House Bill No. by Representative Dewitt amends R.S. 9:5701 to clarify the prescriptive periods for certain debts owed to charitable or educational institutions in Louisiana. The bill defines "writing" in accordance with the Code of Evidence Article 1001, establishing that debts, including student loans and benefits owed to these institutions (excluding those under the Federal Family Education Loan Program), are prescribed by a period of thirty years if evidenced in writing. Additionally, it specifies that debts owed to public institutions of higher education, excluding student loans, stipends, or benefits, are prescribed by a period of ten years, also contingent on being evidenced in writing.

The bill is designed to be remedial and retroactive, meaning it will apply to past obligations but will not revive any debts that have already been adjudicated as of the effective date of the law. This legislative change aims to provide clarity and consistency in the treatment of debts owed to educational and charitable entities within the state.

Statutes affected:
HB72 Original: