2006 Louisiana Laws - RS 3:445.9 — Ancillary enterprise fund

§445.9.  Ancillary enterprise fund

A.  There is hereby established within the state treasury an ancillary enterprise fund to be known as the Louisiana Crawfish Market Development Fund.  All appropriations by the legislature for the benefit of the authority and/or the facility shall be appropriated to said fund. The monies in said fund shall be used to accomplish the purpose of this Part.  All funds appropriated by the legislature shall remain available to the authority and shall not be returned to the state treasury at the end of any fiscal year.

B.  All revenues received by the authority of grants and donations shall, as authorized under Paragraph (B) of Section 9 of Article VII of the Constitution of Louisiana, be deposited to the account of said ancillary fund.

C.  The monies in the ancillary enterprise fund herein created shall be invested by the treasurer in the same manner as monies in the state general fund.  All interest earned on monies invested by the state treasurer shall be deposited in the Louisiana Crawfish Market Development Fund.

Acts 1985, No. 880, §1, eff. July 23, 1985.