§ 30:2351.41 — Lead Hazard Reduction Dedicated Fund Account

Louisiana § 30:2351.41

• Jurisdiction: Louisiana
• Title 30: Mortgages and Privileges

Text

§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.

Legislative History

Acts 1993, No. 224, §1; Acts 1995, No. 1085, §1; Acts 2021, No. 114, §6, eff. July 1, 2022.