RS 2351.41 - Lead Hazard Reduction Fund
A. There is hereby created within the state treasury the Lead Hazard Reduction Fund. Funds received under this Part shall be deposited into the state treasury.
B. After compliance with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond Security and Redemption Fund, and prior to monies being placed in the state general fund, an amount equal to that deposited as required by Subsection A of this Section shall be credited to a special fund hereby created in the state treasury to be known as the "Lead Hazard Reduction Fund". The monies in this fund shall be used solely as provided in Subsection C of this Section. All unexpended and unencumbered monies in this fund at the end of the fiscal year shall remain in the fund. The monies in this fund shall be invested by the state treasurer in the same manner as monies in the state general fund, and interest earned on the investment of these monies shall be credited to the fund.
C. The monies in the Lead Hazard Reduction Fund shall be used solely for the purpose of funding the programs and activities provided for in this Chapter, as determined by the secretary.
NOTE: Part III Heading and §2351.41 as amended by Acts 2021, No. 114, eff. July 1, 2022.
PART III. LEAD HAZARD REDUCTION DEDICATED FUND ACCOUNT
RS 2351.41 - Lead Hazard Reduction Dedicated Fund Account
A. There is hereby created within the state treasury a special statutorily dedicated fund account designated as the Lead Hazard Reduction Dedicated Fund Account, hereafter referred to in this Part as the "account". Funds received pursuant to the provisions of this Part shall be deposited into the state treasury.
B. After compliance with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond Security and Redemption Fund, and prior to monies being placed in the state general fund, an amount equal to that deposited as required by Subsection A of this Section shall be credited to the account. The monies in this account shall be used solely as provided in Subsection C of this Section. All unexpended and unencumbered monies in the account at the end of the fiscal year shall remain in the account. The monies in the account shall be invested by the state treasurer in the same manner as monies in the state general fund, and interest earned on the investment of these monies shall be credited to the account. Monies deposited into the account shall be categorized as fees and self-generated revenue for the sole purpose of reporting related to the executive budget, supporting documents, and general appropriation bills and shall be available for annual appropriation by the legislature.
C. The monies in the account shall be used solely for the purpose of funding the programs and activities provided for in this Chapter, as determined by the secretary.
Acts 1993, No. 224, §1; Acts 1995, No. 1085, §1; Acts 2021, No. 114, §6, eff. July 1, 2022.