§ 30:2397 — Distribution of revenue

Louisiana § 30:2397

• Jurisdiction: Louisiana
• Title 30: Mortgages and Privileges

Text

§2397. Distribution of revenue
The state treasurer shall each fiscal year deposit the revenues generated under the
provisions of this Chapter from taxes applicable to the sale of reclaimed water or other
sources as provided for by law into the Bond Security and Redemption Fund. Out of the
funds from such sources remaining in the Bond Security and Redemption Fund after a
sufficient amount is allocated from that fund to pay all obligations secured by the full faith
and credit of the state which become due and payable within any fiscal year, the treasurer
shall deposit an amount equal to one-quarter of the revenues generated from the reclaimed
water program into the Clean Water State Revolving Fund, enacted in R.S. 30:2301 et seq.,
which shall be used for making grants to local governments to finance primary waste
treatment facilities; one-quarter into the Coastal Resources Trust Dedicated Fund Account,
created in R.S. 49:214.40; and the remainder shall be used by the Department of
Conservation and Energy for the protection of groundwater resources. Use of these funds
shall be subject to an appropriation by the legislature.

Legislative History

Acts 2003, No. 985, §1; Acts 2010, No. 296, §1, eff. June 17, 2010; Acts 2021, No. 114, §18, eff. July 1, 2022; Acts 2023, No. 150, §5, eff. Jan. 10, 2024.