Board of Regents Support Funds
As a result of the Federal Outer Continental Shelf Lands Act, approximately $550 million which was received from a settlement of disputed oil and gas revenues, was used to endow two funds in the state treasury: The Louisiana Education Quality Trust Fund and the Board of Regents Support Fund. The revenues from these endowments are used to provide enhancement, research and support funds for Louisiana colleges and universities.
The Board of Regents also co-sponsors with Federal agencies several statewide programs under the aegis of the Experimental Program to Stimulate Competitiveness Research (EPSCoR). The goal of the Board of Regents EPSCoR programs is to strengthen targeted R&D areas relevant to the State and mission of each agency and, in the process, develop Louisiana's research capacity, infrastructure, and science and engineering personnel.