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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010 ENROLLED
SENATE BILL NO. 471
BY SENATOR MICHOT
AN ACT1
To amend and reenact R.S. 30:2483(E) and 2484(A)(1) and (7) and to enact R.S.2
30:2486(F), relative to special treasury funds; to remove the cap on the Oil Spill3
Contingency Fund in certain circumstances; to provide for the use of monies in the4
Oil Spill Contingency Fund during declared emergencies or disasters; to provide for5
the collection of the oil spill contingency fee during declared emergencies or6
disasters; to provide for an effective date; and to provide for related matters.7
Be it enacted by the Legislature of Louisiana:8
Section 1. R.S. 30:2483(E) and 2484(A)(1) and (7) are hereby amended and9
reenacted and R.S. 30:2486(F) is hereby enacted to read as follows:10
§2483. Oil Spill Contingency Fund11
* * *12
E. After compliance with the requirements of Article VII, Section 9(B) of the13
Constitution of Louisiana relative to the Bond Security and Redemption Fund, and14
prior to monies being placed in the state general fund, an amount equal to that15
deposited, as required in Subsection D hereof, and monies appropriated by the16
legislature shall be credited to a special fund hereby created in the state treasury to17
be known as the "Oil Spill Contingency Fund". The monies in this fund shall be used18
solely as provided in this Section and only in the amounts appropriated by the19
legislature. All unexpended and unencumbered monies in this fund at the end of the20
fiscal year shall remain in the fund. The monies in this fund shall be invested by the21
state treasurer in the same manner as monies in the state general fund, and interest22
earned on the investment of these monies shall remain in the fund. Except as23
ACT No. 962 SB NO. 471 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
otherwise provided in this Section, the The balance of the fund shall not exceed1
thirty million dollars, exclusive of all fees, other than all fees collected pursuant to2
R.S. 30:2485 and 2486, penalties, judgments, reimbursements, charges, interest, and3
federal funds collected pursuant to the provisions of this Chapter. As authorized by4
Article VII, Section 10.7(C) of the Constitution of Louisiana, the amount of5
monies in the fund shall not be limited to thirty million dollars during a6
declared state of emergency or disaster caused by an unauthorized discharge of7
oil.8
§2484. Uses of fund9
A. Money in the fund may be disbursed for the following purposes and no10
others:11
(1) Administrative and personnel expenses of the office of the coordinator,12
excluding those of the oil spill technical assistance program, not to exceed six13
hundred thousand dollars in any fiscal year; except that during a declared state of14
emergency or disaster caused by an unauthorized discharge of oil, more than15
six hundred thousand dollars in a fiscal year may be disbursed from the fund16
after approval of the commissioner of administration and the Joint Legislative17
Committee on the Budget.18
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(7) Operating costs and contracts for response and prevention as provided in20
this Chapter, excluding operating costs and contracts where indicated of the oil spill21
technical assistance program, not to exceed six hundred thousand dollars in any22
fiscal year; except that during a declared state of emergency or disaster caused23
by an unauthorized discharge of oil, more than six hundred thousand dollars in24
a fiscal year may be disbursed from the fund after approval of the25
commissioner of administration and the Joint Legislative Committee on the26
Budget.27
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§2486. Determination of fee29
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
F. Notwithstanding any other provision of law to the contrary, the1
amount of monies in the fund shall not be limited to seven million dollars during2
a declared state of emergency or disaster caused by an unauthorized discharge3
of oil.4
Section 2. This Act shall become effective upon signature by the governor or, if not5
signed by the governor, upon expiration of the time for bills to become law without signature6
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If7
vetoed by the governor and subsequently approved by the legislature, this Act shall become8
effective on the day following such approval.9
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: