SLS 14RS-1613 ENGROSSED Page 1 of 4 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2014 SENATE BILL NO. 657 BY SENATOR BUFFINGTON FUNDS/FUNDING. Authorizes public or private entities to make certain donations to participating school systems for children enrolled in the Cecil J. Picard LA 4 Early Childhood Program classes. (7/1/14) AN ACT1 To enact R.S. 17:407.26, relative to financial assistance for participating school systems2 with early childhood programs; to authorize public or private entities to make certain3 donations to students enrolled in the Cecil J. Picard LA 4 Early Childhood Program4 classes; to provide for an effective date; and to provide for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 17:407.26 is hereby enacted to read as follows: 7 ยง407.26. The Cecil J. Picard LA 4 Early Childhood Program; early childhood8 development and enrichment activity classes; financial assistance9 A. Notwithstanding any other provision of this Section to the contrary,10 any public or private entity, including any nonprofit organization, may make11 a directed donation to any participating school district for a student who is12 enrolled in Cecil J. Picard LA 4 Early Childhood Program classes.13 B.(1) Recognizing the success and growth of the Cecil J. Picard LA 414 Early Childhood Program and in order to maintain the long term financial15 stability of the program, private businesses, industry, foundations, charities,16 and other groups may request from the division of administration that,17 SB NO. 657 SLS 14RS-1613 ENGROSSED Page 2 of 4 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. notwithstanding any provision of law to the contrary, they may create privately1 funded scholarship programs to make payments to participating school districts2 on behalf of qualified students. If the division of administration were to3 approve a private scholarship program then any scholarship funds received by4 an eligible college or university from a private scholarship program on behalf5 of a student shall cause a reduction in the dollar amount of the allocation to the6 participating school district such that the allocation shall be an amount that is7 equal to the dollar amount that the allocation would have been if no private8 scholarship funds had been received less the amount of private scholarship9 funds received by the participating school district.10 (2) This Subsection shall in no way be interpreted in such a manner that11 a participating school district would receive less benefits from a combination of12 the allocation from the program and the private scholarship funds received then13 it would have received solely from the allocation if there had been no private14 scholarship funded. Therefore, to the extent that any privately funded15 scholarship funds provided for in this Subsection made to a participating school16 district are for an amount less than the amount the participating school district17 would have otherwise received as an allocation if no such private scholarship18 funds had been paid under this Subsection, then the participating school district19 shall receive that difference as an allocation under the program.20 (3) As provided in this Subsection, when a participating school district21 receives privately funded scholarship funds pursuant to this Subsection, the22 annual appropriation of state funds for the Cecil J. Picard LA 4 Early23 Childhood Program shall be reduced by the amount of the private scholarship24 program funds so received. The state treasurer shall deposit the amount of the25 reduction as specified by the commissioner of administration into the26 Overcollections Fund created in R. S. 39:100.21 and credit the deposit to an27 account within the fund hereby established and created to be known as the28 "Program Participation Savings Account".29 SB NO. 657 SLS 14RS-1613 ENGROSSED Page 3 of 4 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Section 2. This Act shall become effective on July 1, 2014; if vetoed by the governor1 and subsequently approved by the legislature, this Act shall become effective on July 1,2 2014, or on the day following such approval by the legislature, whichever is later.3 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Jay R. Lueckel. DIGEST Buffington (SB 657) Present law establishes the Cecil J. Picard LA 4 Early Childhood Program to serve participating city, parish, and other local public school systems. Provides for eligibility, requirements, and funding provisions. Proposed law retains present law and also provides that any public or private entity, including any nonprofit organization, may make a directed donation to any participating school district for a student who is enrolled in Cecil J. Picard LA 4 Early Childhood Program classes. Proposed law enacts new section of law for financial assistance relative to the Cecil J. Picard LA 4 Early Childhood Program. Proposed law provides that private businesses, industry, foundations, charities, individuals and other groups may request the division of administration to create a privately funded scholarship program to make payments to participating school districts on behalf of qualified students. Proposed law requires that the new private scholarship program shall in no way be interpreted in such a manner that a participating school district would receive less benefits from the private scholarship than it would have from the existing Cecil J. Picard LA 4 Early Childhood Program had there been no private scholarship program. Proposed law further provides that when an eligible school district receives private scholarship funds, the annual appropriation of state funds shall be reduced by the amount of the private scholarship funds so received. The state treasurer shall deposit the amount of the reduction as specified by the commissioner of administration into the Overcollections Fund and credit the deposit to an account in the fund known as the "Program Participation Savings Account". Effective July 1, 2014. (Adds R.S. 17:407.26) Summary of Amendments Adopted by Senate Committee Amendments Proposed by Senate Committee on Finance to the original bill 1. Enacts new section of law for financial assistance relative to the Cecil J. Picard LA 4 Early Childhood Program. 2. Adds a new section to the Cecil J. Picard LA 4 Early Childhood Program that private businesses, industry, foundations, charities, individuals and other groups may request the division of administration to create a privately funded scholarship program to make payments to participating school districts on SB NO. 657 SLS 14RS-1613 ENGROSSED Page 4 of 4 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. behalf of qualified students. 3. Provides that the new private scholarship program shall in no way be interpreted in such a manner that a participating school district would receive less benefits from the private scholarship than it would have from the existing Cecil J. Picard LA 4 Early Childhood Program had there been no private scholarship program. 4. Relative to the scholarship programs for the Cecil J. Picard LA 4 Early Childhood Program, provides that when an eligible school district receives private scholarship funds, the annual appropriation of state funds shall be reduced by the amount of the private scholarship funds so received. The state treasurer shall deposit the amount of the reduction as specified by the commissioner of administration into the Overcollections Fund and credit the deposit to an account in the fund known as the "Program Participation Savings Account".