Gov. Jindal signs GRAD Act 2.0 at LSU - KALB-TV News Channel 5 & CBS 2

Gov. Jindal signs GRAD Act 2.0 at LSU

During a ceremony July 12 at LSU's Lod Cook Alumni Center, Gov. Bobby Jindal officially signed GRAD Act 2.0 into law, providing more administrative flexibility to public universities in the state.

            GRAD Act 2.0 was approved by the Louisiana Legislature in June and builds upon the original GRAD Act that was passed during last year's legislative session.

            Introduced as House Bill 549 during the 2011 legislative session, GRAD Act 2.0 provides for greater autonomy in business operations for higher education, with the expectation of improved efficiency and cost savings, in exchange for improved performance and continued transparency from public higher education institutions.

            During the bill-signing ceremony, Jindal thanked the legislature and all those who championed the bill, including representatives from LSU, state business leaders and members of the Louisiana Flagship Coalition. Jindal said the new law is "another important milestone" in improving higher education in Louisiana.

            LSU Chancellor Mike Martin praised all those involved in the passing of the GRAD Act, and promised that LSU would hold up its end of the bargain.

            "On behalf of the students – thank you," Martin said. "This will give us a chance to give them what they deserve."

            Several others in attendance who supported the bill included Sen. Conrad Appel, Rep. Jim Tucker, Louisiana Flagship Coalition Co-Chairs Lane Grigsby and Sean Reilly and Businesses for Improving Louisiana's Development Chair Philip Rozeman. Those who spoke during the event said GRAD Act 2.0 is a step forward for higher education, and said this new way of operating will put Louisiana on par with other states that have already taken similar measures.

            "We can compete with the best if we're playing by the same rules," Reilly said.

            Video of the signing ceremony can be found online at the LSU YouTube channel, located at www.youtube.com/user/LSU.

            For more information on LSU and the Louisiana Legislature, visit www.lsu.edu/externalaffairs.

 

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