This text of Louisiana § 39:100.52 (Water Sector 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.
§100.52. Water Sector Fund
A.There is hereby created in the state treasury, as a special fund, the Water Sector
Fund, hereinafter referred to in this Section as the "fund".
B.Monies in the fund shall be invested in the same manner as monies in the state
general fund. Interest earned on the investment of monies in the fund shall be deposited in
and credited to the fund. All unexpended and unencumbered monies remaining in the fund
at the end of each fiscal year shall remain in the fund.
C.Monies in the fund shall be used to provide grant funding for repairs,
improvements, and consolidation of water systems and sewer systems pursuant to the Water
Sector Program as provided in R.S. 39:100.56 or any other purpose as provided for in this
Section. Except as provided in Subsections D and F of t
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§100.52. Water Sector Fund
A. There is hereby created in the state treasury, as a special fund, the Water Sector
Fund, hereinafter referred to in this Section as the "fund".
B. Monies in the fund shall be invested in the same manner as monies in the state
general fund. Interest earned on the investment of monies in the fund shall be deposited in
and credited to the fund. All unexpended and unencumbered monies remaining in the fund
at the end of each fiscal year shall remain in the fund.
C. Monies in the fund shall be used to provide grant funding for repairs,
improvements, and consolidation of water systems and sewer systems pursuant to the Water
Sector Program as provided in R.S. 39:100.56 or any other purpose as provided for in this
Section. Except as provided in Subsections D and F of this Section and R.S.
39:100.56(K)(2), expenditure of monies in the fund shall require prior approval of the Water
Sector Commission and the Joint Legislative Committee on the Budget.
D. The Engineering Fee Subfund, hereafter referred to in this Subsection as the
"subfund", is hereby created in the state treasury as a subfund in the Water Sector Fund.
Monies appropriated or transferred to the subfund shall be deposited by the state treasurer
after compliance with the provisions of Article VII, Section 9(B) of the Constitution of
Louisiana. Monies in the subfund shall be invested in the same manner as monies in the
Water Sector Fund, and any interest earned on the investment of subfund monies shall be
credited to the subfund. All unexpended and unencumbered monies in the subfund at the end
of the fiscal year shall remain in the subfund. Monies in the subfund shall be used to provide
grant funding to certain political subdivisions for engineering fees arising out of application
to the Water Sector Program. No monies shall be expended from the subfund without
approval of the Water Sector Commission.
E. The Phase II Subfund is hereby created in the state treasury as a subfund in the
Water Sector Fund. Monies appropriated or transferred to the Phase II Subfund shall be
deposited by the state treasurer after compliance with the provisions of Article VII, Section
9(B) of the Constitution of Louisiana. Monies in the Phase II Subfund shall be invested in
the same manner as monies in the Water Sector Fund, and any interest earned on the
investment of Phase II Subfund monies shall be credited to the Phase II Subfund. All
unexpended and unencumbered monies in the Phase II Subfund at the end of the fiscal year
shall remain in the Phase II Subfund. Any monies deposited into the Phase II Subfund shall
be used only to provide grant funding for repairs, improvements, consolidation, and related
expenses of community water and sewer systems as provided in R.S. 39:100.56(O).
F. The Emergency Subfund is hereby created in the state treasury as a subfund in the
Water Sector Fund. Monies appropriated or transferred to the Emergency Subfund shall be
deposited by the state treasurer after compliance with the provisions of Article VII, Section
9(B) of the Constitution of Louisiana. Monies in the Emergency Subfund shall be invested
in the same manner as monies in the Water Sector Fund, and any interest earned on the
investment of Emergency Subfund monies shall be credited to the Emergency Subfund. All
unexpended and unencumbered monies in the Emergency Subfund at the end of the fiscal
year shall remain in the Emergency Subfund. Monies in the Emergency Subfund shall be
used only to provide emergency grant funding to address or mitigate an emergency related
to a community water system or community sewer system as provided in R.S. 39:100.56(O).
No monies shall be expended from the Emergency Subfund without prior approval of the
Water Sector Commission. Joint Legislative Committee on the Budget approval is required
for approval of emergency grant funding requests in excess of two hundred thousand dollars.