HB 407 — HIGHER EDUCATION: Provides relative to initial eligibility requirements for the M.J. Foster Promise Program (EN -$1,100,000 SD EX See Note)

HLSENROLLED 26RS-1340 REENGROSSED Regular Session HOUSE BILL NO.

407 BY REPRESENTATIVE LARVADAIN HIGHERAN EDUCATION:ACT To amend and reenact R.S.

Provides relative to initial eligibility requirements for the M.J.

Foster Promise Program AN ACT To amend and reenact R.S.

Page(b) 1ArecipientwhoisinitiallyeligiblepursuanttoItem(a)(i)or(a)(ii)ofthis ofParagraph 3shall CODING:continue to be eligible, so long as the recipient meets all other requirements of R.S.

Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.

HLS 26RS-1340 REENGROSSED HB NO.

407 (b) ArecipientwhoisinitiallyeligiblepursuanttoItem(a)(i)or(a)(ii)ofthis Paragraph shall continue to be eligible, so long as the recipient meets all other requirements of R.S.

Foster Promise Program shall submit a report to the House Committee on Education and the Senate Committee on EducationPage no1 laterof than2 JanuaryCODING: 1, 2028, that includes but need not be limited to the following information relative to the program since its enactment:

Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.

HB NO.

407 ENROLLED Education no later than January 1, 2028, that includes but need not be limited to the following information relative to the program since its enactment:

DIGESTSPEAKER ThedigestprintedbelowwaspreparedbyHouseLegislativeOF Services.THE HOUSE OF REPRESENTATIVES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED:

ItconstitutesPage nopart2 of the2 legislativeCODING: instrument.

The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent.

[R.S.

1:13(B) and 24:177(E)] HB 407 Reengrossed 2026 Regular Session Larvadain Abstract:

Changes certain initial eligibility requirements for the M.J.

Foster Promise Program.

Present law provides for the M.J.

Foster Promise Program, a financial assistance program for students attending a two-year public postsecondary education institution or proprietary schoolwhoareenrolledincertainqualifiedprograms.

Providesforspecificinitialeligibility requirements, including meeting the following minimum age requirements:

(1) Be at least 20 years old in the 2024-2025 award year.

(2) Be at least 19 years old in the 2025-2026 award year.

(3) Be at least 18 years old in the 2026-2027 award year.

(4) Be at least 17 years old in the 2027-2028 award year and thereafter.

Page 2 of 3 CODING:

Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.

HLS 26RS-1340 REENGROSSED HB NO.

407 Proposed law retains present law minimum age requirements for the 2024-2025 and 2025- award years, but adjusts minimum age requirements for future years and requires the following for applicants to be initially eligible:

(1) Be at least 21 years old in the 2026-2027 and 2027-2028 award years.

(2) Be at least 18 years old in the 2028-2029 award year.

(3) Be at least 17 years old in the 2029-2030 award year and thereafter.

Proposed law provides that a recipient who is initially eligible in the 2024-2025 or 2025- 2026awardyearsremainseligiblesolongastherecipientmeetsrequirementstopresentlaw (R.S.

17:3047.3).

Proposed law requires the administering agencyto submit a report to the House and Senate committeeson educationbyJan.1, 2028,thatincludescertaininformationanddatarelative to the program.

Effective on July 1, 2026.

(Amends R.S.

17:3047.2(A)(1)) Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Education to the original bill:

1.