Louisiana § 40:16.4 Louisiana Department of Health's Facility Support Fund Number 2

Louisiana Statutes

§ 40:16.4 — Louisiana Department of Health's Facility Support Fund Number 2

Louisiana § 40:16.4

Title 40Public Health and Safety

This text of Louisiana § 40:16.4 (Louisiana Department of Health's Facility Support Fund Number 2) 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.

Bluebook

La. Stat. Ann. § 40:16.4 (2026).

Text

§16.4. Louisiana Department of Health's Facility Support Fund Number 2 A. There is hereby created, as a special fund in the state treasury, the Louisiana Department of Health's Facility Support Fund Number 2, hereinafter referred to as the "fund". B.

(1)Notwithstanding any other provision of law to the contrary, after compliance with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana, relative to the Bond Security and Redemption Fund, and after a sufficient amount is allocated from that fund to pay all of the obligations secured by the full faith and credit of the state which become due and payable within any fiscal year, the treasurer shall pay an amount into the fund equal to the amount collected by the state from the proceeds of the sale or transfer of certai

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§16.4. Louisiana Department of Health's Facility Support Fund Number 2
A. There is hereby created, as a special fund in the state treasury, the Louisiana
Department of Health's Facility Support Fund Number 2, hereinafter referred to as the
"fund".
B.(1) Notwithstanding any other provision of law to the contrary, after compliance
with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana, relative
to the Bond Security and Redemption Fund, and after a sufficient amount is allocated from
that fund to pay all of the obligations secured by the full faith and credit of the state which
become due and payable within any fiscal year, the treasurer shall pay an amount into the
fund equal to the amount collected by the state from the proceeds of the sale or transfer of
certain lands as provided in Section 1 of Act No. 272 of the 2019 Regular Session of the
Legislature, less the amount of the sale proceeds to be deducted by the state land office to
offset its appraisal, survey, and other closing costs occasioned by the transactions.
(2) Monies appropriated from the fund shall be used solely as provided in Subsection
C of this Section and only in the amounts appropriated by the legislature. All unexpended
and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.
The monies in the fund shall be invested by the state treasurer in the same manner as monies
in the state general fund, and interest earned on the investment of these monies shall be
credited to the fund following compliance with the requirements of Article VII, Section 9(B)
of the Constitution of Louisiana, relative to the Bond Security and Redemption Fund.
C. Subject to annual appropriation by the legislature, the monies in the fund shall be
used solely for the planning, design, permits, improvements, repairs, equipment, restoration,
renovation, or construction of the Central Louisiana State Hospital.