![State Reshuffling Money For Louisiana Colleges](http://townsquare.media/site/36/files/2012/06/UL-Martin-Hall-630x472.jpg?w=980&q=75)
State Reshuffling Money For Louisiana Colleges
Louisiana’s colleges are about to get an injection of money from Louisiana’s treasury.
Governor Bobby Jindal’s administration filed a loan request for $40 million with Treasurer John Kennedy’s office.
The colleges are in need of money to continue funding their operations based on Jindal’s budgeting.
They need to the money to fill the gap after the way in which lawmakers and the Jindal administration set up their budget through the state’s $25 billion budget.
The money being used comes from property sales, legal settlements and other financing.
Until the money gets into the State’s coffers, the state will borrow the $40 million from other places in the budget.
More From News Talk 96.5 KPEL
![Louisiana Lawmakers Look at Ways to Spend Extra Cash](http://townsquare.media/site/180/files/2011/05/Louisiana-Legislature-2-e1370517808318.jpg?w=980&q=75)
![Jay Dardenne Talks about Revenues](http://townsquare.media/site/180/files/2019/04/Jay-mug.jpg?w=980&q=75)
![See How Your La. House Member Voted On The Budget Bill](http://townsquare.media/site/36/files/2015/08/Louisiana-State-Capitol-Photo-by-Chris-GraythenGetty-Images-280x3001.jpg?w=980&q=75)
![It’s Official: Edwards Calls Lawmakers Into Special Session](http://townsquare.media/site/36/files/2016/10/GettyImages-580034036.jpg?w=980&q=75)
![Edwards Administration Warning $313M Budget Gap Could Grow](http://townsquare.media/site/36/files/2016/05/State-Capitol-at-Dusk-Wikimedia-Commons.jpg?w=980&q=75)
![Budget Worst-case Scenario Would Close Parks, Historic Sites](http://townsquare.media/site/36/files/2011/11/Billy-Nungesser-billynungesser.com_.jpg?w=980&q=75)
![Gov. Jindal To Announce Plan To Offset Budget Deficit](http://townsquare.media/site/36/files/2014/06/145977880.jpg?w=980&q=75)
![Lawmakers Send State Budget To La. Gov. Jindal’s Desk](http://townsquare.media/site/36/files/2012/09/Louisiana-State-Capitol-Photo-by-Chris-GraythenGetty-Images.jpg?w=980&q=75)
![Lawmakers Slam Jindal Budget Plan For Louisiana Prisons](http://townsquare.media/site/36/files/2013/10/prison-bars-e1461706432371.jpg?w=980&q=75)