§ 29:385 — Deposit of residents' funds; disbursements; interest

Louisiana § 29:385

• Jurisdiction: Louisiana
• Title 29: Minerals, Oil and Gas and Environmental Quality

Text

§385. Deposit of residents' funds; disbursements; interest
A. The Department of Veterans Affairs is authorized to be a depository for funds
belonging to the residents of its healthcare facilities. The department may accept funds for
deposit and shall issue receipts therefor and maintain the corpus of any such funds for the use
and benefit of the resident in whose name the deposit is made. Any such funds held on
deposit shall be considered as being on deposit with the Department of Veterans Affairs and
no bond shall be required.
B. Disbursement of funds in a resident's account shall only be made on order of the
resident with the following exceptions:
(1) When a resident has been judicially interdicted, disbursement of funds in his
account shall only be made on order of the court having jurisdiction over him.
(2) When funds are deposited in a resident's account on his behalf by a governmental
agency or other person with restrictions, disbursement of funds shall only be made as so
authorized by such agency or person.
C. Interest earned on funds deposited with the Department of Veterans Affairs as
provided in Subsection A of this Section and any private donations so designated shall be
deposited in a resident's recreation and welfare fund and shall be expended by the department
for the recreation and general welfare of all residents of its healthcare facilities.

Legislative History

Added by Acts 1981, No. 285, §1; Acts 2004, No. 392, §1, eff. June 23, 2004; Acts 2019, No. 390, §1.