Louisiana Revised Statutes 34:851.32 – Disposition of funds
Terms Used In Louisiana Revised Statutes 34:851.32
- Commission: means the Louisiana Wildlife and Fisheries Commission. See Louisiana Revised Statutes 34:851.2
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Houseboat: means a vessel constructed for the primary purpose of a temporary or permanent dwelling without an effective means of propulsion for safe navigation. See Louisiana Revised Statutes 34:851.2
- Motorboat: means any vessel equipped with or propelled by any type of machinery whether or not such machinery is the principal source of propulsion but shall not include a vessel which has a valid marine document issued by the Bureau of Customs of the United States Government or any federal agency successor thereto, unless the vessel is a recreational use vessel. See Louisiana Revised Statutes 34:851.2
- Sailboat: means any watercraft propelled by sail or canvas. See Louisiana Revised Statutes 34:851.2
A. Funds accruing to the state of Louisiana from registration fees paid by owners of motorboats and sailboats shall be paid into the state treasury and shall be credited to the Bond Security and Redemption Fund. Out of the funds remaining in the Bond Security and Redemption Fund, after a sufficient amount is allocated from that fund to pay all obligations secured by the full faith and credit of the state which become due and payable within any fiscal year, the treasurer shall, prior to placing such remaining funds in the state general fund, pay into the Aquatic Plant Control Dedicated Fund Account an amount equal to the total amount of the sums recovered as fees for motorboat and sailboat registrations in La. Rev. Stat. 34:851.20 and 851.23.
B. The revenues derived from the registration fees paid into the Conservation Fund pursuant to Subsection A of this Section shall be made available for the purpose of providing the necessary additional funds for the administration and enforcement of the provisions of this Part or for such other purposes as may be determined by the Louisiana Wildlife and Fisheries Commission.
C. Funds accruing to the state of Louisiana from the fees paid for the registration of houseboats shall be paid into the state treasury and shall be credited to the Bond Security and Redemption Fund. Out of the funds remaining in the Bond Security and Redemption Fund, after a sufficient amount is allocated from that fund to pay all obligations secured by the full faith and credit of the state which become due and payable within any fiscal year, the treasurer shall pay into the Derelict Houseboat Fund Account an amount equal to the total amount of the sums recovered as fees for houseboat registrations in La. Rev. Stat. 34:851.20.
Acts 1984, No. 288, §1; Acts 2018, No. 628, §1; Acts 2018, No. 698, §1; Acts 2019, No. 139, §1; Acts 2021, No. 114, §18, eff. July 1, 2022; Acts 2021, No. 356, §1, eff. Nov. 15, 2021.