The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Jerry J. Guillot. DIGEST Claitor (SB 633) Proposed law provides that no public school or nonpublic school that receives any public funds may be a member of, or participate in any competition sponsored by, any interscholastic extracurricular athletic association or organization that does not provide for third party arbitration of eligibility issues. Proposed law further requires each public school and nonpublic school that receives any public funds shall prepare a budget of revenue and expenses of its interscholastic extracurricular athletic program for each school year. Requires that the budget be submitted to the Department of Education on or before August first annually. Effective upon signature of the governor or lapse of time for gubernatorial action. (Adds R.S. 17:176(F) and (G))