Louisiana education trust fund has best investment year in nearly 3 decades, Treasurer says

Article By: Lauren McGaughy | December 6, 2013 | Originally Posted on nola.com

A trust fund used to channel additional money to Louisiana’s K-12 and higher education boards brought in nearly $108 million in 2013, its highest ever yield, state Treasurer John Kennedy confirmed Thursday.

The Louisiana Education Quality Trust Fund, or LEQTF, was set up by lawmakers in 1986 using $540 million the state received from an oil and gas settlement with the federal government. A portion of the return on investment is doled out to the state K-12 and higher education boards to use for “education enrichment programs.”

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