There is a newer version of this Statute
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2018 Louisiana Laws
Revised Statutes
TITLE 47 - Revenue and Taxation
RS 47:841.2 - Tobacco Tax Medicaid Match Fund

Universal Citation: LA Rev Stat § 47:841.2 (2018)
Previous Next

NOTE: §841.2 eff. until July 1, 2020. See Acts 2018, No. 612.

§841.2. Tobacco Tax Medicaid Match Fund

            A. There is hereby created as a special fund within the state treasury the "Tobacco Tax Medicaid Match Fund", hereinafter referred to as the "fund". After satisfying the requirements of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond Security and Redemption Fund and after a sufficient amount is allocated from that fund to pay all of the obligations secured by the full faith and credit of the state which becomes due and payable within any fiscal year, the state treasurer shall annually deposit into the fund an amount equal to the avails of the tax imposed under the provisions of R.S. 47:841(B)(6).

            B. 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 all earnings on investment of the fund shall be deposited into the fund. Monies appropriated from the fund shall be used solely as provided in Subsection C of this Section.

            C. Monies in the fund shall be appropriated to the Louisiana Department of Health for the medical assistance program administered by the state in accordance with Title XIX of the Social Security Act, also known as Medicaid.

            D. No amount appropriated as required in this Section shall displace, replace, or supplant appropriations from the state general fund for the Louisiana Department of Health. This shall mean that no appropriation for any fiscal year from the Tobacco Tax Medicaid Match Fund shall be made for any purpose for which a general fund appropriation was made in the previous year unless the total appropriations for the fiscal year from the state general fund for such purpose exceed general fund appropriations for the previous year.

NOTE: §841.2 as repealed by Acts 2018, No. 612, eff. July 1, 2020.

§841.2 Repealed by Acts 2018, No. 612, §22, eff. July 1, 2020.

            Acts 2015, No. 94, §1; Acts 2018, No. 612, §22, eff. July 1, 2020.

            NOTE: See Acts 2015, No. 94, §§2 and 3, re: applicability and effectiveness of certain provisions.

Previous Next
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.