BATON ROUGE, La. (KPEL) -- A bill that would have redirected $200,000 of the Lafayette hotel-motel tax toward the restoration of the Holy Rosary Institute has failed in the state legislature.

The state house will not hear House Bill 420, according to KATC TV-3, which included changes proposed by the Senate. Those changes prevented the school from receiving any of the funds, instead allowing the organization to apply for grants from the Lafayette Convention and Visitors Commission.

State leaders will hold a press conference Friday to discuss the failed legislation.

The historically African American school shut its doors in 1993, but state leaders, in particular Democrat Rep. Vincent Pierre, hoped to use the money to restore the now dilapidated school.