SLS 10RS-704 ORIGINAL Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2010 SENATE BILL NO. 240 BY SENATOR MURRAY SCHOOLS. Allows the Orleans Parish School Board to exclude certain costs from the amount of local funds that it would otherwise be required to transfer to the RSD. (8/15/10) AN ACT1 To enact R.S. 17:1990(C)(2)(a)(iii), relative to the Recovery School District; to allow the2 Orleans Parish School Board to deduct certain costs from the amount of local3 revenues that it would otherwise be required to transfer to the district; to require for4 a report accounting for such excluded monies; and to provide for related matters.5 Notice of intention to introduce this Act has been published.6 Be it enacted by the Legislature of Louisiana:7 Section 1. R.S. 17:1990(C)(2)(a)(iii) is hereby enacted to read as follows: 8 ยง1990. Recovery School District; creation; governance; operation9 * * *10 C.11 * * *12 (2)(a)13 * * *14 (iii)(aa) In addition to the exclusions allowed pursuant to R.S.15 17:1990(C)(2)(a)(i), when calculating the amount of money a city, parish, or16 other local public school board is required to allocate and transfer to the school17 SB NO. 240 SLS 10RS-704 ORIGINAL Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. district relative to schools transferred to the district, the Orleans Parish School1 Board shall be allowed to exclude an amount equal to the actual amount2 expended by the board for the cost of workers' compensation premiums and the3 employee and employer portions of health insurance benefits for retired4 employees incurred by the board, not to exceed nine million dollars annually.5 (bb) The Orleans Parish School Board shall report annually to the state6 Department of Education accounting for any monies so excluded.7 * * *8 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Jeanne C. Johnston. DIGEST Present law allows local public school boards to exclude local revenues specifically dedicated by the legislature or the voters to capital outlay or debt service or which was actually expended for facilities acquisition and construction as reported to the state Dept. of Education (DOE) from the amount otherwise required to be transferred to the Recovery School District (RSD) for schools transferred from the local school system to the RSD. Proposed law retains present law and allows the Orleans Parish School Board (OPSB) to additionally exclude an amount equal to the amount actually expended by the board for the cost of workers' compensation premiums and the employee and employer portions of health insurance benefits for retired employees, not to exceed nine million dollars annually. Requires OPSB to annually report to DOE accounting for any monies so excluded. Effective August 15, 2010. (Adds 17:1990(C)(2)(a)(iii))