Page 1 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2014 ENROLLED SENATE BILL NO. 657 BY SENATOR BUFFINGTON 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 law to the contrary, any10 public or private entity, including any nonprofit organization, may make a11 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 notwithstanding any provision of law to the contrary, they may create privately18 funded scholarship programs to make payments to participating school districts19 on behalf of qualified students. If the division of administration were to20 approve a private scholarship program then any scholarship funds received by21 a participating school district from a private scholarship program on behalf of22 a student shall cause a reduction in the dollar amount of the allocation to the23 ACT No. 780 SB NO. 657 ENROLLED Page 2 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. participating school district such that the allocation shall be an amount that is1 equal to the dollar amount that the allocation would have been if no private2 scholarship funds had been received less the amount of private scholarship3 funds received by the participating school district.4 (2) This Subsection shall in no way be interpreted in such a manner that5 a participating school district would receive less benefits from a combination of6 the allocation from the program and the private scholarship funds received than7 it would have received solely from the allocation if there had been no private8 scholarship funded. Therefore, to the extent that any privately funded9 scholarship funds provided for in this Subsection made to a participating school10 district are for an amount less than the amount the participating school district11 would have otherwise received as an allocation if no such private scholarship12 funds had been paid under this Subsection, then the participating school district13 shall receive that difference as an allocation under the program.14 (3) As provided in this Subsection, when a participating school district15 receives privately funded scholarship funds pursuant to this Subsection, the16 annual appropriation of state funds for the Cecil J. Picard LA 4 Early17 Childhood Program shall be reduced by the amount of the private scholarship18 program funds so received. The commissioner of administration shall19 determine and specify the amount of the reduction from the source of the funds20 to provide the maximum benefit to the state from the privately funded21 scholarship program. The state treasurer shall deposit the amount of the22 reduction as specified by the commissioner of administration into the23 Overcollections Fund created in R. S. 39:100.21 and credit the deposit to an24 account within the fund hereby established and created to be known as the25 "Program Participation Savings Account".26 C. Nothing in this Section shall be construed or implemented in a27 manner that would cause the loss of any federal or other funding for any early28 childhood programs or services, including but not limited to the Cecil J. Picard29 LA 4 Early Childhood Program and the Child Care and Development Fund.30 SB NO. 657 ENROLLED Page 3 of 3 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 PRESIDENT OF THE SENATE SPEAKER OF THE HOUSE OF REPRESENTATIVES GOVERNOR OF THE STATE OF LOUISIANA APPROVED: