reglab/statecodes huggingface dataset:
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.32. Staff; counsel; assistance by state officers, departments and agencies; auditors; consultants

RS 39:99.32 - Staff; counsel; assistance by state officers, departments and agencies; auditors; consultants
A. The staff of the Department of the Treasury, including that of the State Bond Commission, may, pursuant to a cooperative endeavor agreement, serve as staff to the corporation under the supervision of the state treasurer.
B. The attorney general shall, pursuant to a cooperative endeavor agreement, serve as counsel to the corporation, and subject to approval of the State Bond Commission and the attorney general, the corporation may employ or retain such other attorneys as it may deem necessary and fix their compensation.
C. State officers, departments and agencies may render support and services to the corporation within their respective functions, as requested by the corporation.
D. The books and accounts of the corporation shall be subject to audit not less than annually by the legislative auditor in accordance with R.S. 24:513. The corporation shall submit to the governor, the attorney general and the Legislative Audit Advisory Council, within thirty days of its receipt, a copy of every final external audit of the books and accounts of the corporation, other than copies of the reports of examinations of the legislative auditor.
E. The corporation may employ or retain such professionals, consultants, agents, financial advisers and accountants as it may deem necessary to carry out its duties under this Subpart and, the provisions of any other law to the contrary notwithstanding, may determine their duties and compensation subject only to the approval of the State Bond Commission.
F. The corporation shall be subject to the Code of Governmental Ethics (R.S. 42:1101, et seq.), the Open Meetings Law (R.S. 42:11, et seq.), the Public Records Law (R.S. 44:1, et seq.), and the Bond Validation Procedures Law (R.S. 13:5121, et seq.).
Acts 2007, No. 249, §1, eff. July 6, 2007.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.33. Exemption from taxation

RS 39:99.33 - Exemption from taxation
The exercise of the powers and authorities granted by this Subpart shall be in all respects for the benefit of the citizens of the state of Louisiana and for the promotion of their welfare, convenience and prosperity. Property of the corporation, whether immovable, personal, tangible or intangible, and the income, earnings and operations of the corporation, shall be exempt from all taxation, fees or assessments, or any other similar charges.
Acts 2007, No. 249, §1, eff. July 6, 2007.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.34. Bankruptcy

RS 39:99.34 - Bankruptcy
Prior to the date that is one year and one day after which the corporation no longer has any bonds outstanding, the corporation is prohibited from filing and shall have no authority to file a voluntary petition under the federal bankruptcy code as it may, from time to time, be in effect, and neither any public official nor any organization, entity or other person shall authorize the corporation to be or to become a debtor under the federal bankruptcy code during such period. The provisions of this Section shall be part of any contractual obligation owed to the holders of bonds issued under this Subpart. Any such contractual obligation shall not subsequently be modified by state law during the period of the contractual obligation, and the state of Louisiana hereby covenants with the holders that the state shall not limit or alter the denial of authority under this Section during the period referred to in the first sentence hereof.
Acts 2007, No. 249, §1, eff. July 6, 2007.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.35. Exclusive jurisdiction and venue; service of process; bond validation actions

RS 39:99.35 - Exclusive jurisdiction and venue; service of process; bond validation actions
The Nineteenth Judicial District Court for the state of Louisiana shall have exclusive jurisdiction and venue of any suit or action of any nature brought by or against the corporation. Any suit or action to determine or contest the validity of bonds of the corporation shall be brought and conducted only in accordance with Louisiana R.S. 13:5121, et seq.
Acts 2007, No. 249, §1, eff. July 6, 2007.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.36. Sale of offshore royalty revenue assets

RS 39:99.36 - Sale of offshore royalty revenue assets
A. The State Bond Commission subject to approval of the Joint Legislative Committee on the Budget and subject to approval by a majority vote of the legislature if the legislature is in session and by mail ballot during the interim, is authorized to sell and convey, from time to time, a portion of the state allocation to the corporation, up to one hundred percent thereof from and after such date, and, in particular, to execute and deliver an agreement on the closing date. The agreement shall provide, among other matters, that the purchase price payable by the corporation to the state for the offshore assets sold, up to one hundred percent of the state allocation from and after such date, shall consist of the net proceeds, after financing costs, of the first issue of Offshore Royalty Revenue bonds and the residual interests to be paid and transferred semiannually pursuant to the provisions of this Subpart.
B. Any sale of Offshore Royalty Revenue assets hereunder shall be treated as a true sale and absolute conveyance and transfer of the property, and all of the right, title and interest in and to such property, so conveyed and transferred, and not as a pledge or any other security interest or lien for borrowing. The characterization of such a sale as an absolute transfer by the parties and herein shall not be negated or adversely affected if less than all of the state allocation is conveyed and transferred, nor by the state's acquisition of residual interests or a subordinate interest in the Offshore Royalty Revenue assets, nor by any characterization of the corporation or its bonds for purposes of accounting, taxation or securities regulation, nor by any other factor whatsoever.
Acts 2007, No. 249, §1, eff. July 6, 2007.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.37. Ownership of Offshore Royalty Revenue assets and Offshore Royalty Revenue payments

RS 39:99.37 - Ownership of Offshore Royalty Revenue assets and Offshore Royalty Revenue payments
On and after the effective date of each sale of Offshore Royalty Revenue assets, the state of Louisiana shall have no right, title or interest in or to the Offshore Royalty Revenue assets sold and conveyed; and the Offshore Royalty Revenue payments shall be property of the corporation and not of the state, and shall be owned, received, held and disbursed by the corporation or the indenture trustee and not the state or the state treasury. On or before the closing date and the effective date of any subsequent sale, the state, through, the attorney general shall notify the Department of the Interior or any successor agency that the Offshore Royalty Revenue assets have been sold and conveyed to the corporation, irrevocably instruct such Department of the Interior or any successor agency that, subsequent to the closing date or other effective date, the Offshore Royalty Revenue payments are to be paid directly to the corporation or to the indenture trustee or other designee for the account of the corporation, and take such other actions necessary and appropriate to effectuate such notice and instruction.
Acts 2007, No. 249, §1, eff. July 6, 2007.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.39. Security for payment of bonds; provisions of trust indenture or resolution

RS 39:99.39 - Security for payment of bonds; provisions of trust indenture or resolution
A. In the discretion of the board, any bonds issued, and any ancillary contracts or derivative instruments made under the provisions of this Subpart, may be secured by a trust indenture by and between the corporation and the indenture trustee, which may be any trust company or bank having the powers of a trust company, whether located within or without the state. Such trust indenture, or the resolution of the board providing for the issuance of such bonds, may:
(1) Pledge or assign all or any part of the income or other assets of the corporation available for such purpose.
(2) Provide for the creation and maintenance of such reserves as the board shall determine to be proper.
(3) Include covenants setting forth the duties of the corporation in relation to the bonds, the income of the corporation, and the Offshore Royalty Revenue assets.
(4) Contain provisions respecting the custody, safeguarding and application of all monies and securities and such provisions for protecting and enforcing the rights and remedies (pursuant thereto and to the related agreement) of the holders and other beneficiaries as may be reasonable and proper and not in violation of law.
(5) Contain such other provisions as the corporation may deem reasonable and proper for priorities and subordination among the holders and other beneficiaries. Any reference in this Subpart to a resolution of the board shall include any trust indenture authorized thereby.
B. Any pledge or security interest made by the corporation shall be valid and binding from the time when the pledge or security interest is made. The income or other assets so pledged and then or thereafter received by the corporation shall immediately be subject to the lien of such pledge or security interest without any physical delivery thereof or further act, and the lien of any such pledge or security interest shall be valid and binding as against all parties asserting or having claims of any kind in tort, contract or otherwise against the corporation, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge or security interest is created need be recorded or filed to perfect such pledge or security interest.
C. Whether or not the bonds are of such form and character as to be negotiable instruments under the provisions of the Uniform Commercial Code, the bonds are hereby made negotiable instruments for all purposes, subject only to the provisions of the bonds for registration.
Acts 2007, No. 249, §1, eff. July 6, 2007.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.40. Ancillary contracts and derivative instruments

RS 39:99.40 - Ancillary contracts and derivative instruments
A. The corporation may enter into, amend, or terminate, as it determines to be necessary or appropriate, any ancillary contracts (i) to facilitate the issuance, sale, resale, purchase, repurchase, or payments of bonds, including without limitation bond insurance, letters of credit and liquidity facilities, or (ii) to attempt to hedge risk or achieve a desirable effective interest rate or cash flow, subject to approval of the State Bond Commission and the Joint Legislative Committee on the Budget. The determination of the board, so approved, that an ancillary contract or the amendment or termination thereof is necessary or appropriate as aforesaid shall be conclusive. Such contracts shall be made upon the terms and conditions established by the board and approved by the State Bond Commission and the Joint Legislative Committee on the Budget, including without limitation provisions as to security, default, termination, payment, remedy and consent to service of process.
B. The corporation may enter into, amend or terminate, any derivative instrument that it determines to be necessary or appropriate to place the obligations or investments of the corporation, as represented by the bonds or the investment of their proceeds, in whole or in part, on the interest rate, cash flow or other basis desired by the board, which contract may include without limitation contracts commonly known as interest rate swap agreements, and futures or contracts providing for payments based on levels of, or changes in, interest rates, subject to approval of the State Bond Commission. These contracts or arrangements may be entered into by the corporation, subject to approval of the State Bond Commission and the Joint Legislative Committee on the Budget, in connection with, or incidental to, entering into, or maintaining any (i) agreement which secures bonds or (ii) investment or contract providing for investment otherwise authorized by law. The determination of the board, so approved, that a derivative instrument or the amendment or termination thereof is necessary or appropriate as aforesaid shall be conclusive. These contracts and arrangements may contain such payment, security, default, remedy, and other terms and conditions as determined by the board and approved by the State Bond Commission and the Joint Legislative Committee on the Budget, after giving due consideration to the creditworthiness of the counterparty or other obligated party, including any rating by any nationally recognized rating agency, and any other criteria as may be appropriate.
Acts 2007, No. 249, §1, eff. July 6, 2007.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.43. Bonds exempt from taxation

RS 39:99.43 - Bonds exempt from taxation
The bonds, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free and exempt from taxation by the state of Louisiana and by any other political subdivision of the state.
Acts 2007, No. 249, §1, eff. July 6, 2007; Acts 2017, No. 357, §1.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.44. Bond and other proceeds received by the state

RS 39:99.44 - Bond and other proceeds received by the state
All proceeds and monies received by the state, whether received as purchase price for assets sold or as the residual interests or in any other way pursuant to this Subpart, shall be deposited in and credited to the Coastal Protection and Restoration Fund.
Acts 2007, No. 249, §1, eff. July 6, 2007; Acts 2017, No. 357, §1.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.45. Pledge and agreement

RS 39:99.45 - Pledge and agreement
A. The state covenants and agrees with the corporation, and the holders of the bonds in which the corporation has included such pledge and agreement, that the state will (i) irrevocably direct the U.S. Department of the Interior or any successor agency to transfer all conveyed Offshore Royalty Revenue payments directly to the corporation or its assignee, (ii) enforce the corporation's rights to receive the Offshore Royalty Revenue payments to the full extent permitted by the law, (iii) not amend the state law in any manner that would materially impair the rights of the holders, (iv) not limit or alter the rights of the corporation to fulfill the terms of its agreements with such holders, and (v) not in any way impair the rights and remedies of such holders or the security for such bonds until such bonds, together with the interest thereon and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully paid and discharged.
B. Notwithstanding the provisions of any law or statute applicable to or constituting any limitation upon the sale of bonds or notes, or upon the execution of related documentation and agreements, any parish and other local governing entity that is a coastal political subdivision is hereby authorized to sell to the corporation all or a portion of their twenty percent of the allocable share due the state of Louisiana pursuant to the Gulf of Mexico Energy Security Act of 2006.
Acts 2007, No. 249, §1, eff. July 6, 2007; Redesignated from R.S. 39:99.43 pursuant to Acts 2017, No. 357, §2.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:99.46. Construction and effect

RS 39:99.46 - Construction and effect
This Subpart and all powers granted hereby shall be liberally construed to effectuate its and their purposes, without implied limitations thereon. This Subpart shall constitute full and complete authority for all things herein contemplated to be done. All rights and powers herein granted shall be cumulative with those derived from other sources and shall not, except as expressly stated herein, be construed in limitation thereof. Insofar as the provisions of this Subpart are inconsistent with the provisions of any other law, general or special, the provisions of this Subpart shall be controlling. If a provision of this Subpart or its application is held invalid, the invalidity shall not affect other provisions or application of this Subpart which can be given effect without the invalid provisions or application.
Acts 2007, No. 249, §1, eff. July 6, 2007; Redesignated from R.S. 39:99.44 pursuant to Acts 2017, No. 357, §2.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.11. Jean Boudreaux Settlement Compromise Fund; purpose

RS 39:100.11 - Jean Boudreaux Settlement Compromise Fund; purpose
A. There is hereby created in the state treasury, as a special fund, the "Jean Boudreaux Settlement Compromise Fund", hereinafter referred to in this Section as the "fund".
B. Notwithstanding any provision of law to the contrary, the state treasurer is hereby authorized and directed to transfer $15,000,000 from the state general fund (direct) into the fund.
C. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on investment of monies in the fund shall be credited to the fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.
D. Monies in the fund shall be used for payment of amounts due pursuant to a compromise agreement regarding the judgment captioned "Jean Boudreaux and the Victims of the Flood on April 6, 1983 on the Tangipahoa River versus the State of Louisiana, Department of Transportation, et al.", rendered on June 10, 2005, bearing Number 2004 CA 0985, on the docket of the Court of Appeal, First Circuit, state of Louisiana. The monies payable pursuant to this Section shall be paid to the plaintiffs through Hancock Bank, as escrow agent, into escrow account number 1097000229. Payment shall be made as to this judgment only after presentation to the state treasurer of documentation required by the state treasurer. Payments out of the fund shall not be made without prior approval of the compromise agreement by the Joint Legislative Committee on the Budget.
Acts 2021, No. 114, §20, eff. June 7, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.21. Overcollections Fund

RS 39:100.21 - Overcollections Fund
A. The Overcollections Fund, hereinafter referred to as the "fund", is hereby created in the state treasury. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on investment of monies in the fund shall be deposited in and credited to the state general fund. Except as otherwise provided in this Section, unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.
B. Repealed by Acts 2018, No. 642, §4, eff. June 2, 2018.
Acts 2004, No. 585, §2, eff. July 1, 2004; Acts 2005, No. 179, §12, eff. June 28, 2005; Acts 2006, No. 639, §1, eff. June 27, 2006; Acts 2007, No. 196, §1, eff. June 27, 2007; Acts 2008, No. 424, §1, eff. June 21, 2008; Acts 2017, 2nd Ex. Sess., No. 1, §5, eff. July 1, 2017; Acts 2018, No. 642, §4, eff. June 2, 2018.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.26. Louisiana Superdome Fund; purpose

RS 39:100.26 - Louisiana Superdome Fund; purpose
A. There is hereby created in the state treasury, as a special fund, the "Louisiana Superdome Fund", hereinafter referred to in this Section as the "fund".
B. Notwithstanding any provision of law to the contrary, the proceeds received by the state from the final disposition of the following pending matters: Jazz Casino Company, LLC v. Secretary, Department of Revenue, State of Louisiana, 19th JDC, Docket No. 597,371; Jazz Casino Company, LLC v. Secretary, Department of Revenue, State of Louisiana, 19th JDC, Docket 622,075; Jazz Casino Company, LLC v. Secretary, Department of Revenue, State of Louisiana, BTA Docket 9562D; JCC Fulton Development, LLC v. Secretary, Department of Revenue, State of Louisiana, 19th JDC, Docket No. 597,372; JCC Fulton Development, LLC v. Secretary, Department of Revenue, State of Louisiana, 19th JDC, Docket No. 622,076; JCC Fulton Development, LLC v. Secretary, Department of Revenue, State of Louisiana, BTA Docket No. 9562D; and Secretary, Department of Revenue, State of Louisiana v. Jazz Casino Company, LLC and JCC Fulton Development, LLC, 19th JDC, Docket No. 670,597 (hereinafter the "Jazz Casino Litigation"), shall be deposited into the fund. No proceeds shall be deposited into the fund resulting from the Jazz Casino Litigation that are attributable to outstanding debt secured by and payable from such proceeds, court costs, or attorney fees.
C. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on investment of monies in the fund shall be credited to the fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.
D. Monies in the fund may be used to partially defray the cost of upgrades to certain state facilities or for operational costs by the Louisiana Stadium and Exposition District.
Acts 2021, No. 114, §8, eff. June 7, 2021; Acts 2021, No. 448, §1, eff. June 30, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.35. Calcasieu River Bridge Fund

RS 39:100.35 - Calcasieu River Bridge Fund
A. There shall be established in the state treasury, as a special permanent trust fund, the Calcasieu River Bridge Fund, hereinafter referred to as the "fund". After allocation of money to the Bond Security and Redemption Fund as provided in Article VII, Section 9(B) of the Constitution of Louisiana, and notwithstanding any other provision of law to the contrary, the treasurer shall deposit in and credit to the fund, the proceeds received by the state of Louisiana from the settlement, judgment, or final disposition of the litigation filed by the state of Louisiana or the Louisiana Department of Transportation and Development bearing Docket Number 2008-002684 in the Fourteenth Judicial District Court, or any other litigation filed by the state of Louisiana or Department of Transportation and Development claiming damages for actual or alleged subsurface contamination within two miles of the Interstate 10 Calcasieu River Bridge for incidents occurring prior to August 1, 2019, and alleged to require remediation.
B. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. The monies in the 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 those monies shall be credited to the fund.
C. Subject to an appropriation by the legislature, monies in the fund shall be used solely for the planning and construction of a new Interstate 10 Calcasieu River Bridge in Lake Charles.
D. The dedication of recovered funds pursuant to the provisions of this Section shall not be admissible in any trial or litigation referenced in Subsection A of this Section.
Acts 2019, No. 176, §1, eff. June 11, 2019.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.41. Legislative intent

RS 39:100.41 - Legislative intent
It is the intent of the legislature to provide economic support to Louisiana political subdivisions and businesses for costs incurred for and continued response to the Coronavirus disease (COVID-19) pandemic from federal funds provided pursuant to Section 5001 of the CARES Act, which created the Coronavirus Relief Fund from which the state received over one billion eight hundred million dollars (CARES Act), of which the state's portion is over nine hundred ninety-one million dollars. The state desires to use a portion of the remaining portion of the CARES fund monies in the amount of five hundred eleven million one hundred seventy-eight thousand seven hundred four dollars for economic support through the Coronavirus Local Recovery Allocation Program for local government units to be administered by the division of administration and the Governor's Office of Homeland Security and Emergency Preparedness. The state further desires to use a portion of the CARES fund monies in the amount of three hundred million dollars for the Louisiana Main Street Recovery Program for economic support for eligible businesses to be administered by the state treasurer, all as established in this Subpart. The State further desires to use a total of fifty million dollars, of which twenty-five million dollars shall come from the Coronavirus Local Recovery Allocation Fund and twenty-five million dollars shall come from the Louisiana Main Street Recovery Fund, for the funding of a one-time hazard pay rebate for essential critical infrastructure workers.
Acts 2020, No. 311, §1, eff. June 12, 2020; Acts 2020 1st Ex. Sess., No. 10, §6, eff. July 13, 2020.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.45. State Coronavirus Relief Fund

RS 39:100.45 - State Coronavirus Relief Fund
A. There is hereby created and established in the state treasury, as a special fund, the State Coronavirus Relief Fund, hereinafter the "relief fund". On December 1, 2020, the treasurer is authorized and directed to transfer any unobligated monies in the Coronavirus Local Recovery Allocation Fund and the Louisiana Main Street Recovery Fund to the relief fund to be used by the state, subject to appropriation if the legislature is in session, or the Joint Legislative Committee on the Budget, if the legislature is not in session, for the purposes of providing monies to local government units, eligible businesses, or the state in accordance with the provisions of this Subpart and the CARES Act.
B. The monies in the relief fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the relief fund shall be deposited in and credited to the relief fund. If applicable under federal guidelines, unexpended and unencumbered monies in the relief fund shall remain in the relief fund.
Acts 2020, No. 311, §1, eff. June 12, 2020; Acts 2020, 1st Ex. Sess., No. 10, §6, eff. July 9, 2020; Acts 2021, No. 114, §24, eff. June 7, 2021.
NOTE: Act No. 114 of the 2021 R.S. transferred remaining coronavirus relief funds to the State Coronavirus Relief Fund on June 30, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.46. Changes in federal legislation

RS 39:100.46 - Changes in federal legislation
If federal legislation is introduced and enacted which authorizes federal disaster funds to be used for revenue loss, the Joint Legislative Committee on the Budget is authorized to transfer any remaining funds to the Coronavirus Local Recovery Allocation Fund for disbursement.
Acts 2020, No. 311, §1, eff. June 12, 2020.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.47. Duties of the legislative auditor

RS 39:100.47 - Duties of the legislative auditor
For purposes of this Subpart, the legislative auditor is hereby authorized to review all applications for compliance with the provisions of the programs established in this Subpart. The treasurer's office and the Governor's Office of Homeland Security and Emergency Preparedness shall be responsible for providing the legislative auditor all claims and necessary documentation to carry out his reviews. The legislative auditor shall report any findings to the Legislative Audit Advisory Council and the Joint Legislative Committee on the Budget.
Acts 2020, No. 311, §1, eff. June 12, 2020.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.48. Critical Infrastructure Workers Hazard Pay Rebate Fund

RS 39:100.48 - Critical Infrastructure Workers Hazard Pay Rebate Fund
A. There is hereby created and established in the state treasury, as a special fund, the Critical Infrastructure Workers Hazard Pay Rebate Fund, hereinafter the "rebate fund". The treasurer is authorized and directed to transfer twenty-five million from the Coronavirus Local Recovery Allocation Fund and twenty-five million from the Louisiana Main Street Recovery Fund for deposit to the rebate fund.
B. The monies in the rebate fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the rebate fund shall be deposited in and credited to the rebate fund. If applicable under federal guidelines, unexpended and unencumbered monies in the rebate fund shall remain in the rebate fund.
C. Monies in the rebate fund shall be appropriated to the state treasurer to be used to provide a one-time hazard pay rebate to essential critical infrastructure workers as provided in Act No. 12 of the 2020 First Extraordinary Session of the Legislature. Any unobligated balance in the rebate fund on June 30, 2021, shall be transferred to the State Coronavirus Relief Fund.
Acts 2020 1st Ex. Sess., No. 10, §6, eff. July 13, 2020; Acts 2021, No. 114, §9, eff. June 7, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.49. 2021 Market Adjustments Reduction Fund

RS 39:100.49 - 2021 Market Adjustments Reduction Fund
A. There is hereby created and established in the state treasury, as a special fund, the 2021 Market Adjustments Reduction Fund, hereinafter the "fund". After allocation of money to the Bond Security and Redemption Fund as provided in Article VII, Section 9(B) of the Constitution of Louisiana, the treasurer shall deposit in and credit to the fund any monies reported by the commissioner of administration as being achieved as a result of the reductions to agency budgets for market adjustments for classified employees and pay raises for unclassified employees made by the commissioner of administration.
B. The monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
C. Monies in the fund may be utilized to restore market adjustments for classified employees and pay raises for unclassified employees proposed and subsequently eliminated during the 2020 First Extraordinary Session of the Legislature of Louisiana, in the event economic conditions warrant such action and are approved either by the legislature, if in session on or before October 15, 2020, or the Joint Legislative Committee on the Budget, if the legislature is not in session on or before October 15, 2020.
Acts 2020, 1st Ex. Sess., No. 10, §7, eff. July 1, 2020.
NOTE: Provisions in HB 1 of the 2020 1st Ex. Sess. that would have generated monies for this fund were vetoed by the governor.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.50. 2021 Budget Reconciliation Fund

RS 39:100.50 - 2021 Budget Reconciliation Fund
A. There is hereby created and established in the state treasury, as a special fund, the 2021 Budget Reconciliation Fund, hereinafter the "fund". After allocation of money to the Bond Security and Redemption Fund as provided in Article VII, Section 9(B) of the Constitution of Louisiana, the treasurer shall deposit in and credit to the fund any monies reported by the commissioner of administration as being achieved as a result of the reductions to agency's budgets in Section 23 of Act No. 1 of the 2020 First Extraordinary Session of the Legislature.
B. The monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
C. Monies in the fund may be utilized to restore agency budgets in the event economic conditions warrant such action and are approved either by the legislature, if in session on or before October 15, 2020, or the Joint Legislative Committee on the Budget, if the legislature is not in session on or before October 15, 2020.
Acts 2020 1st Ex. Sess., No. 10, §7, eff. July 1, 2020.
NOTE: Provisions in HB 1 of the 2020 1st Ex. Sess. that would have generated monies for this fund were vetoed by the governor.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.51. Louisiana Rescue Plan Fund; purpose

RS 39:100.51 - Louisiana Rescue Plan Fund; purpose
A. There is hereby created in the state treasury, as a special fund, the "Louisiana Rescue Plan Fund", hereinafter referred to in this Section as the "fund". The state treasurer is authorized and directed to deposit in and transfer into the fund any federal monies allocated to Louisiana pursuant to the Coronavirus State Fiscal Recovery Fund of the American Rescue Plan Act of 2021.
B.(1) The state treasurer is hereby authorized and directed to transfer five hundred sixty-three million dollars out of the Louisiana Rescue Plan Fund into the Construction Subfund of the Transportation Trust Fund in accordance with the provisions of the American Rescue Plan Act of 2021, P.L. 117-2, authorizing the use of the Coronavirus State Fiscal Recovery Fund for the provision of government services to the extent of a reduction in state revenues.
(2) The state treasurer is hereby authorized and directed to transfer fifteen million dollars out of the Louisiana Rescue Plan Fund into the Legislative Capitol Technology Enhancement Fund in accordance with the provisions of the American Rescue Plan Act of 2021, P.L. 117-2, authorizing the use of the Coronavirus State Fiscal Recovery Fund for the provision of government services to the extent of a reduction in state revenues.
(3) The state treasurer is hereby authorized and directed to transfer the amount of ten million dollars out of the Louisiana Rescue Plan Fund into the Major Events Fund.
(4) The state treasurer is hereby authorized and directed to transfer the amount of five million dollars out of the Louisiana Rescue Plan Fund into the Health Care Employment Reinvestment Opportunity (H.E.R.O.) Fund, in the event that Senate Bill No. 229 of the 2021 Regular Session of the Legislature is enacted into law.
C. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on investment of monies in the fund shall be credited to the fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.
D. Monies in the fund shall be allocated as provided in this Subpart and may be appropriated for the Clearing Account of the Unemployment Compensation Fund pursuant to R.S. 23:1491.
E. If the legislature is not in session, the Joint Legislative Committee on the Budget is authorized to appropriate monies from the Louisiana Rescue Plan Fund or any of the funds created pursuant to this Subpart by approving a budget adjustment by BA-7. Any such appropriation shall be consistent with guidance promulgated by the United States Treasury. The committee is further authorized to approve the transfer of funds between any of the funds created pursuant to this Subpart by approving a budget adjustment by BA-7. Pursuant to approval of a BA-7, monies in the fund may be used to provide funding for infrastructure projects administered by the Department of Transportation and Development.
Acts 2021, No. 410, §1, eff. June 17, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.52. Water Sector Fund

RS 39:100.52 - Water Sector Fund
A. There is hereby created in the state treasury, as a special fund, the Water Sector Fund, hereinafter referred to in this Section as the "fund". The treasurer is hereby authorized and directed to transfer three hundred million dollars from the Louisiana Rescue Plan Fund into the Water Sector Fund.
B. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
C. Monies in the fund shall be used to provide grant funding for repairs, improvements, and consolidation of water systems and sewer systems pursuant to the Water Sector Program as provided in R.S. 39:100.56.
D. The Engineering Fee Subfund, hereafter referred to in this Subsection as the "subfund", is hereby created in the state treasury as a subfund in the Water Sector Fund. Monies appropriated or transferred to the subfund shall be deposited by the state treasurer after compliance with the provisions of Article VII, Section 9(B) of the Constitution of Louisiana. Monies in the subfund shall be invested in the same manner as monies in the Water Sector Fund, and any interest earned on the investment of subfund monies shall be credited to the subfund. All unexpended and unencumbered monies in the subfund at the end of the fiscal year shall remain in the subfund. Monies in the subfund shall be used to provide grant funding to certain political subdivisions for engineering fees arising out of application to the Water Sector Program. No monies shall be expended from the subfund without approval of the Water Sector Commission.
Acts 2021, No. 410, §1, eff. June 17, 2021; Acts 2022, No. 167, §4, eff. May 30, 2022.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.53. Granting Unserved Municipalities Broadband Opportunities Fund

RS 39:100.53 - Granting Unserved Municipalities Broadband Opportunities Fund
A. There is hereby created in the state treasury, as a special fund, the Granting Unserved Municipalities Broadband Opportunities (GUMBO) Fund, hereinafter referred to in this Section as the "fund". The treasurer is hereby authorized and directed to transfer ninety million dollars from the Louisiana Coronavirus Capital Projects Fund into the fund.
B. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
C. Monies in the fund shall be used to provide grants to help fund broadband access in rural and disadvantaged areas pursuant to the provisions of the Granting Unserved Municipalities Broadband Opportunities program established by law.
Acts 2021, No. 410, §1, eff. June 17, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.54. Louisiana Tourism Revival Fund

RS 39:100.54 - Louisiana Tourism Revival Fund
A. There is hereby created in the state treasury, as a special fund, the Louisiana Tourism Revival Fund, hereinafter referred to in this Section as the "fund". The treasurer is hereby authorized and directed to transfer seventy-seven million five-hundred thousand dollars from the Louisiana Rescue Plan Fund into the fund.
B. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
C. Monies in the fund shall be utilized to support the efforts of state, local, and regional tourism entities to revive tourism in Louisiana by investing in programs focused on marketing and promoting Louisiana as a destination for in-state and out-of-state travel activity.
D. Monies in the fund shall be distributed as follows: sixty million dollars shall be used for the Louisiana Tourism Revival Program as provided for in R.S. 39:100.55, and seventeen million five-hundred thousand dollars shall be appropriated to the Department of Culture, Recreation and Tourism for the Marketing Program.
Acts 2021, No. 410, §1, eff. June 17, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.55. Louisiana Tourism Revival Program

RS 39:100.55 - Louisiana Tourism Revival Program
A. The Louisiana Tourism Revival Program is established to provide grants to local and regional tourist commissions for marketing and promoting Louisiana as a tourism destination for in-state and out-of-state travel activity. The division of administration shall administer the program.
B. The division of administration shall establish a program portal in which applications shall be submitted, and the division shall publish information on the program. The program portal page shall be operational no later than August 31, 2021.
C. In order to qualify to receive a grant award, the recipient shall be an official tourism commission, convention and visitors bureau, or official destination marketing organization.
D. The division of administration shall submit a plan for the administration and structure of the program to the Joint Legislative Committee on the Budget by July 31, 2021, for review and approval at the monthly August meeting. No grants shall be awarded prior to the Joint Legislative Committee on the Budget approving the plan submitted by the division of administration.
E. The division of administration may utilize an amount not to exceed two hundred fifty thousand dollars collectively from the Louisiana Port Relief Fund and the Louisiana Tourism Revival Fund for administrative expenses associated with the Louisiana Port Relief Program and the Louisiana Tourism Revival Program.
Acts 2021, No. 410, §1, eff. June 17, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.57. Louisiana Coronavirus Capital Projects Fund

RS 39:100.57 - Louisiana Coronavirus Capital Projects Fund
A. There is hereby created in the state treasury, as a special fund, the "Louisiana Coronavirus Capital Projects Fund", hereinafter referred to in this Section as the "fund". Monies in the fund shall be expended in accordance with the American Rescue Plan Act of 2021, P.L. 117-2, and subsequent guidance promulgated by the United States Treasury.
B. The state treasurer is hereby authorized and directed to deposit in and credit to the fund any federal monies allocated to Louisiana pursuant to the Coronavirus Capital Projects Fund of the American Rescue Plan Act of 2021.
C. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on investment of monies in the fund shall be credited to the fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.
D. Monies in the fund shall be allocated as provided in this Subpart.
Acts 2021, No. 410, §1, eff. June 17, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.58. Louisiana Small Business and Nonprofit Assistance Fund

RS 39:100.58 - Louisiana Small Business and Nonprofit Assistance Fund
A. There is hereby created in the state treasury, as a special fund, the "Louisiana Small Business and Nonprofit Assistance Fund", hereinafter referred to in this Section as the "fund". Monies in the fund shall be used to provide grants to small businesses and nonprofits for the administration of COVID-19 response and relief efforts in accordance with the provisions of the Louisiana Small Business and Nonprofit Assistance Program as provided in R.S. 39:100.44.2.
B. The treasurer is hereby authorized and directed to transfer ten million dollars from the Louisiana Rescue Plan Fund into the fund. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
C. Any remaining balance in the fund on June 30, 2023, shall be transferred to the Louisiana Rescue Plan Fund.
Acts 2021, No. 410, §1, eff. June 17, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.59. Louisiana Port Relief Fund

RS 39:100.59 - Louisiana Port Relief Fund
A. There is hereby created in the state treasury, as a special fund, the "Louisiana Port Relief Fund", hereinafter referred to in this Section as the "fund". Monies in the fund shall be used to provide economic support to Louisiana port authorities in accordance with the provisions of the Louisiana Port Relief Program as provided in R.S. 39:100.44.2.
B. The treasurer is hereby authorized and directed to transfer fifty million dollars from the Louisiana Rescue Plan Fund into the fund. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
C. Any remaining balance in the fund on January 1, 2022, shall be transferred to the Louisiana Rescue Plan Fund.
Acts 2021, No. 410, §1, eff. June 17, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.59.1. Southwest Louisiana Hurricane Recovery Fund

RS 39:100.59.1 - Southwest Louisiana Hurricane Recovery Fund
A. There is hereby created in the state treasury, as a special fund, the Southwest Louisiana Hurricane Recovery Fund, hereinafter referred to in this Section as the "fund". Monies in the fund shall be used to assist in repairing structural damages caused by the 2020 hurricane season in Southwest Louisiana.
B. The treasurer is hereby authorized and directed to transfer thirty million dollars from the Louisiana Rescue Plan Fund into the fund in accordance with the provisions of the American Rescue Plan Act of 2021, P.L. 117-2, authorizing the use of the Coronavirus State Fiscal Recovery Fund for the provision of government services to the extent of a reduction in state revenues. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
Acts 2021, No. 410, §1, eff. June 17, 2021.
2023 Louisiana Laws › Revised Statutes › Title 39 - Public Finance › §39:100.59.2. Capital Outlay Relief Fund

RS 39:100.59.2 - Capital Outlay Relief Fund
A. There is hereby created in the state treasury, as a special fund, the Capital Outlay Relief Fund, hereinafter referred to in this Section as the "fund". Monies in the fund shall be used for capital outlay projects.
B. The treasurer is hereby authorized and directed to transfer thirty-five million dollars from the Louisiana Rescue Plan Fund into the fund in accordance with the provisions of the American Rescue Plan Act of 2021, P.L. 117-2, authorizing the use of the Coronavirus State Fiscal Recovery Fund for the provision of government services to the extent of a reduction in state revenues. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
Acts 2021, No. 410, §1, eff. June 17, 2021.