§ 39:100.57 — Louisiana Coronavirus Capital Projects Fund

Louisiana § 39:100.57

• Jurisdiction: Louisiana
• Title 39: Procurement and Contract

Text

§100.57. Louisiana Coronavirus Capital Projects Fund
A. There is hereby created in the state treasury, as a special fund, the "Louisiana
Coronavirus Capital Projects Fund", hereinafter referred to in this Section as the "fund".
Monies in the fund shall be expended in accordance with the American Rescue Plan Act of
2021, P.L. 117-2, and subsequent guidance promulgated by the United States Treasury.
B. The state treasurer is hereby authorized and directed to deposit in and credit to the
fund any federal monies allocated to Louisiana pursuant to the Coronavirus Capital Projects
Fund of the American Rescue Plan Act of 2021.
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.

Legislative History

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