Present Constitution establishes the Millennium Trust in the state treasury as a special permanent trust and
provides that monies received as a result of the tobacco Master Settlement Agreement shall be deposited in and credited to the Millennium Trust.

Present Constitution establishes the Education Excellence Fund as a special fund within the Millennium Trust and requires the treasurer to credit one-third of the proceeds from the tobacco Master Settlement Agreement and one-third of all investment earnings on the investment of the Millennium Trust to the Education Excellence Fund.

Present Constitution provides that appropriations from the Education Excellence Fund shall be limited to:
1) Fifteen percent appropriated to the state superintendent of education for distribution to all children attending private elementary and secondary schools that have been approved by the State Board of Elementary and Secondary Education, both academically and as required for such school to receive money from the state;

2) appropriations made each year of $75,000.00 plus an allocation for each pupil equal to the average statewide per pupil amount provided each city, parish, and local school system to the Louisiana School For the Deaf, the Louisiana School for the Visually Impaired, the Louisiana Special Education Center in Alexandria, the Louisiana School for Math, Science and the Arts, the New Orleans Center for Creative Arts and the Louis Armstrong High School for the Arts, after the schools are operational;

3) appropriations made for independent public schools which have been approved by the State Board of Elementary and Secondary Education or any city, parish, or other local school system and for alternative schools and programs which are authorized and approved by the State Board of Elementary and Secondary Education but are not subject to the jurisdiction and management of any city, parish, or local school system, to provide an allocation for each pupil which shall be the average statewide per pupil amount provided in
each city, parish, or local school system; and

4) monies appropriated from the Education Excellence Fund shall be restricted to expenditure for pre-kindergarten through twelfth grade instructional enhancement for students, including early childhood education programs focused on enhancing the preparation of at-risk children for school, remedial instruction, and assistance to children who fail to achieve the required scores on any tests passage of which are required pursuant to state law or rule for advancement to a succeeding grade or other educational programs approved by the legislature.

Proposed Constitutional Amendment provides an appropriation from the Education Excellence Fund each year of $75,000.00 plus an allocation for each pupil equal to the average statewide per pupil amount provided each city, parish, and local school system to the Louisiana Educational Television Authority and Thrive Academy. Further provides for the change of the name of the Louisiana School for Math, Science, and the Arts to the Jimmy D. Long, Sr. Louisiana School for Math, Science, and the Arts.

Proposed Constitutional Amendment provides an allocation from the Education Excellence Fund for each pupil which shall be the average statewide per pupil amount provided in each city, parish, or local school system for laboratory schools approved by the State Board of Elementary and Secondary Education and operated by a public postsecondary education institution.

Proposed Constitutional Amendment changes the reference from each recipient school or school system to each recipient entity in the paragraph providing for a prioritized plan for expenditure of funds from the Education Excellence Fund and requiring approval of the plan for the recipient entity before funds are distributed to the entity.

Proposed Constitutional Amendment repeals Article VII, Section 10.8(C)(3)(d) of the Constitution of Louisiana which refers to appropriations of remaining funds made to the state superintendent of education for distribution beginning Fiscal Year 2000-2001 and for each fiscal year through the end of Fiscal Year 2006-2007