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ERIC Number: ED483581
Record Type: Non-Journal
Publication Date: 2004
Pages: 28
Abstractor: Author
Reference Count: 0
ISBN: N/A
ISSN: N/A
Louisiana Education Quality Trust Fund: Annual Report Fiscal Year 2004.
Kennedy, John
Louisiana State Department of Education
The Louisiana Education Quality Trust Fund (LEQTF) was established in 1986 by Louisiana voters to improve the quality of education in the state. The LEQTF receives funds through the Federal Outer Continental Shelf Lands Act and deposits them in what is known as the Permanent Fund. From this Permanent Fund, a separate Support Fund (also known as the 8(g) fund) was created to receive and hold 75 percent of the earnings from investment income and royalty income and 25 percent of the earnings from net capital gains/losses. Conversely, the Permanent Fund receives and holds 25 percent of the earnings from investment income and royalty income and 75 percent of the earnings from net capital gains/losses. Annual monetary allocations are made from the Support Fund to two state agencies: BESE for PreK through 12th grade (PreK?12) and Regents for all public higher education. This report documents the financial condition of the LEQTF and the activities sponsored by these two state agencies receiving allocations from the Support Fund.
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Louisiana Department of Treasury