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))