The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Ashley Menou.
DIGEST
Adley (SB 460)
Present law provides that schools participating in the Student Scholarships for Educational
Excellence Program must submit to the Department of Education an independent financial audit
of the school.
Proposed law retains present law except to require that schools account for all scholarship funds
separately from other funds in a manner prescribed by the legislative auditor that allows thorough
auditing of the receipt and expenditure of scholarship funds.
Present law provides that any not-for-profit organization receiving state or local assistance is
subject to audit by the legislative auditor.
Proposed law adds scholarship programs administered by the Department of Education to the
types of assistance not-for-profit organizations receive that subject them to audit by the
legislative auditor.
Effective August 1, 2014.
(Amends R.S. 17:4022(3) and R.S. 24:513(A)(1)(b)(iv))