This bill amends R.S. 9:5701 to clarify the prescriptive periods for debts owed to charitable or educational institutions in Louisiana. It introduces a definition for "writing" as per the Code of Evidence Article 1001. The bill establishes that actions for debts, including student loans, stipends, or benefits owed to charitable or educational institutions, are subject to a thirty-year prescriptive period, provided the debt is documented in writing. Additionally, it specifies that debts owed to public institutions of higher education, excluding student loans, stipends, or benefits, have a ten-year prescriptive period, also contingent on being evidenced in writing.

The bill also states that its provisions are remedial and retroactive but do not revive any obligations that have already been adjudicated as of the effective date of the new law. This change aims to provide clarity and consistency in the treatment of debts related to educational and charitable institutions in Louisiana.

Statutes affected:
HB72 Original:
HB72 Engrossed:
HB72 Enrolled:
HB72 Act :