projects across Louisiana's public postsecondary institutions.