In the fall of 1986, Louisiana’s constitution was amended to establish in the State treasury two funds: the Louisiana Educational Quality Trust Fund (LEQTF) and the Louisiana Education Quality Support Fund, also known as the Board of Regents Support Fund. The Trust Fund was established with approximately $550 million received in settlement of the State’s offshore drilling dispute with the Federal government, and the Support Fund was established with 75% of the interest earned from the investment of monies in the Trust Fund and 75% of any recurring revenues. Since its inception, the Support Fund has provided more than $700 million to Louisiana’s colleges and universities to support their educational and research missions.
