Senate Bill No. 174, introduced by Senator Pressly, authorizes the transfer of specific state property located in Caddo Parish to the Caddo Parish School Board. The bill empowers the president of Louisiana Tech University, with the approval of the Board of Supervisors for the University of Louisiana System, and the commissioner of administration to convey, transfer, assign, or deliver any interest in the property, which is described as Lot 1 of the Shreve Park Industrial Campus. Importantly, the transfer will exclude mineral rights, which will be reserved for the state.

Additionally, the bill allows the involved parties to enter into necessary agreements and execute documents to facilitate the transfer, ensuring that the terms are proportionate to the appraised value of the property. The act will take effect upon the governor's signature or, if not signed, after the designated time for bills to become law without signature. If the governor vetoes the bill and it is later approved by the legislature, it will become effective the day after such approval.