2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:100.125 — Statewide education facilities fund

LA Rev Stat § 39:100.125 What's This?


§100.125. Statewide Education Facilities Fund

A. There is hereby created in the state treasury, as a special fund, the Statewide Education Facilities Fund, hereinafter referred to as the "fund". Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on investment of monies in the fund shall be deposited in and credited to the fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.

B. The source of monies deposited into the fund shall be any monies appropriated or transferred to the fund by the legislature, including federal monies, donations, gifts, grants, or any other monies which may be provided by law.

C. Monies in the fund shall be used solely for the purposes of the Statewide Education Facilities Authority.

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

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