2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:2165.10 — Oil spill relief programs fraud detection fund

§2165.10. Oil Spill Relief Programs Fraud Detection Fund

A. The Oil Spill Relief Programs Fraud Detection Fund, hereafter referred to as the "fund", is created in the state treasury as a special 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 monies in the fund shall be credited to the fund. All unexpended and unencumbered monies in the fund at the end of each fiscal year shall remain in the fund.

B. After compliance with the requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond Security and Redemption Fund, and prior to monies being placed in the state general fund, all monies received by the state pursuant to a civil award granted or settlement under the provisions of this Chapter, except for the amount to make oil spill relief programs whole, shall be deposited into the fund.

C. Except as provided in this Subsection, the monies in the fund shall be appropriated by the legislature for the following purposes only:

(1) To pay costs or expenses incurred by the attorney general relative to an action instituted pursuant to this Chapter.

(2) To enhance fraud and abuse detection and prevention activities related to oil spill relief programs.

(3) To pay rewards for information concerning fraud and abuse as provided in this Chapter.

(4) To provide a source of revenue for oil spill relief programs in this state to help citizens who were affected by the Deepwater Horizon Oil Spill recover from the damages they sustained.

Acts 2010, No. 658, §1.