2018 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:100.136 - Specialized Educational Institutions Support Fund
NOTE: §100.136 eff. until July 1, 2020. See Acts 2018, No. 612.
SUBPART R-1. UNFUNDED ACCRUED LIABILITY
AND SPECIALIZED EDUCATIONAL INSTITUTIONS
SUPPORT FUND
§100.136. Specialized Educational Institutions Support Fund
A. There is hereby established in the state treasury a special fund to be known as the "Unfunded Accrued Liability and Specialized Educational Institutions Support Fund", hereinafter referred to as "fund". The fund shall be composed of two accounts: the UAL Account and the Specialized Educational Institutions Account. The source of monies for the fund shall be those state revenues deposited into the fund pursuant to the requirements of R.S. 47:6351. Monies in the fund shall be invested in the same manner as those in the state general fund. Monies remaining in the fund at the end of the fiscal year shall be deposited into the UAL Account.
B. Monies in the fund shall be available for appropriation exclusively for (1) payments against the unfunded accrued liability of the public retirement systems which are in addition to any payments required for the annual amortization of the unfunded accrued liability of the public retirement systems, as required by Article X, Section 29(E)(2)(c) of the Constitution of Louisiana; however, any such payments to the public retirement systems shall not be used, directly or indirectly, to fund cost-of-living increases for such systems and (2) the support of operations of the Louisiana Cancer Research Center of L.S.U. Health Sciences Center in New Orleans/Tulane Health Sciences Center, the Feist-Weiller Cancer Center of LSU Health Sciences Center - Shreveport, the Pennington Biomedical Research Center, the Louisiana State University Agricultural Center, and the Southern University Agricultural Research and Extension Center. Monies appropriated from the fund shall not be used in any fiscal year to displace, replace, or supplant state general fund support for these agencies.
C.(1) Appropriations from the Specialized Educational Institutions Account in any fiscal year shall be allocated as provided in this Paragraph; however, in the event that the amount available for appropriation in any fiscal year is insufficient to provide for such allocations, the amounts allocated shall be reduced proportionately.
(a) Five Million Dollars for the Louisiana Cancer Research Center of L.S.U. Health Sciences Center in New Orleans/Tulane Health Sciences Center.
(b) Five Million Dollars for the Feist-Weiller Cancer Center of LSU Health Sciences Center - Shreveport.
(c) Ten Million Dollars for the Louisiana State University Agricultural Center.
(d) Five Million Dollars for the Pennington Biomedical Research Center.
(e) Five Million Dollars for the Southern University Agricultural Research and Extension Center.
(2) Appropriations from the UAL Account shall be exclusively for additional payments against the unfunded accrued liability of the public retirement systems as provided in Subsection B of this Section.
NOTE: §100.136 eff. July 1, 2020. See Acts 2018, No. 612.
§100.136. Unfunded Accrued Liability Fund
A. There is hereby established in the state treasury a special fund to be known as the "Unfunded Accrued Liability Fund", hereinafter referred to as "fund". The source of monies for the fund shall be those state revenues deposited into the fund pursuant to the requirements of R.S. 47:6351. Monies in the fund shall be invested in the same manner as those in the state general fund. Monies remaining in the fund at the end of the fiscal year shall remain in the fund.
B. Monies in the fund shall be available for appropriation exclusively for payments against the unfunded accrued liability of the public retirement systems which are in addition to any payments required for the annual amortization of the unfunded accrued liability of the public retirement systems, as required by Article X, Section 29(E)(2)(c) of the Constitution of Louisiana; however, any such payments to the public retirement systems shall not be used, directly or indirectly, to fund cost-of-living increases for such systems.
C. Appropriations from the UAL Account shall be exclusively for additional payments against the unfunded accrued liability of the public retirement systems as provided in Subsection B of this Section.
Acts 2012, No. 800, §1, eff. July 1, 2012; Acts 2018, No. 612, §12, eff. July 1, 2020.
