2006 Louisiana Laws - RS 40:1300.263 — Tobacco control program fund; establishment

§1300.263.  Tobacco Control Program Fund; establishment

A.  One-half of all fines imposed and collected pursuant to this Part shall be transmitted to the office of public health in the Department of Health and Hospitals and shall be deposited by such office in a special fund established in the state treasury to be known as the Tobacco Control Program Fund, hereinafter referred to as "the fund" as provided in this Subsection.

B.  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 that become due and payable within a fiscal year, the treasurer in each fiscal year shall pay into the fund an amount equal to the total amount of fines imposed, collected, and transmitted to the office of public health in the Department of Health and Hospitals pursuant to this Part.

C.  The total amount of monies in the fund shall annually be appropriated to the office of public health to be used by such office solely for the purpose of funding the efforts of the office of public health in the Tobacco Control Program.

D.  All unexpended and unencumbered monies in the fund at the end of a fiscal year shall remain in the fund and be available for appropriation in the next fiscal year in the same manner as allocated herein.  Monies in the fund shall be invested as provided by law.  After compliance with the provisions of law concerning the Bond Security and Redemption Fund, interest earned on the investment of monies in the fund shall be credited to the fund.

Acts 2006, No. 815, §1, eff. Jan. 1, 2007.