Louisiana Statutes
§ 30:1403 — Segregation of federal oil overcharge refund monies
Louisiana § 30:1403
JurisdictionLouisiana
Title 30Mortgages and Privileges
This text of Louisiana § 30:1403 (Segregation of federal oil overcharge refund monies) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 30:1403 (2026).
Text
A.The legislature finds that since 1983 federal oil overcharge refund monies from a number of cases have been deposited to the Federal Energy Settlement Fund within the state treasury. The differing terms and conditions applied to these monies by congressional directives, consent orders, remedial orders, settlements, and judgments have made further segregation of the funds imperative.
B.The state treasurer will provide a separate fund within the state treasury for the deposit of refund monies from each individual oil overcharge case. All such refund monies allocated to the state shall be credited to this separate fund and disbursements from the fund shall be made by the legislature only in accordance with Article III, Section 16 of the Louisiana Constitution.
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Legislative History
Acts 1987, No. 508, §1, eff. July 9, 1987.
Nearby Sections
15
§ 30:1401
Statement of findings§ 30:146
Transfer of funds§ 30:147
Bonds of the parish§ 30:148.1
§ 30:148.1§ 30:148.10
Applicability§ 30:148.2
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Bluebook (online)
Louisiana § 30:1403, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/30%3A1403.