Louisiana Revised Statutes Tit. 17, § 3024.2. Appropriation for guaranteed student loan program

The legislature shall annually appropriate sufficient funds to pay those eligible claims resulting from the guarantee of student loans by the board under this Chapter, but only to the extent that anticipated federal reinsurance or reimbursement payments pursuant to 20 U.S.C. § 1071 et seq., and any other monies available to the board for such purpose are insufficient to pay such claims.