§ 39:100.59.2 — Capital Outlay Relief Fund

Louisiana § 39:100.59.2

• Jurisdiction: Louisiana
• Title 39: Procurement and Contract

Text

§100.59.2. Capital Outlay Relief Fund
A. There is hereby created in the state treasury, as a special fund, the Capital Outlay
Relief Fund, hereinafter referred to in this Section as the "fund". Monies in the fund shall
be used for capital outlay projects.
B. The treasurer is hereby authorized and directed to transfer thirty-five million
dollars from the Louisiana Rescue Plan Fund into the 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. 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.

Legislative History

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