A. The board of directors of the Louisiana School for Math, Science, and the Arts annually shall prepare and adopt a recommended formula to adequately fund the educational programs at the school. The formula shall have as its goal to provide state funding for the school which shall not be less than the average funding on a per student basis at peer institutions in other states having similar programs and enrollments and may provide for achieving its goal over a multi-year period.
B.(1) The recommended formula shall be submitted to the State Board of Elementary and Secondary Education for review and approval and shall be returned to the board of directors of the school on a timely basis for submission of the 1994-1995 budget request for the school. Prior to approval of the formula by the State Board of Elementary and Secondary Education, the board may return the formula adopted by the board of directors to the board of directors and may recommend to the board of directors an amended formula for consideration by the board of directors and submission to the State Board of Elementary and Secondary Education for approval.
(2) Subsequent to the approval of the initial formula as required by this Section, whenever the State Board of Elementary and Secondary Education fails to approve the formula most recently adopted by the board of directors, the last formula adopted by the board of directors and approved by the State Board of Elementary and Secondary Education shall be used to adequately fund the educational programs at the school.
C. The board of directors of the school shall include in its annual budget request sufficient monies to fully fund the cost to the state for the school based on the adopted and approved formula. Such budget request shall also be submitted to the Joint Legislative Committee on the Budget.
D. If the State Board of Elementary and Secondary Education fails to approve the formula as provided by this Section, the board of directors shall prepare its annual budget request as otherwise provided by law.
E. The amount of funding for any budget request submitted as provided in this Section shall be determined by the legislature.
A. The board of directors of the Louisiana School for Math, Science, and the Arts annually shall prepare and adopt a recommended formula to adequately fund the educational programs at the school. The formula shall have as its goal to provide state funding for the school which shall not be less than the average funding on a per student basis at peer institutions in other states having similar programs and enrollments and may provide for achieving its goal over a multi-year period.
B.(1) The recommended formula shall be submitted to the State Board of Elementary and Secondary Education for review and approval and shall be returned to the board of directors of the school on a timely basis for submission of the 1994-1995 budget request for the school. Prior to approval of the formula by the State Board of Elementary and Secondary Education, the board may return the formula adopted by the board of directors to the board of directors and may recommend to the board of directors an amended formula for consideration by the board of directors and submission to the State Board of Elementary and Secondary Education for approval.
(2) Subsequent to the approval of the initial formula as required by this Section, whenever the State Board of Elementary and Secondary Education fails to approve the formula most recently adopted by the board of directors, the last formula adopted by the board of directors and approved by the State Board of Elementary and Secondary Education shall be used to adequately fund the educational programs at the school.
C. The board of directors of the school shall include in its annual budget request sufficient monies to fully fund the cost to the state for the school based on the adopted and approved formula. Such budget request shall also be submitted to the Joint Legislative Committee on the Budget.
D. If the State Board of Elementary and Secondary Education fails to approve the formula as provided by this Section, the board of directors shall prepare its annual budget request as otherwise provided by law.
E. The amount of funding for any budget request submitted as provided in this Section shall be determined by the legislature.
A. The board of directors of the Louisiana School for Math, Science, and the Arts annually shall prepare and adopt a recommended formula to adequately fund the educational programs at the school. The formula shall have as its goal to provide state funding for the school which shall not be less than the average funding on a per student basis at peer institutions in other states having similar programs and enrollments and may provide for achieving its goal over a multi-year period.
B.(1) The recommended formula shall be submitted to the State Board of Elementary and Secondary Education for review and approval and shall be returned to the board of directors of the school on a timely basis for submission of the 1994-1995 budget request for the school. Prior to approval of the formula by the State Board of Elementary and Secondary Education, the board may return the formula adopted by the board of directors to the board of directors and may recommend to the board of directors an amended formula for consideration by the board of directors and submission to the State Board of Elementary and Secondary Education for approval.
(2) Subsequent to the approval of the initial formula as required by this Section, whenever the State Board of Elementary and Secondary Education fails to approve the formula most recently adopted by the board of directors, the last formula adopted by the board of directors and approved by the State Board of Elementary and Secondary Education shall be used to adequately fund the educational programs at the school.
C. The board of directors of the school shall include in its annual budget request sufficient monies to fully fund the cost to the state for the school based on the adopted and approved formula. Such budget request shall also be submitted to the Joint Legislative Committee on the Budget.
D. If the State Board of Elementary and Secondary Education fails to approve the formula as provided by this Section, the board of directors shall prepare its annual budget request as otherwise provided by law.
E. The amount of funding for any budget request submitted as provided in this Section shall be determined by the legislature.
