2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:100.121 — Hurricane recovery health insurance premium fund

SUBPART Q. HURRICANE RECOVERY HEALTH

INSURANCE PREMIUM FUND

§100.121. Hurricane Recovery Health Insurance Premium Fund

A. There is hereby created, as a special fund in the state treasury, the Hurricane Recovery Health Insurance Premium Fund, hereafter referred to as "the fund".

B. The source of monies deposited into the fund shall be any monies appropriated annually by the legislature including donations, gifts, grants, or any other monies which may be provided by law. Monies credited to the fund shall be distributed as provided in Subsection C of this Section.

C. Subject to an annual appropriation by the legislature, monies in the fund shall be distributed as follows:

(1) Sixty-three and three-tenths percent shall be distributed to the Orleans Parish School Board and shall be used to reduce the employee portions of health insurance premiums for certain system retirees.

(2) Monies distributed to the Cameron Parish School Board, the Plaquemines Parish School Board, and the St. Bernard Parish School Board shall be used for subsidy of health insurance premiums. Distributions to the school boards shall be as follows:

(a) Four and nine-tenths percent to the Cameron Parish School Board.

(b) Ten and four-tenths percent to the Plaquemines Parish School Board.

(c) Twenty-one and four-tenths percent to the St. Bernard Parish School Board.

D. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. The monies in the fund shall be invested by the state treasurer in the same manner as monies in the state general fund, and interest earned on the investment of these monies shall be credited to the state general fund.

Acts 2009, No. 226, §1, eff. July 1, 2009.