La. Stat. tit. 37 § 1016
Each person granted a stipend in accordance with the provisions of this Part shall receive seventy-five percent of his current contractual annual salary for the period of approved stipend program participation. Stipends for the fall and spring semester shall each be calculated on a four-and-one-half-month basis. Stipends granted for a quarter session shall be calculated on a three-month basis. Summer stipends may be authorized at seventy-five percent of the salary of the individual in accordance with institutional policy. Stipends shall be used exclusively for study in Louisiana graduate programs approved by the board. A stipend may, however, be granted for out-of-state study if the committee determines that the necessary course of study is not available in the approved graduate programs of this state or for such other valid reasons as may be determined by the committee.
La. R.S. § 37:1016