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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 ENROLLED
SENATE BILL NO. 90
BY SENATOR THOMPSON
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
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
same manner as monies in the state general fund. All interest earned on monies from18
the fund invested by the state treasurer shall be deposited in the fund.19
(4) All unexpended and unencumbered monies received from20
assessments in the fund at the end of each fiscal year shall be transferred to the21
Louisiana Agricultural Finance Authority to provide for the expenses of the22
program established by this Part.23
ACT No. 332 SB NO. 90 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
B. Subject to appropriation, the monies in the fund shall be used for the1
following purposes:2
(1) To provide for the expenses of the program established by this Part, as3
determined by the commission commissioner.4
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Section 2. This Act shall become effective upon signature by the governor or, if not6
signed by the governor, upon expiration of the time for bills to become law without signature7
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If8
vetoed by the governor and subsequently approved by the legislature, this Act shall become9
effective on the day following such approval.10
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: