NOTE: §407.30.2 eff. upon ratification of the const. amend. proposed by Acts 2025, No. 222.

§407.30.2. Early Childhood Education Stability Fund

            A. There is hereby established in the state treasury as a special fund the Early Childhood Education Stability Fund, hereafter referred to in this Section as the "fund".

            B. After satisfying the requirements of the Bond Security and Redemption Fund as provided in Article VII, Section 9(B) of the Constitution of Louisiana, monies shall be deposited into the fund as follows:

            (1) Beginning July 1, 2026, and continuing each July first thereafter the treasurer shall transfer an amount equal to eleven million dollars into the fund from the state general fund.

            (2) Monies designated for the fund and received by the state treasurer from donations, gifts, grants, or other revenue.

            C. Monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited into the fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.

            D. Monies in the fund shall be appropriated to the State Board of Elementary and Secondary Education, the Department of Education, or both for early childhood education programs and initiatives.

            Acts 2025, No. 385, §1, eff. See Act.