Louisiana § 39:100.254 Modernization and Security Fund

Louisiana Statutes

§ 39:100.254 — Modernization and Security Fund

Louisiana § 39:100.254

Title 39Procurement and Contract

This text of Louisiana § 39:100.254 (Modernization and Security 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. § 39:100.254 (2026).

Text

§100.254. Modernization and Security Fund

A.There is hereby established in the state treasury, as a special fund, the Modernization and Security Fund, hereinafter referred to in this Section as the "fund".

B.After allocation of money to the Bond Security and Redemption Fund as provided in Article VII, Section 9(B) of the Constitution of Louisiana, the treasurer shall deposit into the fund any monies transferred or appropriated by the legislature. The treasurer shall also deposit into the fund any grants, donations, gifts, or other monies which may become available.

C.All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. The monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fu

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

§100.254. Modernization and Security Fund
A. There is hereby established in the state treasury, as a special fund, the
Modernization and Security Fund, hereinafter referred to in this Section as the "fund".
B. After allocation of money to the Bond Security and Redemption Fund as provided
in Article VII, Section 9(B) of the Constitution of Louisiana, the treasurer shall deposit into
the fund any monies transferred or appropriated by the legislature. The treasurer shall also
deposit into the fund any grants, donations, gifts, or other monies which may become
available.
C. All unexpended and unencumbered monies in the fund at the end of the fiscal year
shall remain in the fund. The monies in the fund shall be invested by the state treasurer in the
same manner as monies in the state general fund. Interest earned on the investment of monies
in the fund shall be credited to the fund.
D. The monies in the fund shall be utilized for the following:
(1) Providing for payments of major repairs on state infrastructure.
(2) Providing for payments on acquisitions for state agencies.
(3) Providing for financial investment into information technology initiatives within
state agencies.
(4) Providing for investment into security initiatives at state agencies.
(5) Any remaining monies in the fund shall be used solely for various initiatives
focused on ensuring technological adequacy and security of the state.