2021 Louisiana Laws
Revised Statutes
Title 39 - Public Finance
§100.101. Power-Based Fund; purpose
RS 100.101 - Power-Based Fund; purpose
A. There is hereby created in the state treasury, as a special fund, the "Power-Based Fund", hereinafter referred to in this Section as the "fund".
B. Notwithstanding any provision of law to the contrary, the state treasurer is hereby authorized and directed to transfer $500,000 from the Louisiana Mega-Project Development Fund into the Power-Based Fund.
C. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on investment of monies in the fund shall be credited to the fund. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.
D. Monies in the fund shall be appropriated and used for the establishment of Title IX offices at every public postsecondary institution in the state. The Board of Regents shall develop a plan for the distribution of funds.
Acts 2021, No. 114, §22, eff. June 7, 2021; Acts 2021, No. 441, §2, eff. June 22, 2021.
