Louisiana Revised Statutes 40:5.10 – Oyster Sanitation Dedicated Fund Account
Terms Used In Louisiana Revised Statutes 40:5.10
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
A. There is hereby established a special statutorily dedicated fund account in the state treasury to be known as the Oyster Sanitation Dedicated Fund Account, hereinafter referred to as the “account”. The account shall consist of monies received by virtue of the surcharge assessed pursuant to La. Rev. Stat. 30:2075.1, such monies as may be appropriated to it by the legislature, and monies received by the account from grants and donations. Monies deposited into the account shall be categorized as fees and self-generated revenue for the sole purpose of reporting related to the executive budget, supporting documents, and general appropriation bills and shall be available for annual appropriation by the legislature.
B. Monies in the account shall be invested by the state treasurer in accordance with the law, and shall comply with the provisions of La. Const. Art. VII, § 9(B) relative to the Bond Security and Redemption Fund. Subject to La. Const. Art. VII, § 9 , the investment earnings on account monies shall be credited to the account. The treasurer shall advise the governor and the legislature of the status of the account thirty days prior to each regular session of the legislature and at any other time upon their request.
C. Upon request of the secretary of either department named herein, and pursuant to appropriation by the legislature, the treasurer shall disburse monies from the account to the Louisiana Department of Health or the Department of Wildlife and Fisheries for projects or measures that protect, enhance, or restore sanitary conditions directly related to the molluscan shellfish industry.
D. Monies from the account may not be used other than for the sanitation purposes authorized in Subsection C of this Section, or investment authorized in Subsection B of this Section.
Acts 1993, No. 911, §2, eff. June 23, 1993; Acts 2021, No. 114, §10, eff. July 1, 2022.