§ 17:3805 — Repealed by Acts 2025, No. 385, §5, eff. July 1, 2026

Louisiana § 17:3805

• Jurisdiction: Louisiana
• Title 17: Credit Union Law

Text

NOTE: §3805 eff. until July 1, 2026, if the const. amend. proposed by Acts 2025, No. 222,
is ratified.
§3805. Education Excellence Fund; prioritized plan for expenditure; legislative approval;
fund amounts and investment earnings credited to ineligible entities
A. As required by Article VII, Section 10.8(C)(3)(g) of the constitution, prioritized
plans for the expenditure of funds from the Education Excellence Fund which are prepared
and submitted to the state Department of Education and approved by the department shall
be approved by the legislature, as provided by law, prior to funds being distributed to any
school or school system. The consideration of such plans for approval shall be as provided
in this Section.
B.(1) After approving the expenditure plans submitted by schools and school
systems, the department shall submit the plans to the Senate Committee on Education and
the House Committee on Education for approval by November fifteenth of each year.
Approval by both committees shall be required.
(2) Upon receipt of those plans the committees shall meet, either separately or
jointly, to consider and act on the plans.
(3) Approval shall be by motion which may be offered for all plans considered at any
meeting in globo or may, at the discretion of the chairperson conducting the meeting, be
acted on separately. Approval by either committee, meeting separately, shall require a
favorable vote on the motion by a majority of the members present and voting, a quorum of
the committee being present. Approval by the two committees, meeting jointly, shall require
a favorable vote on the motion by a majority of the members thereof from each house present
and voting, each house voting separately, a quorum of the joint committee being present.
C. The plans shall be presented for consideration by the state Department of
Education.
D. The chairperson of either the Senate committee or the House committee may
invite other members of their respective houses to attend any meeting at which plans are
considered for approval, and, if invited, such members may participate as members in the
hearings. However, only members of the standing committees on education will be counted
in determining the number of votes necessary for approval and only such members may vote.
E.(1) A plan which has been approved as provided in this Section may be the basis
for the expenditure of any funds received in the coming year from the Education Excellence
Fund.
(2) Such a plan may be revised and continue to be the basis for expending funds in
the coming year upon a showing, satisfactory to the state Department of Education, that the
revision is either technical, as provided in this Paragraph, and does not require further
approval as provided in this Paragraph or that the planned expenditures are either no longer
possible or will not address the goal originally sought to be achieved. Those revisions which
are technical and do not require further approval are those that retain the essential aspects of
the original plan approved by the legislature which require only technical or minor revisions
that do not result in significant variation from the plan as presented to and approved by the
legislature. Such revisions may be accepted by the department as corrections which do not
require further legislative approval. Those revisions which significantly vary from the
original plan, once approved by the department, shall be submitted for the approval of
legislative committees as provided for the original approval in this Section.
F. To assure that Education Excellence Fund monies support excellence in
educational practice, fund amounts and investment earnings attributable to such amounts
credited by the state treasurer for a recipient entity shall revert to the fund whenever the
entity no longer meets the conditions required for such entity to be eligible for an allocation
from the fund.
NOTE: §3805 eff. July 1, 2026, if the const. amend. proposed by Acts 2025, No. 222, is
ratified.
§3805. Repealed by Acts 2025, No. 385, §5, eff. July 1, 2026.

Legislative History

Acts 2001, No. 765, §3, eff. June 26, 2001; Acts 2004, No. 384, §1, eff. June 23, 2004; Acts 2020, No. 58, §1, eff. June 5, 2020; Acts 2025, No. 385, §5, eff. See Act.