§ 39:100.51 — Louisiana Rescue Plan Fund; purpose

Louisiana § 39:100.51

• Jurisdiction: Louisiana
• Title 39: Procurement and Contract

Text

§100.51. Louisiana Rescue Plan Fund; purpose
A. There is hereby created in the state treasury, as a special fund, the "Louisiana
Rescue Plan Fund", hereinafter referred to in this Section as the "fund". The state treasurer
is authorized and directed to deposit in and transfer into the fund any federal monies
allocated to Louisiana pursuant to the Coronavirus State Fiscal Recovery Fund of the
American Rescue Plan Act of 2021.
B.(1) The state treasurer is hereby authorized and directed to transfer five hundred
sixty-three million dollars out of the Louisiana Rescue Plan Fund into the Construction
Subfund of the Transportation Trust Fund in accordance with the provisions of the American
Rescue Plan Act of 2021, P.L. 117-2, authorizing the use of the Coronavirus State Fiscal
Recovery Fund for the provision of government services to the extent of a reduction in state
revenues.
(2) The state treasurer is hereby authorized and directed to transfer fifteen million
dollars out of the Louisiana Rescue Plan Fund into the Legislative Capitol Technology
Enhancement Fund in accordance with the provisions of the American Rescue Plan Act of
2021, P.L. 117-2, authorizing the use of the Coronavirus State Fiscal Recovery Fund for the
provision of government services to the extent of a reduction in state revenues.
(3) The state treasurer is hereby authorized and directed to transfer the amount of ten
million dollars out of the Louisiana Rescue Plan Fund into the Major Events Fund.
(4) The state treasurer is hereby authorized and directed to transfer the amount of
five million dollars out of the Louisiana Rescue Plan Fund into the Health Care Employment
Reinvestment Opportunity (H.E.R.O.) Fund, in the event that Senate Bill No. 229 of the 2021
Regular Session of the Legislature is enacted into law.
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 allocated as provided in this Subpart and may be
appropriated for the Clearing Account of the Unemployment Compensation Fund pursuant
to R.S. 23:1491.
E. If the legislature is not in session, the Joint Legislative Committee on the Budget
is authorized to appropriate monies from the Louisiana Rescue Plan Fund or any of the funds
created pursuant to this Subpart by approving a budget adjustment by BA-7. Any such
appropriation shall be consistent with guidance promulgated by the United States Treasury.
The committee is further authorized to approve the transfer of funds between any of the
funds created pursuant to this Subpart by approving a budget adjustment by BA-7. Pursuant
to approval of a BA-7, monies in the fund may be used to provide funding for infrastructure
projects administered by the Department of Transportation and Development.

Legislative History

Acts 2021, No. 410, §1, eff. June 17, 2021.