Louisiana § 30:2483 Oil Spill Contingency Fund

Louisiana Statutes

§ 30:2483 — Oil Spill Contingency Fund

Louisiana·Title 30 Mortgages and Privileges

§2483. Oil Spill Contingency Fund

A."Secretary" as used in this Part shall mean the secretary of the Department of Revenue.

B.In order to fulfill the constitutional mandate of Article IX, Section 1 of the Constitution of Louisiana to protect, conserve, and replenish the natural resources of the state, the legislature hereby declares that sufficient funds shall be made available to the Oil Spill Contingency Fund, in order for prevention of and response to unauthorized discharges of oil.

C.The purpose of the fund is to immediately provide available funds for response to all threatened or actual unauthorized discharges of oil, for clean up of pollution from unauthorized discharges of oil, natural resources damages, damages sustained by any state agency or political subdivision, and removal

Free access — add to your briefcase to read the full text and ask questions with AI

§2483. Oil Spill Contingency Fund
A. "Secretary" as used in this Part shall mean the secretary of the Department of
Revenue.
B. In order to fulfill the constitutional mandate of Article IX, Section 1 of the
Constitution of Louisiana to protect, conserve, and replenish the natural resources of the
state, the legislature hereby declares that sufficient funds shall be made available to the Oil
Spill Contingency Fund, in order for prevention of and response to unauthorized discharges
of oil.
C. The purpose of the fund is to immediately provide available funds for response
to all threatened or actual unauthorized discharges of oil, for clean up of pollution from
unauthorized discharges of oil, natural resources damages, damages sustained by any state
agency or political subdivision, and removal costs from threatened, unauthorized discharges
of oil.
D. All fees, taxes, penalties, judgments, reimbursements, charges, and federal funds
collected pursuant to the provisions of this Chapter, except as provided by R.S. 30:2480.2,
shall be deposited immediately upon receipt into the state treasury.
E. 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
in Subsection D of this Section, and monies appropriated by the legislature shall be credited
to a special fund hereby created in the state treasury to be known as the "Oil Spill
Contingency Fund". The monies in this fund shall be used solely as provided in this Part and
only in the amounts appropriated by the legislature. All unexpended and unencumbered
monies in this fund at the end of the fiscal year shall remain in the fund. The monies in this
fund 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 remain in the fund.

Louisiana § 30:2483 (Oil Spill Contingency Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 1991, 1st Ex. Sess., No. 7, §1, eff. April 23, 1991; Acts 1997, No. 658, §2; Acts 2001, No. 649, §1, eff. June 22, 2001; Acts 2010, No. 962, §1, eff. July 6, 2010; Acts 2013, No. 394, §1, eff. July 1, 2014.