2011 Louisiana Laws
Revised Statutes
TITLE 48 — Roads, bridges and ferries
RS 48:2112 — Transportation mobility fund; creation


LA Rev Stat § 48:2112 What's This?

§2112. Transportation Mobility Fund; creation

A. There is hereby created, as a special fund in the state treasury, the Transportation Mobility Fund, hereinafter referred to as the "fund". The source of monies to be deposited into the fund shall be grants, gifts, and donations received by the state for the purposes of this Chapter; any other revenues, whether local, state, or federal, as may be provided by law; and other monies which may be appropriated by the legislature to 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, an amount equal to that deposited into the state treasury from the foregoing sources shall be deposited in and credited to the fund. The board of directors of the Louisiana Transportation Authority shall administer the fund and all allocations made therefrom. The monies in the fund shall be invested by the treasurer in the same manner as the state general fund, and all unexpended and unencumbered monies remaining in the fund at the end of each fiscal year shall remain in the fund.

C. The monies in the fund shall be allocated and disbursed by the board of the Louisiana Transportation Authority solely as provided for and in accordance with the provisions of this Chapter. Additionally, the board of directors of the Louisiana Transportation Authority shall not commingle funds from the Transportation Mobility Fund with other funds.

Acts 2006, No. 685, §1.

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