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A.  The Louisiana Coordinating Council for Higher Education created by Section 7 of Article XII of thethe Louisiana Constitution of 1921 shall continue to have and exercise all power and authority granted to and perform all functions provided for such board by thethe Louisiana Constitution of 1921 or by law until the first meeting of the Louisiana Board of Regents is held as provided in La. Rev. Stat. 17:3123.

B.  On and after the date of the first meeting of the board, the contractual obligations heretofore incurred by the Louisiana Coordinating Council for Higher Education shall be discharged by the Louisiana Board of Regents.  All books, papers, records, money and other property heretofore owned, possessed, controlled or used by the Louisiana Coordinating Council for Higher Education in the exercise of its functions and, to the extent practicable and necessary, all employees heretofore engaged in the performance of the functions of the Louisiana Coordinating Council for Higher Education are hereby transferred to the Louisiana Board of Regents effective on the date of the first meeting of the board and subject to all applicable state civil service rules and regulations and those of the applicable employees’ retirement systems.

Acts 1974, Ex.Sess.  No. 7, §1, eff. Jan. 1, 1975.