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Funds deposited with the department as guarantees by persons obtaining permits for the installation of the things described in La. Rev. Stat. 48:344 and 381 shall be forfeited to the department and credited to the Transportation Trust Fund if the permit terms remain unsatisfied or the deposit has not been claimed after the elapse of five years from the date of issuance of the permit.

Added by Acts 1965, No. 62, §1.  Amended by Acts 1977, No. 291, §1; Acts 1999, No. 897, §2, eff. July 2, 1999.