§4072. Science, Technology, Engineering, and Mathematics Education Fund
A. The Science, Technology, Engineering, and Mathematics (STEM) Education
Fund is hereby created in the state treasury for the purpose of conducting student-focused,
project-based, programs and competitions in STEM subjects, including robotics, coding, and
design-build test projects, in grades prekindergarten through college level.
B.
(1)The source of monies deposited into the fund shall be legislative
appropriations. Monies in the fund shall be subject to appropriation by the legislature and
shall be available exclusively for programs and initiatives prescribed by the Louisiana
Science, Technology, Engineering, and Mathematics Advisory Council.
(2)The treasurer is hereby authorized to establish a separate account wit
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§4072. Science, Technology, Engineering, and Mathematics Education Fund
A. The Science, Technology, Engineering, and Mathematics (STEM) Education
Fund is hereby created in the state treasury for the purpose of conducting student-focused,
project-based, programs and competitions in STEM subjects, including robotics, coding, and
design-build test projects, in grades prekindergarten through college level.
B.(1) The source of monies deposited into the fund shall be legislative
appropriations. Monies in the fund shall be subject to appropriation by the legislature and
shall be available exclusively for programs and initiatives prescribed by the Louisiana
Science, Technology, Engineering, and Mathematics Advisory Council.
(2) The treasurer is hereby authorized to establish a separate account within the fund
for the deposit of grants and donations received by the Louisiana Science, Technology,
Engineering, and Mathematics Advisory Council. If the terms and conditions of the grant or
donation or the agreements pertaining thereto require that the monies not be deposited into
the treasury, the grant or donation may nevertheless be deposited into the fund. Monies in
this separate account shall not be subject to legislative appropriation but shall be used by the
council only to further their mission.
C. All unexpended and unencumbered monies in the fund at the end of the fiscal year
shall remain in the fund. Such monies shall be invested by the state treasurer in the same
manner as monies in the state general fund, and interest earned on the investment of these
monies shall be credited to the fund, after compliance with the requirements of Article VII,
Section 9(B) of the Constitution of Louisiana, relative to the Bond Security and Redemption
Fund.
D. The council shall adopt a resolution stating which members or officers are
authorized to withdraw money from the fund and the separate account in the fund, which
resolution shall be submitted to the state treasury. Monies in the fund and the separate
account shall only be used by the council to further their mission.
NOTE: See Acts 2017, No. 392, §3, that provides that the Act does not supercede
the powers of the State Board of Elementary and Secondary Education, the Board of
Regents, or the postsecondary education management boards as prescribed by law.