A. A city, parish, or other local public school board may name the following at a school within its jurisdiction in honor of a living person:
(1) A street that is maintained by the school board and that is not a state or federal highway.
(2) An existing athletic facility.
B. A school board may establish criteria that it will apply in naming a street or an athletic facility in honor of a living person, but such criteria are not a prerequisite for the exercise of the authority granted by this Section.