LAC 4:XXV.109. Fund Reporting

A. The fund administrator shall submit the annual report to the legislature, on or before December thirty-first, relative to fund activities for the prior fiscal year, including but not limited to the following: 1. the number of loan applications filed in the preceding year; 2. the number of loans executed in the preceding year, the amounts loaned to each eligible charter school, and the total amount of loan funds expended in accordance with the provisions of this Section; 3. the collection rate of the loans; 4. the balance of the fund at the time such report is submitted and the viability of the fund at that time; and 5. an evaluation of financial accountability measures and the effectiveness of the loan program.