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HB 7 - Authorizes a Constitutional Amendment to Repeal the Education Quality Trust Fund - Louisiana Key Vote

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Title: Authorizes a Constitutional Amendment to Repeal the Education Quality Trust Fund

Vote Smart's Synopsis:

Vote to pass a bill that authorizes a constitutional amendment to repeal the Education Quality Trust Fund that supports early childhood education, taxes on prescription medications, and the standard deduction for those 65 and older, and allows various trust funds to go towards paying down around $2 billion in debt from the teacher retirement system.

Highlights:

  • Authorizes a constitutional amendment to be approved by voters to repeal the Education Quality Trust Fund that supports early childhood education, taxes on prescription medications, and the standard deduction for those 65 and older (Sec. 2-10).

  • Specifies that various trust funds go towards paying down around $2 billion in debt from the teacher retirement system (Sec. 2-10).

  • Requires that with that debt reduced school systems will then have additional funds to go towards teacher pay increases of $2,000 and $1,000 for support staff (Sec. 2-10).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 11).

NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES TWO-THIRDS APPROVAL IN EACH CHAMBER FOR PASSAGE. IT MUST THEN BE APPROVED BY A MAJORITY OF CITIZENS VOTING IN THE NEXT ELECTION TO BE ENACTED.

Full Bill Text

Title: Authorizes a Constitutional Amendment to Repeal the Education Quality Trust Fund

NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES TWO-THIRDS APPROVAL IN EACH CHAMBER FOR PASSAGE. IT MUST THEN BE APPROVED BY A MAJORITY OF CITIZENS VOTING IN THE NEXT ELECTION TO BE ENACTED.

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