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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, 2011
SENATE BILL NO. 90
BY SENATOR THOMPSON
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FUNDS/FUNDING. Transfers certain monies from the Boll Weevil Eradication Fund to the
Louisiana Agricultural Finance Authority. (gov sig)
AN ACT1
To amend and reenact R.S. 3:1615(A)(3) and (B)(1) and to enact R.S. 3:1615(A)(4), relative2
to the Boll Weevil Eradication Fund; to provide relative to monies received from3
assessments; to transfer unexpended monies received from assessments to the4
Louisiana Agricultural Finance Authority; to provide relative to expenses of the5
program; and to provide for related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 3:1615(A)(3) and (B)(1) are hereby amended and reenacted and R.S.8
3:1615(A)(4) is hereby enacted to read as follows: 9
ยง1615. Boll Weevil Eradication Fund; disposition of funds10
A. All assessments, fees, penalties, and other funds received under the11
provisions of this Part shall be disposed of in accordance with the following12
provisions:13
* * *14
(3) All unexpended and unencumbered monies received from fees and15
penalties in the fund at the end of each fiscal year shall remain in the Boll Weevil16
Eradication Fund. The monies in the fund shall be invested by the treasurer in the17 SB NO. 90
SLS 11RS-305 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
same manner as monies in the state general fund. All interest earned on monies from1
the fund invested by the state treasurer shall be deposited in the fund.2
(4) All unexpended and unencumbered monies received from3
assessments in the fund at the end of each fiscal year shall be transferred to the4
Louisiana Agricultural Finance Authority to provide for the expenses of the5
program established by this Part.6
B. Subject to appropriation, the monies in the fund shall be used for the7
following purposes:8
(1) To provide for the expenses of the program established by this Part, as9
determined by the commission commissioner.10
* * *11
Section 2. This Act shall become effective upon signature by the governor or, if not12
signed by the governor, upon expiration of the time for bills to become law without signature13
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If14
vetoed by the governor and subsequently approved by the legislature, this Act shall become15
effective on the day following such approval.16
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Curry Johnson.
DIGEST
Present law creates the Boll Weevil Eradication Fund and provides for the disposition of
funds.
Proposed law retains present law.
Present law requires that all unexpended and unencumbered monies in the fund at the end
of each fiscal year remain in the Boll Weevil Eradication Fund.
Proposed law specifies that only unexpended and unencumbered monies received from fees
and penalties at the end of each fiscal year remain in the Boll Weevil Eradication Fund.
Proposed law transfers all unexpended and unencumbered monies received from assessments
at the end of each fiscal year to the Louisiana Agricultural Finance Authority for boll weevil
eradication program expenses.
Present law authorizes the Boll Weevil Eradication Commission to determine the use of
monies for boll weevil eradication program expenses.
Proposed law authorizes the commissioner of agriculture to determine the use of monies for
boll weevil eradication program expenses. SB NO. 90
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 3:1615(A)(3) and (B)(1); adds R.S. 3:1615(A)(4))