§ 39:100.71 — Blue Tarp Fund; purpose

Louisiana § 39:100.71

• Jurisdiction: Louisiana
• Title 39: Procurement and Contract

Text

§100.71. Blue Tarp Fund; purpose
A. There is hereby created in the state treasury, as a special fund, the ''Blue Tarp
Fund", hereinafter referred to in this Section as the "fund".
B. Notwithstanding any provision of law to the contrary, the state treasurer is hereby
authorized and directed to transfer $500,000 from the Louisiana Mega-Project Development
Fund into the Blue Tarp Fund.
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 and used for roof repairs for
homeowners. The Louisiana Housing Corporation shall develop a plan and promulgate rules
for the distribution of funds.

Legislative History

Acts 2021, No. 114, §21, eff. June 7, 2021; Acts 2022, No. 167, §4, eff. May 30, 2022.