Louisiana Revised Statutes 39:100.59 – A. There is hereby created in the state treasury, as a special fund, the “Louisiana Port Relief Fund”, hereinafter referred to in this Section as the “fund”. Monies in the fund shall
Terms Used In Louisiana Revised Statutes 39:100.59
- Fund: means an independent fiscal and accounting entity with a self-balancing set of accounts recording cash or other resources together with all related liabilities, obligations, reserves, and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with regulations, restrictions, and limitations. See Louisiana Revised Statutes 39:2
- Program: means a grouping of activities directed toward the accomplishment of a clearly defined objective or set of objectives. See Louisiana Revised Statutes 39:2
A. There is hereby created in the state treasury, as a special fund, the “Louisiana Port Relief Fund”, hereinafter referred to in this Section as the “fund”. Monies in the fund shall be used to provide economic support to Louisiana port authorities in accordance with the provisions of the Louisiana Port Relief Program as provided in La. Rev. Stat. 39:100.44.2.
B. The treasurer is hereby authorized and directed to transfer fifty million dollars from the Louisiana Rescue Plan Fund into the fund. 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.
C. Any remaining balance in the fund on January 1, 2022, shall be transferred to the Louisiana Rescue Plan Fund.
Acts 2021, No. 410, §1, eff. June 17, 2021.