LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 346 HLS 22RS 894
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: June 3, 2022 10:17 AM Author: THOMPSON
Dept./Agy.: Education
Subject: Postsecondary Financial Assistance Analyst: Tim Mathis
STUDENT/LOANS-SCHOLARSHP EN SEE FISC NOTE GF EX See Note Page 1 of 1
Provides for a program and a fund for the purpose of providing scholarships for students in approved teacher preparation
programs
Proposed law establishes the “Geaux Teach Program” to provide scholarships to students in teacher preparation programs at
postsecondary education institutions that are approved by the Board of Elementary and Secondary Education (BESE).
Provides for administration of the program by the Board of Regents through the Office of Student and Financial Assistance
(LOSFA), which shall provide for application requirements, eligibility criteria, and selection of scholarship recipients; no more
than 3% of available funding for the program may be used for administrative costs. Provides that up to 20% of awards may
be used for students enrolled in certified alternative teacher certification programs. Provides for student eligibility.
Scholarship awards shall be applicable only to the cost of tuition, required fees, and textbooks and instructional materials;
awards shall be used only after all other financial aid and awards are applied and only for any remaining balance due for
tuition and required fees. Creates the Geaux Teach Fund within the state treasury to receive appropriations. Requires LOSFA
to adopt rules and regulations for implementation. Effective upon governor's signature.
EXPENDITURES 2022-23 2023-24 2024-25 2025-26 2026-27 5 -YEAR TOTAL
State Gen. Fd. SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total
REVENUES 2022-23 2023-24 2024-25 2025-26 2026-27 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total
EXPENDITURE EXPLANATION
Proposed law may result in increased SGF and statutory dedications expenditures for the Board of Regents through the
Office of Student and Financial Assistance (LOSFA) to administer the Geaux Teach Fund. Monies in the fund shall be subject
to appropriation by the legislature for the purpose of awarding scholarships to students in teacher preparation programs at
postsecondary institutions.
The proposed legislation would allow LOSFA to utilize up to 3% of funding available for the program for costs associated with
administering the program. For illustrative purposes, through the $1,250,000 appropriation for the program in FY 23, LOSFA
may utilize up to $37,500 for costs associated with administering the scholarship program, and the remaining $1,212,500
for scholarships. To the extent LOSFA is able to absorb any administrative costs with existing staff, administrative costs may
be less or nonexistent. If funding for the program becomes significant, LOSFA may require a full-time position at that time.
Creating a new statutory dedication within the state treasury will result in a marginal workload increase for the Department
of Treasury, which can generally be absorbed within existing resources. However, to the extent other legislative instruments
create new statutory dedications, there may be material additional costs associated with the aggregate effort to administer
these funds. The Treasury performs fund accounting, financial reporting, banking and other custodial functions for 436
special funds. When unable to absorb additional workload with existing resources, the Treasury anticipates it will be required
to add one T.O. position at a total personnel services cost of approximately $73,000, plus approximately $2,450 for a one-
time purchase of office equipment. These expenditures are assumed to be SGF in this fiscal note.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure. Proposed law creates
the Geaux Teach Fund but does not provide a recurring source of revenues.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
13.5.2 >= $500,000 Annual Tax or Fee Evan Brasseaux
6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Interim Deputy Fiscal Officer