The Kevin P. Reilly, Sr. Louisiana Education Quality Trust Fund (LEQTF)
The LEQTF was created in 1986 by an Act of the Louisiana Legislature and an amendment to the Louisiana Constitution. Investment income generated by the fund is dedicated to the sole purpose of providing educational enrichment programs. The Act established as beneficiaries the Board of Elementary and Secondary Education (BESE) and the Board of Regents (Regents). In addition, the Act also provided for the investment of these funds by the State Treasurer. The LEQTF was established with roughly $540 million and has grown to approximately $1.4 billion, while paying out more than $1.6 billion to Regents and BESE.
The Investments Division manages over $6.5 billion in investments in over 30 portfolios. These funds range in size and include the funds that make up the state’s general fund and state trust funds for health care, education, and transportation. The Investments Division also manages the investments in the START college savings program.