§ 39:100.256 — Local Infrastructure Fund

Louisiana § 39:100.256

• Jurisdiction: Louisiana
• Title 39: Procurement and Contract

Text

§100.256. Local Infrastructure Fund
A. There is hereby established in the state treasury, as a special fund, the Local
Infrastructure Fund, hereafter 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. Monies in the fund shall be invested in the same manner as monies in the state
general fund. Interest earned on investment of monies in the fund shall be credited to the
fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall
remain in the fund.
D. Monies in the fund shall be appropriated to the division of administration, office
of community development, for the reimbursement of qualifying expenses of a political
subdivision incurred in the repair or mitigation of damage caused by the expansion of
broadband services.
E. The division of administration, office of community development, shall develop
guidelines for the administration of monies in the fund and shall submit such guidelines for
review and approval by the Water Sector Commission prior to implementation. The office
of community development shall submit a quarterly report to the Water Sector Commission
on the monies expended from the fund.

Legislative History

Acts 2025, No. 365, §3, eff. June 20, 2025.