Contributions, Deposits, Donations, and Loans

Deposits represent a pledge of state funds. The Louisiana Constitution under Article 7 Section 14 states:

§14. Donation, Loan, or Pledge of Public Credit Section 14.(A) Prohibited Uses. Except as otherwise provided by this constitution, the funds, credit, property, or things of value of the state or of any political subdivision shall not be loaned, pledged, or donated to or for any person, association, or corporation, public or private. University policy shall be that "no" funds or other property will be loaned, pledged or donated unless otherwise exempted by the constitution or other provision of the law.

The purchase of institutional memberships in organizations, subscriptions to publications, and registration or entry fees are not deposits and may be charged to LaCarte or processed as a direct charge, as long as documentation of costs are provided.




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