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House Bill No. 962: Establishes a Statewide Educational Facilities Fund
Representative Karen Carter Peterson
Assigned to House Appropriations Committee Legislation
• This legislation establishes a fund in the state treasury known as the “Statewide Educational Facilities Fund” that will be used to provide state level funding for school construction and repairs throughout Louisiana.
• The fund will be used solely by the Louisiana Statewide Educational Facilities Authority (SEFA). The creation of the SEFA is currently under consideration in the form of SB 632.
Background
• In the 2007 Regular Session of the Louisiana Legislature, HCR 230 laid out plans for a task force to be convened to study Louisiana’s school facilities and make conclusions and recommendations based on best practices around the nation.
• The HCR 230 Task Force report included information on school facilities management from around the nation that revealed that 41 other states provide funding for school construction and have an authority to oversee and allocate those funds. This report was approved by BESE and submitted to the state legislature.
• Around the nation, authorities such as what is being considered in Louisiana are funded from a variety of means including sales taxes, corporate taxes, lottery revenues, gaming revenues and direct appropriations from the state legislature.
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