Louisiana § 39:100.171 Hurricane Ida Recovery Fund

Louisiana Statutes

§ 39:100.171 — Hurricane Ida Recovery Fund

Louisiana § 39:100.171

Title 39Procurement and Contract

This text of Louisiana § 39:100.171 (Hurricane Ida Recovery Fund) 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. § 39:100.171 (2026).

Text

§100.171. Hurricane Ida Recovery Fund

A.There is hereby created in the state treasury as a special fund the Hurricane Ida Recovery Fund, hereinafter referred to in this Section as the "fund". Monies appropriated or transferred to the fund shall be deposited by the state treasurer after compliance with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond Security and Redemption Fund. Monies in the fund shall be invested in the same manner as monies in the state general fund, and unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund. Subject to appropriation, the Department of the Treasury shall

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

§100.171. Hurricane Ida Recovery Fund
A. There is hereby created in the state treasury as a special fund the Hurricane Ida
Recovery Fund, hereinafter referred to in this Section as the "fund". Monies appropriated
or transferred to the fund shall be deposited by the state treasurer after compliance with the
requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the
Bond Security and Redemption Fund. Monies in the fund shall be invested in the same
manner as monies in the state general fund, and unexpended and unencumbered monies in
the fund at the end of the fiscal year shall remain in the fund. Interest earned on the
investment of monies in the fund shall be deposited in and credited to the fund. Subject to
appropriation, the Department of the Treasury shall administer distribution of monies from
the fund.
B. Up to three percent of monies initially deposited into the fund may be retained by
the treasurer for administrative expenses. Subject to final approval of the Joint Legislative
Committee on the Budget prior to implementation, the treasurer is hereby authorized and
directed to develop policies and procedures for the distribution and administration of monies
in the fund. Notwithstanding any provision of law to the contrary, the treasurer may enter
into consulting services, professional services, and information and technology services
contracts for the purpose of the procurement of any goods or services necessary to implement
and expedite the distribution of monies in the fund as emergency procurements exempt from
the provisions of the Louisiana Procurement Code and corresponding rules and regulations.
The cost of the contracts shall be an administrative expense of the recovery program.
C. Monies in the fund shall be used to make full or partial payments to eligible
entities that suffered loss or damage caused by Hurricane Ida and that were not fully
compensated for the loss or damage by insurance and other federal and state disaster
resources. For the purposes of this Section, the term "eligible entity" shall mean a political
subdivision of the state and shall include school boards. The governing authority of an
eligible entity receiving monies pursuant to the provisions of this Section shall apply the
money to the cost of repair or replacement of the loss or damage incurred on or after August
29, 2021.