RS 17:354 Academic improvement fund; creation; purpose; uses - Louisiana Statutes

§354.  Academic Improvement Fund; creation; purpose; uses

A.  The "Academic Improvement Fund", hereinafter referred to as the "fund", is hereby created within the state treasury.  The source of monies deposited into the fund shall be legislative appropriation.  Monies in the fund shall be subject to appropriation by the legislature and shall be available exclusively for programs which provide opportunities to students to acquire the skills to achieve academic success and become employable, productive, and responsible citizens.

B.  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.

C, D.  Repealed by Acts 2001, No. 1182, §9, eff. July 1, 2001.

Acts 1997, No. 473, §1, eff. June 30, 1997; Acts 1998, 1st Ex. Sess., No. 52, §1, eff. April 28, 1998; Acts 2001, No. 1182, §§2 and 9, eff. July 1, 2001.