§ 32:694 — Surcharge assessment; collection

Louisiana § 32:694

• Jurisdiction: Louisiana
• Title 32: Levees

Text

§694. Surcharge assessment; collection
A. A surcharge shall be imposed and levied at the rate of fifteen dollars on truck
registrations issued pursuant to R.S. 47:511 and on all Class 1 and Class 2 registration fees
for trucks and trailers in excess of 23,999 pounds, pursuant to R.S. 47:462(B)(3)(a), and
shall be paid in addition to and simultaneous with any annual registration or license tax, as
provided in R.S. 462(B)(3)(a) and 511.
B. The surcharge shall be collected by the commissioner of the Department of Public
Safety and Corrections, office of motor vehicles, at the issuance of any annual registration
or license tax.
C. There is hereby created a statutorily dedicated fund account within the state
treasury known as the "Trucking Research and Education Council Fund Account" which
shall consist of those revenues derived from the surcharge collected pursuant to this Section.
Monies in the fund account shall be invested in the same manner as monies in the general
fund. Interest earned on the investment of monies in the fund account shall be credited to
the fund account. Monies deposited into the fund 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. Monies in the fund account shall be
used as provided in Subsection D of this Section. All unexpended and unencumbered
monies in this statutorily dedicated fund account at the end of the fiscal year shall remain in
the account.
D. Subject to legislative appropriation, the gross amount collected shall be paid by
the commissioner of the Department of Public Safety and Corrections, office of motor
vehicles, to the council on a quarterly basis. The quarterly payments made to the council
shall be made on or before the fifteenth day of the succeeding quarter and shall be
accompanied by a complete audit of all funds collected.

Legislative History

Acts 2019, No. 314, §1.