§ 39:100.81 — Community Water Enrichment and Other Improvements Fund

Louisiana § 39:100.81

• Jurisdiction: Louisiana
• Title 39: Procurement and Contract

Text

§100.81. Community Water Enrichment and Other Improvements Fund
A. There is hereby created in the state treasury, as a special fund, the Community
Water Enrichment and Other Improvements Fund, hereinafter referred to as the "fund". The
fund shall consist of two accounts: the Water System Enrichment Account and the Other
Improvements Account. Subject to appropriation by the legislature, monies in the Water
System Enrichment Account shall be used solely to fund rehabilitation, improvement, and
construction projects for community water systems to provide drinking water to Louisiana's
small rural communities. Subject to appropriation by the legislature, monies in the Other
Improvements Account shall be used by the office of community development solely to
provide for a grants program for local governments to assist with capital, infrastructure, and
other projects.
B. The fund shall consist of monies deposited annually pursuant to R.S.
27:270(A)(3)(b)(ii)(bb) or (c)(ii)(bb), with fifty percent to be deposited in and credited to the
Water System Enrichment Account and fifty percent to be deposited in and credited to the
Other Improvements Account. Further, the fund shall also consist of any other monies
appropriated, allocated, or transferred to the fund. 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.

Legislative History

Acts 2008, No. 513, §14, eff. June 30, 2008; Acts 2019, No. 171, §2.