SLS 14RS-1623 ORIGINAL 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 SENATE BILL NO. 666 BY SENATOR CORTEZ FUNDS/FUNDING. Provides relative to charter school funding. (7/1/14) AN ACT1 To amend and reenact R.S. 17:3995(A)(1)(b)(ii), to enact R.S. 17:3995(A)(1)(d), and to2 repeal R.S. 17:3995(A)(1)(c), relative to charter school funding; to provide relative3 to the use of certain local revenues for computing and allocating the per pupil4 amount provided to all charter schools; to provide exceptions; to provide for an5 effective date; and to provide for related matters.6 Be it enacted by the Legislature of Louisiana:7 Section 1. R.S. 17:3995(A)(1)(b)(ii) is hereby amended and reenacted, and R.S.8 17:3995(A)(1)(d) is hereby enacted to read as follows: 9 ยง3995. Charter school funding10 A.(1) For the purpose of funding, a Type 1, Type 3, Type 3B, and Type 411 charter school shall be considered an approved public school of the local school12 board entering into the charter agreement and shall receive a per pupil amount each13 year from the local school board based on the October first membership count of the14 charter school. Type 1B and Type 2 charter schools shall receive a per pupil amount15 each year authorized by the state board each year as provided in the minimum16 foundation program approved formula. The per pupil amount provided to a Type 1,17 SB NO. 666 SLS 14RS-1623 ORIGINAL Page 2 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. 1B, 2, 3, 3B, or 4 charter school shall be computed annually and shall be equal to no1 less than the per pupil amount received by the school district in which the charter2 school is located from the following sources based on the district's October first3 membership count:4 * * *5 (b)(i) Local revenues received during the prior year by the school district6 from the following sources:7 * * *8 (ii) For the purposes of this Subparagraph, local revenues shall exclude any9 portion which has been specifically dedicated by the legislature or by voter approval10 to capital outlay, or debt service, teacher and school employee salaries and11 benefits, or the expenses of maintaining and repairing schools.12 * * *13 (d) The amount of the per pupil allocation for all charter schools shall14 be reduced by an amount equal to the proportionate amount the local school15 board is required to contribute to the Teachers' Retirement System of Louisiana16 from the minimum foundation program for its share of the unfunded accrued17 liability of Teachers' Retirement System of Louisiana. The amount of the18 reduction to the per pupil allocation shall be transferred to the Teachers'19 Retirement System of Louisiana for payment towards the unfunded accrued20 liability.21 * * *22 Section 2. R.S. 17:3995(A)(1)(c) is hereby repealed.23 Section 3. The provisions of this Act shall become effective on July 1, 2014; if24 vetoed by the governor and subsequently approved by the legislature, this Act shall become25 effective on July 1, 2014, or on the day following such approval by the legislature,26 whichever is later.27 SB NO. 666 SLS 14RS-1623 ORIGINAL Page 3 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Martha S. Hess. DIGEST Cortez (SB 666) Present law provides that for the purpose of funding, a Type 1, Type 3, Type 3B, and Type 4 charter school shall be considered an approved public school of the local school board entering into the charter agreement and shall receive a per pupil amount each year from the local school board based on the October first membership count of the charter school. The per pupil amount provided to a Type 1, 1B, 2, 3, 3B, or 4 charter school shall be computed annually and shall be equal to no less than the per pupil amount received by the school district in which the charter school is located from the following sources based on the district's October first membership count: (1)The state-funded per pupil allocation received by the district pursuant to the most recent legislatively approved minimum foundation program formula resolution. (2)Local revenues received during the prior year by the school district from the following sources: (a)Sales and use taxes, less any collection fee paid by the school district. (b)Ad valorem taxes, less any collection fee paid by the school district. (c)Earnings from sixteenth section lands owned by the school district. Present law provides that local revenues shall exclude any portion which has been specifically dedicated by the legislature or by voter approval to capital outlay or debt service. Proposed law retains present law but adds to the list of exclusions from local revenues any portion which has been specifically dedicated by the legislature or by voter approval to teacher and school employee salaries and benefits or the expenses of maintaining and repairing schools. Present law provides that the exclusion from local revenues for any portion which has been specifically dedicated by the legislature or by voter approval to capital outlay or debt service, shall be applicable only to a charter school housed in a facility or facilities provided by the district in which the charter school is located. Proposed law repeals present law. Proposed law provides that the amount of the per pupil allocation for all charter schools shall be reduced by an amount equal to the proportionate amount the local school board is required to contribute to the Teachers' Retirement System of Louisiana from the minimum foundation program for its share of the unfunded accrued liability of Teachers' Retirement System of Louisiana. The amount of the reduction to the per pupil allocation shall be transferred to the Teachers' Retirement System of Louisiana for payment towards the unfunded accrued liability. Effective July 1, 2014. (Amends R.S. 17:3995(A)(1)(b)(ii); adds R.S. 17:3995(A)(1)(d); repeals R.S. 17:3995(A)(1)(c))