LAC 28:CXXXIX.3903. Requirements for Corporate Partnerships

A. A corporate partner is any legal entity except for a corporation identified in R.S. 18:1505.2(L)(3), whether for profit or not for profit, registered with the secretary of state, a regional airport, or any federal or state agency, including a public postsecondary education institution, that has, acting individually or as part of a consortium of corporations, donated or provided one or more of the following to the school: 1. the land on which the school is built; 2. the school building or the space the school occupies. If the corporate partner is leasing the building or space to the school, the enrollment preference or board membership may only be provided in the charter agreement if the lease provides that the building or space is made available without cost and if the term of the lease is not less than the duration of the charter agreement; 3. major renovations to the existing school building or other capital improvements including major investments in technology. B. For purposes of this Chapter, a major renovation to the existing school building means changes that provide significant opportunities for substantial improvement including but not limited to: 1. a structural change to the foundation, roof, floor, or interior or exterior walls or extension of an existing facility to increase its floor area; 2. an extensive alteration of an existing facility, such as a change in its function or purpose, even if such renovation does not include any structural change to the facility. C. A major investment in technology includes but is not limited to a donation of: 1. hardware; 2. software; 3. internet access; 4. internet hardware; 5. enterprise systems; 6. software licenses; 7. smart board technology; or 8. audiovisual equipment. D. The value of a major renovation or of an investment of technology shall be equal to at least 50 percent of the per pupil allocation of state funds by the minimum foundation program formula for that year for the parish in which the school is located multiplied by the school's enrollment as defined in the charter agreement.