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2018 Louisiana Laws
Revised Statutes
TITLE 51 - Trade and Commerce
RS 51:2315 - Louisiana Economic Development Fund

Universal Citation: LA Rev Stat § 51:2315 (2018)
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§2315. Louisiana Economic Development Fund

            NOTE: §2315 eff. until July 1, 2020. See Acts 2018, No. 612.

            A. There is hereby established within the state treasury a fund to be known as the "Louisiana Economic Development Fund". All monies received by the corporation shall be deposited to the account of the Louisiana Economic Development Fund.

            B.(1) The legislature may appropriate monies for the benefit of the programs administered by the corporation to the Louisiana Economic Development Fund. The monies in such fund shall be used to accomplish the purposes of this Chapter.

            (2) All monies received or appropriated to such fund shall remain in the fund and shall not be returned to the state general fund at the end of any fiscal year.

            C.(1) The monies in the Louisiana Economic Development Fund shall be invested by the treasurer in the same manner as monies in the state general fund.

            (2) All interest earned on monies from such fund so invested by the state treasurer shall be deposited in the Louisiana Economic Development Fund.

            D. Repealed by Acts 2012, No. 834, §13, eff. July 1, 2012.

            NOTE: §2315 eff. July 1, 2020. See Acts 2018, No. 612.

            A. There is hereby established within the state treasury a fund to be known as the "Louisiana Economic Development Fund". All monies received by the corporation shall be deposited to the account of the Louisiana Economic Development Fund. Monies received by the corporation pursuant to R.S. 47:318(A) shall be used solely for the Louisiana FastStart Program.

            B. All monies received or appropriated to such fund shall remain in the fund and shall not be returned to the state general fund at the end of any fiscal year.

            C.(1) The monies in the Louisiana Economic Development Fund shall be invested by the treasurer in the same manner as monies in the state general fund.

            (2) All interest earned on monies from the fund so invested by the state treasurer shall be deposited in the Louisiana Economic Development Fund.

            Acts 1991, No. 34, §1, eff. July 1, 1991; Acts 2003, No. 1107, §1, eff. July 2, 2003; Acts 2012, No. 834, §13, eff. July 1, 2012; Acts 2018, No. 612, §17, eff. July 1, 2020.

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