2023 Louisiana Laws › Revised Statutes › Title 32 - Motor Vehicles and Traffic Regulation › §32:868. Funding of real-time system to verify motor vehicle insurance; Insurance Verification System Dedicated Fund Account; creation

RS 32:868 - Funding of real-time system to verify motor vehicle insurance; Insurance Verification System Dedicated Fund Account; creation
A. Of the reinstatement fees assessed in R.S. 32:863(A)(3)(a), an amount of seventy-five dollars from each reinstatement fee levied for lack of required security up to thirty days, one hundred fifty dollars from each reinstatement fee levied for lack of required security between thirty-one days and ninety days, and three hundred dollars from each reinstatement fee levied for lack of security for in excess of ninety days, and of the reinstatement fees assessed in R.S. 32:863.1(C)(1)(c) and (I)(3) an amount of fifty dollars from each first offense and one hundred dollars from each second offense, shall be, after first having been credited to the Bond Security and Redemption Fund as required by Article VII, Section 9(B) of the Constitution of Louisiana, deposited into the Insurance Verification System Dedicated Fund Account.
B. There is hereby created in the state treasury a special statutorily dedicated fund account designated as the Insurance Verification System Dedicated Fund Account, hereinafter referred to as the "account". Monies in the account shall be invested in the same manner as monies in the state general fund. Interest earned on investment of monies in the account shall be deposited in and credited to the account. The monies in this account shall be used solely as provided for in this Section and only in the amounts appropriated by the legislature. Unexpended and unencumbered monies in the account shall remain in 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. Monies in the account shall be used in amounts appropriated by the legislature as follows:
(1) For Fiscal Year 2015-2016 and each fiscal year thereafter, monies in the account shall be used as follows:
(a) First, to fully fund the annual maintenance of the real-time system to verify motor vehicle insurance authorized by R.S. 32:863.2(F).
(b) Next, the amount needed to fund the increase in the costs of salaries and related benefits associated with the pay plan adopted by the State Police Commission, not to exceed forty-two million dollars per year, shall be dedicated to the Department of Public Safety and Corrections, office of state police.
(c) In the event House Bill No. 562 of the 2014 Regular Session of the Legislature is enacted into law, the next seven million dollars per year shall be used to fund the housing of parolees who are detained in sheriffs' jails pending their revocation hearing as provided in R.S. 15:824(B)(1)(e)(ii).
(d) The next one million dollars per year shall be used to provide additional funding to district attorneys and assistant district attorneys, specifically to fund additional assistant district attorneys beginning in 2015.
(e) The remainder of monies in the account shall be used for public safety and law enforcement purposes.
(2) Funds from the account shall not be used to pay any costs associated with the implementation of a system for the issuance of REAL ID compliant drivers' licenses and special identification cards.
Acts 2014, No. 641, §1, eff. July 1, 2014; Acts 2015, No. 121, §1, eff. July 1, 2015; Acts 2021, No. 114, §7, eff. July 1, 2022.
NOTE: HB No. 562 of the 2014 R.S. was enacted as Act 652 of the 2014 R.S.