Section 17:3801 - [See Note] Louisiana Education Quality Trust Fund, hereinafter referred to in this Part as the "Kevin P. Reilly, Sr. Louisiana Education Quality Trust Fund"A.(1) There shall be established in the state treasury as a special permanent trust fund, the "Kevin P. Reilly, Sr. Louisiana Education Quality Trust Fund", henceforth referred to as the " Trust Fund". (2) There is hereby created a special fund in the state treasury, which shall be known as the Louisiana Quality Education Support Fund, hereafter referred to in this Section as the "Support Fund".
B. Repealed by Acts 2024EX3, No. 13,s. 8.C.(1) The amounts in the Support Fund shall be available for appropriation to pay expenses incurred for outside investment managers for the investment and management of the Trust Fund and for other custody, investment, and disbursement costs directly attributable to the Trust Fund, and for educational purposes only as provided in these Sections.(2) The treasurer shall disburse not more than fifty percent of the monies in the Support Fund as that money is appropriated by the legislature and allocated by the Board of Regents for any or all of the following higher educational purposes to enhance economic development:
(a) The carefully defined research efforts of public and private universities in Louisiana.(b) The endowment of chairs for eminent scholars.(c) The enhancement of the quality of academic, research, or agricultural departments or units within a community college, college, or university. These funds shall not be used for athletic purposes or programs.(d) The recruitment of superior graduate students.(3) The treasurer shall disburse not more than fifty percent of the monies in the Support Fund as that money is appropriated by the legislature and allocated by the State Board of Elementary and Secondary Education for any or all of the following elementary and secondary educational purposes: (a) To provide compensation to city or parish school board professional instructional employees.(b) To insure an adequate supply of superior textbooks, library books, equipment, and other instructional materials.(c) To fund exemplary programs in elementary, secondary, or vocational-technical schools designed to improve elementary and secondary student academic achievement, or vocational-technical skill.(d) To fund carefully defined research efforts, including pilot programs, designed to improve elementary and secondary student academic achievement.(e) To fund summer school remediation programs and preschool programs.(f) To fund the teaching of foreign languages in elementary and secondary schools.(g) To fund an adequate supply of teachers by providing scholarships or stipends to prospective teachers in academic areas where there is a critical teacher shortage. D. The monies appropriated by the legislature and disbursed from the Support Fund shall not displace, replace, or supplant appropriations from the general fund for the purposes of implementing the minimum foundation program or displace, replace, or supplant funding for higher education. For higher education, this Subsection shall mean that no appropriation for any fiscal year from the Support Fund shall be made for any higher education purpose for which a general fund appropriation was made the previous year unless the total appropriations for that fiscal year from the state general fund for higher education exceed general fund appropriations for higher education for the previous year. This Subsection shall in no way limit general fund appropriations in excess of the minimum amounts herein established.E.(1) No funds appropriated by the legislature and disbursed from the support fund shall be used to provide training, instructional materials, or other educational assistance under any of the allowable educational purposes enumerated in Subsection C of this Section to any person in his capacity as an employee or prospective employee of any entity under a private management contract with the state nor shall any such funds be used to pay any entity for expenses associated with training of personnel to provide services to the state under a private management contract.(2) A "private management contract" shall be defined for purposes of this Subsection as any contract entered into by the state or any of its agencies for the operation, maintenance, or management of any state correctional facility or the management or administration of any state correctional service.(3) Repealed by Acts 1998, 1st Ex. Sess., No. 151, §3, eff. July 1, 1999.F. In lieu of the appropriation or allocation of funds from the Louisiana Quality Education Support Fund, the legislature shall appropriate annually for vocational-technical education purposes the amount of three million four hundred thousand dollars.Acts 1985, No. 949, §1, eff. July 1, 1985, Sept. 6, 1985, and July 1, 1986; Acts 1990, No. 1002, §1; Acts 1991, No. 747, §1; Acts 1994, 3rd Ex. Sess., No. 136, §2, eff. Jan. 1, 1995; Acts 1998, 1st Ex. Sess., No. 151, §§1, 3, eff. July 1, 1999; Acts 2001, No. 698, §1; Acts 2001, No. 765, §§1 and 2, eff. June 26, 2001; Acts 2013, No. 56, §1, eff. May 29, 2013; Acts 2022, No. 374, §1.Repealed by Acts 2024EX3, No. 13,s. 10, eff. 7/1/2025 if and when the proposed amendment of Article VII of the Constitution of Louisiana contained in the Act which originated as House Bill No. 7 of this 2024 Third Extraordinary Session of the Legislature is adopted at a statewide election and becomes effective.Amended by Acts 2024EX3, No. 13,s. 8, eff. if and when the proposed amendment of Article VII of the Constitution of Louisiana contained in the Act which originated as House Bill No. 7 of this 2024 Third Extraordinary Session of the Legislature is adopted at a statewide election and becomes effective..Amended by Acts 2024EX3, No. 13,s. 1, eff. if and when the proposed amendment of Article VII of the Constitution of Louisiana contained in the Act which originated as House Bill No. 7 of this 2024 Third Extraordinary Session of the Legislature is adopted at a statewide election and becomes effective..Amended by Acts 2022, No. 374,s. 1, eff. 8/1/2022.Amended by Acts 2013, No. 56,s. 1, eff. 5/29/2013.Acts 1985, No. 949, §1, eff. 7/1/1985, 9/6/1985, and 7/1/1986; Acts 1990, No. 1002, §1; Acts 1991, No. 747, §1; Acts 1994, 3rd Ex. Sess., No. 136, §2, eff. 1/1/1995; Acts 1998, 1st Ex. Sess., No. 151, §§1, 3, eff. 7/1/1999; Acts 2001, No. 698, §1; Acts 2001, No. 765, §§1 and 2, eff. 6/26/2001.SEE ACTS 1994, 3RD EX. SESS., §4.
This section is set out more than once due to postponed, multiple, or conflicting amendments.